Peabody And Elliott Management Enter Into Agreement; New Members To Be Appointed To Board Of Directors

ST. LOUIS, Feb. 5, 2020 /PRNewswire/ — Peabody (NYSE: BTU) announced today that it will appoint several new members to the company’s Board of Directors in conjunction with the February Board meeting, including Elliott Management Equity Partner Dave Miller, Elliott Management Portfolio Manager Samantha Algaze and tenured coal industry executive Darren Yeates. Peabody and Elliott have also agreed to add a fourth independent director with extensive mining operations experience, to be jointly identified by Peabody and Elliott. The company will also nominate each of the new directors, along with all current directors, for a full one-year term at the company’s upcoming annual meeting of shareholders in May.