HOUSTON, Aug. 8, 2017 /PRNewswire/ -- Natural
Resource Partners L.P. (NYSE: NRP) announced that
Wyatt L. Hogan, NRP's President and
Chief Operating Officer, has resigned effective August 8, 2017. Craig W. Nunez, NRP's Chief Financial Officer
and Treasurer, will succeed Mr. Hogan as President and Chief
Operating Officer, and Christopher J. Zolas, NRP's Chief Accounting
Officer, will succeed Mr. Nunez as NRP's Chief Financial Officer
and Treasurer.
Mr. Hogan joined NRP in 2003 as Vice President and General
Counsel, and he has served as President since 2014. Over the
years, Mr. Hogan has overseen NRP's diversification efforts and
strategic planning and most recently, led NRP through completion of
the recapitalization transactions that strengthened NRP's balance
sheet. Mr. Hogan will remain an employee of Quintana Minerals
Corporation and continue to provide services to NRP as necessary to
ensure a seamless transition.
"I am confident that I leave my management role with NRP being
well-positioned for the future," said Mr. Hogan. "It was
important to me to see NRP through the transformative transactions
completed in March, and with another strong quarter reported today,
NRP has a bright future. I'd like to thank everyone on the
NRP team for their hard work and friendship over the last 14 years,
and I look forward to continuing to work with them in a reduced
capacity."
"I would like to thank Wyatt for his dedication and service to
NRP and the Robertson family for so many years," said Corbin J. Robertson, Jr., NRP's Chairman and
Chief Executive Officer. "Under Wyatt's leadership, NRP
expanded its business into soda ash and construction aggregates and
successfully navigated the worst coal markets downturn in
decades. Wyatt hands over the reins after repositioning NRP
for future growth and long-term unitholder value creation. He
has been a friend and mentor to everyone at the company, and NRP
and its Board of Directors wish him all the best in the next stage
of his career.
"We also look forward to the next phase of leadership at NRP
under Craig Nunez. Craig's
experience both prior to and since joining NRP in 2015 will enable
him to see NRP down its strategic path."
Company Profile
Natural Resource Partners L.P., a master limited
partnership headquartered in Houston, TX, is a diversified
natural resource company that owns interests in coal, aggregates,
and industrial minerals across the United States. A
large percentage of NRP's revenues are generated from royalties and
other passive income. In addition, NRP owns an equity
investment in Ciner Wyoming, a trona/soda ash operation and a
construction aggregates company.
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SOURCE Natural Resource Partners L.P.