(EnergyAsia, March 9 2012, Friday) — US coal miner Peabody Energy has announced a new global organisational structure by creating geographic business units in the Americas, Australia and Asia to reflect the growing size and scope of the company’s global footprint.

The St Louis, Missouri-based company said the new organisation positions will handle amid unique geographic market conditions and opportunities through dedicated business unit teams to manage all aspects of the platform including safety, operations, marketing, project delivery and support functions.

With nearly 30 years of industry experience including 19 years with Peabody, Richard A. Navarre has been named President of the Americas.

He most recently was President and chief commercial officer and has held a number of other executive positions including chief financial officer.

The Brisbane-based President of Australia, Eric Ford has 41 years of international management experience, including 10 years managing the company’s Australian operations. He most recently served as Peabody’s executive vice president and chief operating officer.

Chris Hagedorn, President of Asia and Coal Trading, most recently served as Peabody’s Senior Vice President of Global Sales and Trading Support. He also has led the company’s supply chain management and business performance functions.

Peabody Energy chairman and CEO Gregory H. Boyce said the new organisation would advance the company’s focus on operational excellence, the integration of newly acquired assets, the delivery of organic growth projects, and capital discipline and deleveraging.

He said: “With our recent acquisition, the size of our global platform has grown significantly and reached a logical point to bring a greater business focus at geographic and market levels, while maintaining controls and key centralised functions at the corporate level.

“As the largest global pure-play coal investment, Peabody has a growing platform in Australia, multiple initiatives in Asia, an expanding coal trading business and the premier portfolio in the US.

“With major international and US operations and sales and trading activities, it is a natural evolution to refocus our resources and talents to deliver enhanced results across our global platform.”

Peabody achieved record financial results in 2011, including sales of 251 million tons of coal, US$8 billion of revenues and net profit of US$2.13 billion. Australia and the US contributed equally to the company’s earnings while plans are underway to expand initiatives in Asia.