Ramaco Announces New Leadership Structure to Accelerate Growth
To facilitate this growth, Ramaco has made several personnel changes within its finance and operations groups.
In its finance and accounting group, Ramaco has realigned its senior team to include three Executive Vice Presidents (EVP) who will oversee various inter-related and overlapping aspects of its financial affairs:
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Scott Spears has been promoted to serve as an EVP for Planning and Analysis. He will oversee all external audit and public reporting activities, as well as IT and general financial and investment modeling. - John Marcum will now focus on internal production accounting and all mine related financial matters as EVP for Production.
- Jeremy Sussman will continue as EVP and Chief Financial Officer to oversee all general accounting and finance. He will also focus more on investor relations as well as our new and expanded development projects.
In its mining and operations group Ramaco has shifted operational responsibilities among its senior executive mining team in order to manage its expanding coal operations in the East as well as the emerging critical mineral development project in the West:
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Paul Horn will be promoted to EVP for Mine Operations and assume day to day, on the ground responsibility for mine activities in the East. -
Chris Blanchard will become EVP for Mine Planning and Development. He will oversee the execution and planning of all new coal production and infrastructure in the East. His new role will also include the development of the rare earthBrook Mine inWyoming and its related processing and refining infrastructure to support Ramaco's critical mineral production. -
Toby Edwards will continue as an SVP to oversee the development of the company'sMaben property inSouthern West Virginia , acquired in 2022.
"We are rapidly growing not only in terms of numbers of employees and production, but also direction. To process all of this expansion, we are continually refining how we manage, staff, and assign responsibilities," said
Earlier this year, Ramaco initiated its leadership restructuring with the hiring of four new additions to its executive team.
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