Google Website Translator Gadget

Thursday, May 12, 2011

Arch Coal establishes Asia Pacific subsidiary

Thursday, 12 May 2011

Arch Coal, Inc announced that it has established a new subsidiary, Arch Coal Asia Pacific Pte Ltd and named Renato Paladino president.

Mr Steven F Leer Arch's chairman and chief executive officer said that "Countries in the Asia Pacific region are leading a coal market supercycle, With an expanded presence in the Asia-Pacific region, Arch Coal expects to extend its reach and seize new market opportunities as developing countries demand more and more energy."

Paladino will be responsible for Asia Pacific regional business development, marketing and sales of thermal and metallurgical products, and regional supply chain expansion for the company. The new office will be located in Singapore. Mr Paladino will report to Arch's president and chief operating officer Mr John W Eaves.

Mr Eaves said that "Renato brings a proven track record and an advantageous blend of marketing, technical and business development skills to Arch's global sales efforts. We look forward to Renato's leadership as we expand our participation in the high-growth Asia-Pacific market."

Most recently, Paladino served as chief marketing officer of Hancock Prospecting Pty, Ltd. in Brisbane, Australia, where he had ultimate responsibility for marketing coal and iron ore. Prior to joining Hancock, Paladino worked for Brazilian minerals company Vale between 1985 and 2009, serving most recently as global managing director of coal. During his 24 year tenure with Vale, he held various business positions in Brisbane, Shanghai, Brussels, Rio de Janeiro and Tokyo. (sourced steelguru)

No comments: