March 18 (Reuters) - Coal miner Peabody Energy Corp said on Thursday Chief Executive Officer Glenn Kellow would be leaving the company at the end of August, as part of a planned succession process.
Kellow, who joined the company in 2013 and was appointed president and CEO in 2015, will continue in his current role until a successor is appointed, Peabody said.
During Kellow's leadership, Peabody filed for bankruptcy protection in April 2016 after a sharp drop in coal prices left it unable to service its debt of around $10.1 billion. It emerged from bankruptcy in 2017. (reut.rs/3cPXSGs)
“Glenn led the company through very difficult times and has put in place a strong team moving forward,” Non-executive Chairman Bob Malone said in a statement.
Reporting by Arunima Kumar in Bengaluru; Editing by Aditya Soni