SunCoke Energy, Inc. Announces Management Changes, Effective January 1, 2023
December 12, 2022 at 07:00 am EST
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The Board of Directors of SunCoke Energy, Inc. unanimously announced Katherine T. Gates, age 46, to the position of President of the Company effective January 1, 2023, and as a member of the Board effective as of the same date. Mr. Michael G. Rippey, the Company's current President and Chief Executive Officer, will continue to serve as Chief Executive Officer from the date of Ms. Gates' promotion to President. Ms. Gates joined the Company in February 2013.
She has been a member of the Company's senior leadership team since 2015, when she was appointed as Senior Vice President, General Counsel and Chief Compliance Officer, and she has held various positions of increasing responsibility since then, including her current role as the Company's Senior Vice President, Chief Legal Officer and Chief Human Resources Officer, since 2019. In addition, from October 2015 through June 2019, she served as a director on the board of SunCoke Energy Partners GP LLC, the general partner of SunCoke Energy Partners, L.P., the Company's former publicly traded master limited partnership subsidiary. Ms. Gates began her legal career in private practice as a Partner at Beveridge & Diamond, P.C., where she served on the firm's Management Committee, addressing budget, compensation, commercial, and other issues.
Ms. Gates will stand for election at the Company's 2023 Annual Meeting of Stockholders. As an employee of the Company, Ms. Gates will not serve on any independent Board committees and, consistent with the Company's director compensation policies, she will receive no additional compensation for services as a director.
SunCoke Energy, Inc. is an independent producer of coke. The Companyâs segments include Domestic Coke, Brazil Coke, and Logistics. The Domestic Coke segment consists of coke making facilities and heat recovery operations at its Jewell, Indiana Harbor, Haverhill, Granite City and Middletown plants. The Brazil segment consists of coke making operations located in Vitoria, Brazil, where it operates the ArcelorMittal Brazil coke making facility for a Brazilian subsidiary of ArcelorMittal S.A. The Logistics segment consists of Convent Marine Terminal (CMT), Kanawha River Terminal (KRT) and SunCoke Lake Terminal (Lake Terminal). Its terminals act as intermediaries between its customers and end users by providing transloading and mixing services. CMT is located in Convent, Louisiana, with access to seaborne markets for coal and other industrial materials. The terminal provides loading and unloading services and has direct rail access.