Message #10 From:
NewsBot Date: September 26, 2006 06:52:00 AM
FCL News Foundation Energy Sales Announces New VP of Trade - Suresh S. Iyer to Lead Physical Market Expansion
LINTHICUM HEIGHTS, Md.--(BUSINESS WIRE)--Foundation Energy Sales, Inc., an affiliate of Foundation Coal Holdings,
Inc. (NYSE:FCL) named Suresh Iyer as vice president, trade. Iyer will
report to Scott Pack, president, Foundation Energy Sales, Inc. and
senior vice president, Foundation Coal Corporation. As vice president,
trade, Iyer will serve as the trade department manager and will identify
growth opportunities for Foundation in the physical coal markets.
“With assets in four major U.S. coal regions,
our diversity in products and transportation enable us to position
Foundation Coal strategically in the global market place. Suresh brings
a wealth of experience and understanding that will be a great benefit to
Foundation as we expand our trading in the physical markets. I am very
pleased that Suresh has accepted our offer to join the Foundation team,”
Pack said.
Prior to coming to Foundation Energy Sales, Inc. Iyer held director and
manager positions with The Dayton Power and Light Company, PG&E National
Energy Group, New England Power Company. Iyer’s
industry experience spans 20 years.
“I am excited about joining the team at
Foundation Coal. I look forward to working with Energy Sales and the
trading team members to take advantage of market opportunities to ensure
the company’s strategic interests are actively
promoted,” stated Iyer.
Suresh earned a master of business administration degree from Babson
College, a Bachelor of Science degree in industrial technology from
Northeastern University and a Bachelor of Science degree in marine
engineering and naval architecture from Marine Engineering College.
Foundation Coal Holdings, Inc., through its affiliates, is a major U.S.
coal producer with 14 coal mines and related facilities in several
states including Pennsylvania, West Virginia, Illinois, and Wyoming.
Through its subsidiaries, Foundation Coal employs approximately 3,000
people and produces approximately 70 million tons annually, largely for
utilities generating electricity. Foundation's corporate offices are in
Linthicum Heights, MD.
