Peabody Energy Promotes Michael C. Crews to Executive Vice President and Chief Financial...

Peabody Energy Promotes Michael C. Crews to Executive Vice President and Chief
Financial Officer

ST. LOUIS, June 19 /PRNewswire-FirstCall/ -- Peabody Energy (NYSE: BTU)
announced today that Michael C. Crews has been named Executive Vice President
and Chief Financial Officer, reporting to Chairman and Chief Executive Officer
Gregory H. Boyce.
Crews replaces Richard A. Navarre, who was named President and Chief
Commercial Officer in January 2008. Crews will be responsible for all
financial and accounting responsibilities, including treasury, insurance,
bonding, risk management, accounting, financial reporting, tax, planning,
forecasting, capital management and budgeting. Peabody's Senior Vice
President, Controller and Chief Accounting Officer; Senior Vice President and
Treasurer; and Vice President of Planning and Analysis will all report to
Crews.
"Mike is a tremendous talent, and with two decades of experience and 10
years at Peabody, he has been a key member of the team that has been
delivering extraordinary long-term shareholder value," said Boyce. "He will
provide valuable leadership as a member of the senior team as we continue to
expand globally, implement our growth plans and deliver record earnings and
cash flows."
Crews has nearly 20 years of financial experience and an extensive
background with Peabody. He joined Peabody in 1998 as Senior Manager of
Financial Reporting. He has served as Assistant Corporate Controller,
Director of Planning; Assistant Treasurer; and, most recently, Vice President
of Operations Planning. Prior to joining Peabody, Crews served for three
years in financial positions with MEMC Electronic Materials, Inc. and six
years at KPMG Peat Marwick in St. Louis. He has a Bachelor of Science degree
in Accountancy from the University of Missouri at Columbia and a Master of
Business Administration degree from Washington University in St. Louis.
Peabody Energy (NYSE: BTU) is the world's largest private-sector coal
company, with 2007 sales of 238 million tons and $4.6 billion in revenues. Its
coal products fuel approximately 10 percent of all U.S. electricity generation
and 2 percent of worldwide electricity.
CONTACT:
Vic Svec
(314) 342-7768

SOURCE Peabody Energy

Vic Svec of Peabody Energy, +1-314-342-7768