Arch Resources updates executive succession plan

Arch Resources announced that, as part of its long-term succession process, Richard Navarre will become Chair of Arch‘s Board of Directors at the conclusion of the company’s annual stockholders’ meeting on May 7, succeeding John Eaves, who will retire at that time as the company’s executive chair and as a member of the board. James Chapman has also announced plans to retire from the Arch board at Arch’s 2024 annual meeting. John Drexler has been promoted to the role of president, effective immediately, and nominated for election to the board of directors at the 2024 annual meeting. In addition to his role at Arch, Richard Navarre currently serves on the boards of Civeo Corporation and Natural Resource Partners. He is the past chairman and chief executive officer of Covia Corporation and earlier in his career served as president and chief commercial officer and as chief financial officer of Peabody Energy Corporation. John Drexler joined Arch in 1998 and has served as the company’s senior vice president and COO since 2020. Prior to his current role, he served as Arch’s senior vice president and CFO from 2008 through 2020 and as its vice president of finance and accounting from 2006 through 2008.