LISLE, Ill., Dec. 5, 2019 /PRNewswire/ -- SunCoke Energy,
Inc. (NYSE: SXC) today announced that Martha Z. Carnes has been appointed to the Board
of Directors, effective immediately.
"We are very pleased to welcome Martha
Carnes to our Board as a new independent director," said
Mike Rippey, President and Chief
Executive Officer of SunCoke Energy, Inc. "Martha is an experienced
finance and public accounting executive with strategic planning,
managerial and leadership expertise, having led the design and
execution of market and sector strategies for clients in the
mining, utilities and energy industries. In addition, she
brings vast experience with capital markets and financing
activities, having served as lead audit partner on some of the
largest merger and acquisition transactions completed in the energy
sector. We believe that Martha's substantial experience in business
development, finance and planning will prove very beneficial going
forward."
During the course of her career, Ms. Carnes has served in
various senior roles at Pricewaterhouse Coopers, or PwC (an
international accounting firm), including as: (i) Assurance Partner
serving large, publicly traded companies in the energy industry;
(ii) Managing Partner of PwC's Houston,
Texas office; and (iii) PwC's Energy and Mining leader for
the United States, where she led
the firm's energy and mining assurance, tax and advisory practices.
She currently serves as a director on the Supervisory Board
of Core Laboratories N.V., a Netherlands company (one of the world's
largest providers of reservoir description and production
enhancement services to the oil and gas industry), where she is
Chairman of the Audit Committee. She is also a director of Matrix
Service Company (a provider of design, engineering, construction,
repair and maintenance services to industrial and energy clients in
North America), where she Chairs
the Audit Committee and serves on the Compensation, and Nominating
and Corporate Governance committees.
"I am very happy to be joining SunCoke's Board at this exciting
and challenging stage of the Company's development," said Ms.
Carnes. "I look forward to working with Mike and the rest of the
Board to help position SunCoke for growth and create
value-enhancing opportunities for our shareholders."
ABOUT SUNCOKE ENERGY, INC.
SunCoke Energy, Inc. (NYSE: SXC) supplies high-quality coke to
the integrated steel industry under long-term, take-or-pay
contracts that pass through commodity and certain operating costs
to customers. We utilize an innovative heat-recovery
cokemaking technology that captures excess heat for steam or
electrical power generation. Our cokemaking facilities are located
in Illinois, Indiana, Ohio, Virginia and Brazil. We have more than 55 years of
cokemaking experience serving the integrated steel industry. In
addition, we provide export and domestic material handling services
to coke, coal, steel, power and other bulk and liquids customers.
Our logistics terminals have the collective capacity to mix and
transload more than 40 million tons of material each year and are
strategically located to reach Gulf Coast, East Coast, Great Lakes
and international ports. To learn more about SunCoke Energy, Inc.,
visit our website at www.suncoke.com.
FORWARD-LOOKING STATEMENTS
Some of the statements included in this press release constitute
"forward-looking statements" (as defined in Section 27A of the
Securities Act of 1933, as amended and Section 21E of the
Securities Exchange Act of 1934, as amended). Forward-looking
statements include all statements that are not historical facts and
may be identified by the use of such words as "believe," "expect,"
"plan," "project," "intend," "anticipate," "estimate," "predict,"
"potential," "continue," "may," "will," "should" or the negative of
these terms or similar expressions. Forward-looking
statements are inherently uncertain and involve significant known
and unknown risks and uncertainties (many of which are beyond the
control of SXC) that could cause actual results to differ
materially.
Such risks and uncertainties include, but are not limited to
domestic and international economic, political, business,
operational, competitive, regulatory and/or market factors
affecting SXC, as well as uncertainties related to: pending
or future litigation, legislation or regulatory actions; liability
for remedial actions or assessments under existing or future
environmental regulations; gains and losses related to acquisition,
disposition or impairment of assets; recapitalizations; access to,
and costs of, capital; the effects of changes in accounting rules
applicable to SXC; and changes in tax, environmental and other laws
and regulations applicable to SXC's businesses.
Forward-looking statements are not guarantees of future
performance, but are based upon the current knowledge, beliefs and
expectations of SXC management, and upon assumptions by SXC
concerning future conditions, any or all of which ultimately may
prove to be inaccurate. The reader should not place undue
reliance on these forward-looking statements, which speak only as
of the date of this press release. SXC does not intend, and
expressly disclaims any obligation, to update or alter its
forward-looking statements (or associated cautionary language),
whether as a result of new information, future events or otherwise
after the date of this press release except as required by
applicable law.
In accordance with the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995, SXC has included in its
filings with the Securities and Exchange Commission cautionary
language identifying important factors (but not necessarily all the
important factors) that could cause actual results to differ
materially from those expressed in any forward-looking statement
made by SXC. For information concerning these factors, see
SXC's Securities and Exchange Commission filings such as its annual
and quarterly reports and current reports on Form 8-K, copies of
which are available free of charge on SXC's website at
www.suncoke.com. All forward-looking statements included in
this press release are expressly qualified in their entirety by
such cautionary statements. Unpredictable or unknown factors
not discussed in this release also could have material adverse
effects on forward-looking statements.
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SOURCE SunCoke Energy, Inc.