Friday, December 03, 2010
Don Blankenship Retiring
The Massey Energy Co. Board of Directors announced Friday that Massey chairman and CEO Don Blankenship has chosen to retire from the company, effective December 30th after holding the position since November 2000. He's been with the company since 1982. Baxter F. Phillips, President of Massey Energy, will succeed Blankenship as CEO. Phillips has been with the company since 1981. Admiral Bobby Inman, lead independent director for Massey, will succeed Blankenship as chairman. Inman has been a director with the company since 1985. Blankenship says he and Baxter have worked together for 28 years and he will provide the company great executive leadership. Massey has grown from 3,662 employees in 2000, to over 7,3000. With Blankenship as CEO and chairman, Massey's market capitalization rose from $758 million to about $5 billion.
# posted by Homer Owens @ 10:34 PM 
