Canonsburg-based CONSOL Energy, a producer and exporter of high-Btu bituminous thermal coal and metallurgical coal, recently promoted Chief Financial Officer Mitesh B. Thakkar to the position of president.
The promotion is part of the company’s long-term succession plans.
Thakkar will maintain the position of chief financial officer. In addition, he will lead the teams responsible for strategy and business development, environment and sustainability, and sales and marketing.
“Today’s announcement reflects the confidence that the board and I have in Mitesh’s leadership and his ability to play a broader and more strategic role in the future growth of CONSOL,” Jimmy Brock, CONSOL Energy CEO, said. “Since becoming CONSOL’s chief financial officer in 2020, Mitesh has helped steer the company through a very challenging period of COVID-related shutdowns and significant deterioration of business outlook while capitalizing on the subsequent recovery. He orchestrated our plan to de-lever our balance sheet by reducing our outstanding net debt by 83 percent, played a key role in the merger transaction with CONSOL Coal Resources LP, and created significant financial flexibility by opportunistically identifying new sources of capital in a challenging industry.”
CONSOL Energy owns and operates the Pennsylvania Mining Complex in the Northern Appalachian Basin and the Itmann Mine in the Central Appalachian Basin.