SOURCE: Walter Energy

Walter Energy

March 03, 2010 16:09 ET

Walter Energy Names Michael T. Madden to Sr. Vice President - Sales & Marketing Post

TAMPA, FL--(Marketwire - March 3, 2010) -  Walter Energy (NYSE: WLT), a leading U.S. producer and exporter of premium metallurgical coal for the global steel industry, announced today that Michael T. Madden has been promoted into the role of sr. vice president - sales & marketing for the Company. Madden has been with the Company for 13 years, most recently serving as vice president - marketing, transportation and quality control for the Company's primary subsidiary, Jim Walter Resources.

"Mike is one of the leading coal marketers in the world and we are pleased to reward his performance, which has been critical to our success over the past several years, with this important promotion," said Walter Energy Chief Executive Officer Victor P. Patrick. "We welcome him to our senior team and look forward to his continued contributions as we continue to grow our premium coking coal enterprise."

Prior to joining Walter Energy, Madden held various management positions in the coal industry for both the domestic and export markets from 1974 through 1996. 

He is a member of the National Mining Association; the Alabama Coal Association; the Coal Trade Association of New York; and has served as a Director of the Coal Exporters Association.

He holds a Bachelor's Degree in marketing from St. Bonaventure University in Olean, NY.

About Walter Energy
Walter Energy is a leading U.S. producer and exporter of premium hard coking coal for the global steel industry and also produces steam coal and industrial coal, metallurgical coke and coal bed methane gas. The Company has revenues of approximately $1.0 billion and employs approximately 2,100 people. For more information about Walter Energy, please visit the Company Web site at www.walterenergy.com.

WLT