SCOTT DEPOT, W.Va. (AP) - International Coal Group shareholders have re-elected billionaire investor Wilbur Ross and Chief Executive Ben Hatfield to the mine operator's board.
ICG says shareholders also re-elected Wendy Teramoto at Wednesday's meeting in New York. All will serve three more years as directors. Ross' investment company, W.L. Ross & Co., owns approximately 24.5 million shares, or slightly more than 16 percent, of ICG and is the company's largest shareholder.
Based in Scott Depot, ICG has 12 mining complexes and controls approximately 960 million tons of coal reserves in Illinois, Kentucky, West Virginia, Maryland and Virginia. ICG's stock fell 47 cents, or 4.6 percent, to $9.65.
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Tuesday, August 12, 2008
International Coal shareholders re-elect billionaire, CEO
Posted by Jomar Hilario at 7:26 PM
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