Bob Murray retires as chairman of ACNR Holdings
ST. CLAIRSVILLE — Late Monday, Robert Murray, longtime president and CEO of Murray Energy Corp., announced his retirement as chairman of the board of directors of American Consolidated Natural Resource Holdings Inc.
A new company, ACNR Holdings was formed to acquire the former Murray Energy Corp. when it emerged from bankruptcy several months ago. Murray served as its first chairman after agreeing to step down from his roles at Murray Energy as part of the bankruptcy process.
In a release, Murray describes himself as a “coal miner, mining engineer, company founder, job creator, and philanthropist.” Prior to bankruptcy Murray Energy was the largest independent coal mining operation in the nation.
“Throughout my life in and about coal mines and in our industry, I have given all that I had to our employees and their families to sustain their family livelihoods and jobs for the hardworking people in our mining communities,” Murray said. “I tried to put my faith and our families first so that we could build the best possible coal company in Murray Energy Corp. …
“As the acquirer of substantially all of Murray Energy’s assets, ACNR is the best positioned thermal and metallurgical coal company in the world to confront the current threats to reliable, low-cost, fossil-fueled electricity.”