Siegel steps down as Bowie Resource chairman
Bowie Resource Partners LLC, a portfolio company of Galena Private Equity Resources Fund, said April 12 that John J. Siegel, its founder and chairman, will become non-executive chairman. Gene DiClaudio was appointed CEO and Carlos Pons, a Board member of Bowie, has been appointed co-CEO alongside DiClaudio. Galena Private Equity Resources Fund is also providing a capital injection that will allow Bowie to settle outstanding payments, including a termination fee owed to Peabody Energy Corp. Bowie Resource, of Louisville, Kentucky, is a bituminous coal producer.
13 April 2017•3 mins read
