SunCoke Names New Chief Financial Officer
10/23/2014 - SunCoke Energy Inc. and SunCoke Energy Partners L.P. announced that Fay West has been promoted to senior vice president and chief financial officer of both companies, reporting directly to Fritz Henderson, SunCoke’s chairman and chief executive officer.
“Fay’s appointment as our new CFO demonstrates my confidence in her and in the bench strength at SunCoke,” said Henderson. “Fay has been a leader in SunCoke’s finance organization through our separation from Sunoco, the formation of SXCP and in building a team defined by excellence.”
“Today’s changes do not alter our strategic vision for the company,” said Henderson. “We will continue to focus on our priorities to sustain a high level of operations excellence, pursue our plans to drop down our domestic coke assets to SXCP, exit the coal mining business and allocate capital to optimize shareholder value.”
Mark E. Newman, senior vice president and chief financial officer, has accepted the position of senior vice president and chief financial officer of DuPont’s new Performance Chemicals Company.
Henderson thanked Mark Newman saying, “Mark has been a strategic thought leader and partner for me and the executive management team since joining SunCoke in March 2011. I want to thank Mark for his contributions and wish him the best in his future endeavors.”
SunCoke Energy Inc. is the largest independent producer of coke in the Americas, with 50 years of experience supplying coke to the integrated steel industry. Our advanced, heat-recovery cokemaking process produces high-quality coke for use in steelmaking, typically captures waste heat for derivative energy resale and meets or exceeds environmental standards. Our U.S. cokemaking facilities are located in Virginia, Indiana, Ohio and Illinois. Outside the U.S., we have cokemaking operations in Vitoria, Brazil and Odisha, India. Our coal mining operations, which have more than 110 million tons of proven and probable reserves, are located in Virginia and West Virginia. In addition, through our 56 percent ownership of SXCP, we have an interest in SXCP's coal logistics business, which has the collective capacity to blend and transload more than 30 million tons of coal annually.
