Foundation Coal Announces Two Key Staff Appointments For Business Development.LINTHICUM HEIGHTS, Md. -- Foundation Coal Holdings, Inc. (NYSE NYSE See: New York Stock Exchange :FCL FCL Facility (Security) Clearance FCL Full Container Load FCL Framework Class Library (Microsoft .NET) FCL Fault Current Limiter FCL Forecastle (ship's hull) ) announced the expansion of its core Business Development group with two appointments, effective January 1, 2007. Brian L. Miller will assume the role of vice president business development, and Jeffrey D. Mueller will serve as manager business development. Miller will report to James A. Olsen, senior vice president of development and information technology and Mueller will report to Miller. In his new role, Miller will be responsible for determining the potential and feasibility of investment opportunities regarding acquisitions, new ventures, investments in properties and technologies, and other corporate development initiatives. He will play an integral part in identifying and implementing company growth strategies. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Miller, "I am excited about the opportunity to use my financial and strategic background in the mining and energy industries to make a significant contribution to Foundation Coal's growth program. Although relatively young as a public entity, Foundation has successfully demonstrated the ability to leverage its operational strengths in conjunction with a commitment to making disciplined investment decisions. I envision strong acceptance by the financial community of the company's initiatives in coal and coal-related technologies." An industry veteran with 20 years of experience, Miller is transitioning from his prior role as a consultant to Foundation Coal since June 2006. Prior to this he held the position of vice president of finance and acquisitions for DTE (Data Terminating Equipment) A communications device that is the source or destination of signals on a network. It is typically a terminal or computer. Contrast with DCE. DTE - Data Terminal Equipment Coal Services located in Ann Arbor, Michigan “Ann Arbor” redirects here. For other uses, see Ann Arbor (disambiguation). Ann Arbor is a city in the U.S. state of Michigan and the county seat of Washtenaw County. . Prior to that he worked as Director of Business Development for Cyprus Amax Minerals Company and Cyprus Amax Coal Company and worked in various capacities in business development, planning and finance for The Pittston Company. Miller earned an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration in Finance and Accounting from Columbia University Columbia University, mainly in New York City; founded 1754 as King's College by grant of King George II; first college in New York City, fifth oldest in the United States; one of the eight Ivy League institutions. , a Master of Public Policy degree from the University of California The University of California has a combined student body of more than 191,000 students, over 1,340,000 living alumni, and a combined systemwide and campus endowment of just over $7.3 billion (8th largest in the United States). and received a Bachelors degree from Columbia College Columbia College: see Columbia University. in Urban Studies/Political Science. Mueller's new position will focus on the implementation of overall business development initiatives while providing a full breadth of expertise in engineering and operational assessments. Mueller has amassed 31 years of mining engineering experience. Most recently he served at Foundation Coal affiliate, Warrick Holding Company as manager operations, idle properties conducting oversight for the final reclamation and property development related to the former Ayrshire and Delta mines. He joined Amax Coal Company in 1976 as a resident engineer in training and worked in various engineering positions within the company at locations in Indiana and Illinois. Mueller earned an MBA in Operations Management Operations management is an area of business that is concerned with the production of goods and services, and involves the responsibility of ensuring that business operations are efficient and effective. from Indiana University's Indianapolis campus and holds a Bachelors of Science in Civil Engineering from the Rose Hulman Institute of Technology. "I am very pleased to announce these two appointments," stated Jim Olsen. "Brian and Jeff's experience in the coal industry will serve to support Foundation Coal's corporate growth as the company proceeds with a vigorous program to identify both traditional and forward-looking business opportunities." Foundation Coal Holdings, Inc., through its affiliates, is a major U.S. coal producer with 14 coal mines and related facilities in several states including Pennsylvania, West Virginia, Illinois, and Wyoming. Through its subsidiaries, Foundation Coal employs approximately 3,000 people and produces approximately 70 million tons annually, largely for utilities generating electricity. Foundation's corporate offices are in Linthicum Heights, MD. |
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