Two New Independent Members – Joanna
Baker de Neufville and Michael
Gorzynski – to Join the Board in January 2023
BRISTOL,
Tenn., Dec. 1, 2022 /PRNewswire/ -- Alpha
Metallurgical Resources, Inc. (NYSE: AMR) ("Alpha" or the
"Company"), a leading U.S. supplier of metallurgical products for
the steel industry, today announced the upcoming appointments of
Joanna Baker de Neufville and
Michael Gorzynski to the Company's
Board of Directors (the "Board"), effective January 1, 2023. The Company previously announced
that Andy Eidson will also join the
Board upon assuming the chief executive officer role on
January 1, 2023.
Upon the appointments of the three new directors, the Board will
temporarily expand to 10 members through next year's Annual Meeting
of Stockholders (the "Annual Meeting"). The Board is expected to
contract to nine members following the 2023 Annual Meeting and is
expected to remain at that size through at least the 2024 Annual
Meeting.
"We are pleased to welcome Joanna and Michael to the Board, and
we look forward to benefitting from their skills and experience,"
said David Stetson, Alpha's chair
and chief executive officer. "Joanna brings deep expertise in areas
such as finance, mergers and acquisitions, and strategic planning.
Michael, who is a major stockholder of Alpha, possesses significant
knowledge of capital allocation, corporate governance and
transactions. Alpha remains committed to bringing together a group
of directors with the right mix of experience, skills and
backgrounds to continue creating stockholder value. I am confident
that Joanna and Michael will enhance our Board, and I look forward
to working with them both."
Ms. Baker de Neufville has been appointed, effective upon
joining the Board, to the audit committee and the safety, health
and environmental committee and, Mr. Gorzynski has been appointed
to the compensation committee and the nominating and corporate
governance committee.
Additionally, Alpha announced the company's slate of director
candidates for the 2023 Annual Meeting. The following individuals
will be nominated to serve as directors: Kenneth S. Courtis, Andy
Eidson, Albert E. Ferrara,
Jr., Elizabeth Fessenden,
Michael Gorzynski, Joanna Baker de Neufville, Michael J. Quillen, Danny Smith and David J.
Stetson.
Current director Scott Vogel has
elected not to stand for election at the 2023 Annual Meeting.
Stetson commented: "On behalf of the entire Board, I want to
thank Scott for his service as a director. He has been a valued
colleague and contributor during an important, successful, and
record-setting timeframe in Alpha's history. We look forward to
continuing to serve alongside Scott until the 2023 Annual Meeting,
and at that time we will wish him well as he leaves the Board."
Director Biographies
Joanna Baker de Neufville
is a principal of the investment fund De Neufville and Company,
L.P., where she oversees the firm's investment portfolio. Prior to
joining De Neufville & Company in 2020, she worked for three
years as a strategy consultant. Prior to that, she served as chief
operating officer and chief financial officer of the Tamara Mellon
Brand. Before that, Ms. Baker de Neufville co-founded and was chief
executive officer of HealthLeap, an online medical portal, which
she sold in 2011. Ms. Baker de Neufville began her career in the
equities division at Goldman Sachs. She received an MBA from
Harvard Business School and a BA from
Dartmouth College. She serves as a
board member of The Society of Memorial Sloan Kettering Cancer
Center and The Roxiticus Foundation.
Michael Gorzynski is the
founder and managing partner of MG Capital Management, a
significant shareholder of Alpha. He also serves as executive
chairman of Continental General Insurance Company. Prior to forming
MG Capital Management in 2011, Mr. Gorzynski was an investor in
special situations globally at Third Point LLC. Earlier in his
career, he worked in investment banking at Credit Suisse First
Boston and Spectrum Equity Investors. He received an MBA from
Harvard Business School and a BA from
The University of California,
Berkeley.
About Alpha Metallurgical
Resources
Alpha Metallurgical Resources (NYSE: AMR) is a Tennessee-based mining company with operations
across Virginia and West Virginia. With customers across the
globe, high-quality reserves and significant port capacity, Alpha
reliably supplies metallurgical products to the steel industry. For
more information, visit www.AlphaMetResources.com.
Forward-Looking
Statements
This press release includes forward-looking
statements. These forward-looking statements are based on
Alpha's expectations and beliefs concerning future events and
involve risks and uncertainties that may cause actual results to
differ materially from current expectations. These factors are
difficult to predict accurately and may be beyond Alpha's
control. Forward-looking statements in this press release or
elsewhere speak only as of the date made. New uncertainties
and risks arise from time to time, and it is impossible for Alpha
to predict these events or how they may affect Alpha. Except
as required by law, Alpha has no duty to, and does not intend to,
update or revise the forward-looking statements in this press
release or elsewhere after the date this release is issued. In
light of these risks and uncertainties, investors should keep in
mind that results, events or developments discussed in any
forward-looking statement made in this press release may not
occur.
INVESTOR & MEDIA CONTACT: EMILY O'QUINN
InvestorRelations@AlphaMetResources.com
CorporateCommunications@AlphaMetResources.com
(423) 573-0369
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SOURCE Alpha Metallurgical Resources, Inc.