announced the appointmentof Mike Tracy as the company's new CEO July 21, a little more than a week afterthe death of Chairmanand CEO Garry Neil Drummond.
"Iam honored to have been appointed as Drummond Company's new CEO. Mr. Drummond'svision and leadership established Drummond as a global leader in coal, coke productionand marketing, along with real estate development," Tracy said. "He lefta great legacy. Along with our outstanding management team and a massive group ofloyal, dedicated associates, I am committed to continue driving and executing ourgrowth strategy into this next chapter of the company."
Tracyis the company's former president of mining.
In additionto Tracy's promotion, the company announced that Drummond's son Mike has been appointedas the new chairman of the board. Additionally, John Drummond Sr., Dan Davidson,Tom Davidson, Mark Drummond, Beth Stukes, John Davidson, Ed Drummond and Mike Tracyhave been named to the board.
"Theseindividuals are of high moral character, sound judgment, and have outstanding lifeskills," Mike Drummond said. "All board members except for Mike Tracy,are members of the Drummond family and are shareholders. Together with the managementteam at Drummond Company, we will guide Drummond into a new generation of prosperityand success."