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QUIN AND ZIESLER ELECTED TO ASHLAND COAL BOARD; PAYNE ELECTED CHAIRMAN OF ASHLAND COAL BOARD

 QUIN AND ZIESLER ELECTED TO ASHLAND COAL BOARD;
 PAYNE ELECTED CHAIRMAN OF ASHLAND COAL BOARD
 HUNTINGTON, W.Va., April 24 /PRNewswire/ -- J. Marvin Quin and Michael G. Ziesler were elected to the board of directors of Ashland Coal, Inc. (NYSE: ACI) at the annual meeting of stockholders held on Friday, April 24, at the company's headquarters in Huntington.
 Quin, 44, is senior vice president and chief financial officer of Ashland Oil, Inc.
 Ziesler, 48, is a member of the board of managing directors of Saarbergwerke, A.G., a coal mining, coal trading and electric generating company owned by the Federal Republic of Germany and the State of Saarland, Germany.
 In the board of directors meeting following the stockholders meeting, William C. Payne was elected to the additional office of chairman of the board of directors. Payne has served as president and chief executive officer of Ashland Coal since November 1987. He replaces as chairman Paul W. Chellgren who was recently elected president and chief operating officer of Ashland Oil, Inc. Chellgren will remain a member of the board and executive committee.
 Paul H. Buckholz was elected treasurer of Ashland Coal, Inc. Buckholz formerly served as director of treasury operations.
 Ashland Coal, Inc., is engaged in the mining, processing and sale of low-sulfur coal, and markets its coal principally to electric utilities in the eastern United States and into the export markets.
 Ashland Coal is owned by Ashland Oil, Inc. (NYSE: ASH) - 41 percent; public - 39 percent; Saarbergwerke A.G. - 12 percent; and Carboex, a subsidiary of a coal supply firm controlled by a Spanish state-owned corporation - (8 percent).
 -0- 4/24/92
 /CONTACT: David G. Todd of Ashland Coal, 304-526-3755/
 (ACI ASH) CO: Ashland Coal, Inc.; Ashland Oil, Inc. ST: West Virginia IN: MNG SU: PER


CD-AL -- PG012 -- 2581 04/24/92 15:03 EDT
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Publication:PR Newswire
Date:Apr 24, 1992
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