Chairman Arthur F. Anton said, We thank Mike for his outstanding service and substantial contributions to SunCoke. speaking on behalf of the Board. He considerably reinforced and reorganized the company during his time there, lowering SunCoke’s risk profile. Mike has been and continues to be a valuable member of our team. SunCoke’s record earnings and profitability, along with its culture of safety and honesty, are testaments to his enormous accomplishments.
Mr. Anton went on, After a thoughtful and well-executed succession planning process, the Board is pleased to announce Katherine’s promotion to Chief Executive Officer. With over ten years of executive experience at SunCoke, Katherine offers the Board invaluable knowledge in the areas of operations, commercial, strategic, legal, and environmental health and safety. She is an effective leader with a keen focus on execution. She is incredibly energetic and possesses the finest integrity.
Mr. Rippey said, He was extremely proud of all that our team has achieved, in reference to his time at SunCoke. We have produced substantial gains for our investors. All of our employees’ hard work, devotion, and creativity have contributed to our successes. We are blessed as a Company to have Katherine as my successor. He, along with the entire SunCoke team, is extremely confident in Katherine’s capacity to support our company and steer it toward future success.
Speaking about her recent appointment, Ms. Gates stated that she was appreciative of the board’s faith in her and that it was an honor for her to lead SunCoke as CEO, collaborating with our hardworking staff to create value for both the company and its investors.
Ms. Gates went on, saying, she was grateful for the benefit of learning from a mentor with over 40 years of experience in the steel industry. She expressed her gratitude for the time she and Mike had spent working together.
SunCoke Energy, Inc. provides both domestic and foreign consumers with premium coke. Most of our sales are under long-term take-or-pay contracts, and our coke is used in the blast furnace manufacturing of steel and the foundry production of casted iron. We also ship coke to foreign clients who are looking for premium products for their blast furnaces. Using cutting-edge heat-recovery technology, our process harvests surplus heat for the production of steam or electricity and leverages over 60 years of cokemaking expertise to run our facilities in Illinois, Indiana, Ohio, Virginia, and Brazil. Our logistics company serves bulk clients in the coke, coal, steel, power, and other industries by offering export and domestic material handling services. The logistics terminals are ideally situated to access the Great Lakes, East Coast, Gulf Coast, and international ports. Together, they have the capacity to mix and transload about 40 million tons of material annually. Please visit our corporate website’s Investors section to find out more about SunCoke Energy, Inc.
SunCoke often uses press releases, Securities and Exchange Commission filings, webcasts, public conference calls, and the Investors area of our corporate website to convey meaningful information to investors and the market. Material information could include the content that SunCoke publishes on its website. Therefore, in addition to regularly monitoring and reviewing the information that SunCoke puts on its website, investors and other interested parties are encouraged to follow SunCoke’s press releases, Securities and Exchange Commission filings, public conference calls, and webcasts.
