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ST. LOUIS (AP) - Arch Coal Inc., the nation's second-biggest coal company, announced Friday its board of directors approved a succession plan for top executives, with the company's chief executive officer taking the role of chairman of the board.
After Arch Coal's annual meeting April 28, President and Chief Executive Officer Steven Leer will be promoted to chairman and chief executive officer.
Leer will be assuming the chairman's seat from James Boyd, who will remain on the board of directors as lead director. Arch increased its board from 10 to 11 directors.
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