Arch Resources (ARCH) has released an update.
Arch Resources, Inc. has announced significant leadership changes as part of its long-term succession planning. John T. Drexler has been appointed as the new President while continuing his role as COO, succeeding Paul A. Lang who remains CEO. Additionally, John W. Eaves is set to retire as Executive Chair after the upcoming annual stockholders’ meeting, with Richard A. Navarre poised to take over as Chair of the Board. The company has also revealed that James N. Chapman will retire as lead independent director. These strategic moves are aimed at strengthening the company’s leadership and ensuring a smooth transition.
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