The
following press release was distributed by Patriot Coal Corporation on July 2,2008.
NEWS
RELEASE
CONTACT:
Janine
Orf
(314)
275-3680
FOR
IMMEDIATE RELEASE
K. SUSAN BILLIOT JOINS PATRIOT
COAL
AS SENIOR VICE PRESIDENT OF HUMAN
RESOURCES
ST.
LOUIS, July 2 – Patriot Coal Corporation (NYSE: PCX) today announced that
K. Susan Billiot has been named Senior Vice President of Human Resources,
effective July 15. In this role, she will be responsible for all
human resource functions, including employee relations, compensation, benefits
and organizational development.
Ms.
Billiot has 15 years of experience leading human resources functions in
publicly-traded organizations. Most recently, she served as Vice
President of Human Resources for SYSCO Corporation. She previously
held leadership roles in human resources at Darden Restaurants and Continental
Airlines.
“Susan brings to
Patriot important experience in employee relations and retention, recruitment,
compensation and recognition programs. Following the completion of
our pending acquisition of Magnum Coal, these skills will be invaluable as we
prepare to integrate our workforces. Particularly with the tight
labor market in the regions in which we operate, employee retention and being
the employer of choice are key to successfully managing our business,” said
Patriot Chief Executive Officer Richard M. Whiting.
Billiot holds a
Master of Science degree in Human Resources and a Bachelor of Science degree in
Business Administration from the University of South Carolina.
About
Patriot Coal
Patriot Coal
Corporation (the “Company”) is a leading producer and marketer of coal in the
eastern United States, with ten Company-operated mines and numerous
contractor-operated mines in Appalachia and the Illinois Basin. The
Company ships to electric utilities, industrial users and metallurgical coal
customers, and controls approximately 1.3 billion tons of proven and probable
coal reserves. The Company’s common stock trades on the New York
Stock Exchange under the symbol PCX.
1
Important
Information for Stockholders
The
Company has filed Amendment No. 2 to its Registration Statement on Form S-4 (the
“Registration Statement”) with the Securities and Exchange Commission (the
“SEC”) in connection with the proposed issuance of Company common stock in the
transaction with Magnum Coal Company (“Magnum”) that includes a definitive proxy
statement/prospectus. Investors and stockholders are urged to read
the definitive proxy statement/prospectus and any other relevant documents filed
with the SEC because they contain important information about the proposed
issuance. Investors and stockholders may obtain these documents free
of charge at the website maintained by the SEC at www.sec.gov. In
addition, documents filed with the SEC by the Company are available free of
charge by contacting investor relations by phone at 314-275-3680, in writing to
Janine A. Orf, Director of Investor Relations, or by email to
jorf@patriotcoal.com.
This communication
shall not constitute an offer to sell or the solicitation of an offer to buy
securities, nor shall there be any sale of securities in any jurisdiction in
which such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of such jurisdiction.
The
Company, Magnum and certain of their respective directors, executive officers
and other members of management and employees may be deemed to be participants
in the solicitation of proxies from the stockholders of the Company in
connection with the proposed issuance. Information about the
Company’s directors and executive officers is set forth in the Company’s Annual
Report on Form 10-K for the year ended December 31, 2007 filed with the SEC on
March 14, 2008 and in the proxy statement for the Company’s 2008 annual meeting
of stockholders filed by the Company with the SEC on April 7,2008. Additional information regarding the potential participants in
the proxy solicitation and information regarding the interests of such potential
participants is included in the definitive proxy statement/prospectus and the
other relevant documents filed with the SEC.
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2
Dates Referenced Herein and Documents Incorporated by Reference
