Drummond Company, Inc. appoints new CEO and new Chairman of the Board

July 21, 2016

BIRMINGHAM, ALABAMA – – – Drummond Company, Inc. announced that Mr. Mike Tracy, former President of Mining, has been named the new Chief Executive Officer of the company. Further, Dr. Mike Drummond, Mr. Garry Neil Drummond’s son, has been appointed as the new Chairman of the Board. The appointments are effective immediately.

Drummond Company, Inc. honors, acknowledges and celebrates Mr. Garry Drummond for his irreplaceable contributions toward building and sustaining an extraordinary company for over 50 years. Prior to his passing, Mr. Drummond formulated a detailed succession plan for the leadership of the company that was implemented yesterday.

Mike Tracy and the rest of Drummond’s talented management team will be supported by a renewed, nuclear and nimble Board of Directors designed to provide management with direction on strategic and critical issues.

Mr. Tracy has 43 years of mining experience, with more than 35 years with Drummond Company, and has held various positions in the company during that time. He holds a BS in Mineral Engineering and an MBA from the University of Alabama.

“I am honored to have been appointed as Drummond Company’s new CEO. Mr. Drummond’s vision and leadership established Drummond as a global leader in coal, coke production and marketing, along with real estate development.  He left a great legacy.  Along with our outstanding management team and a massive group of loyal, dedicated associates, I am committed to continue driving and executing our growth strategy into this next chapter of the company,” said Mike Tracy.

Along with Dr. Mike Drummond’s appointment as the new Chairman of the Board, John Drummond, Sr., Dan Davidson, Tom Davidson, Mark Drummond, Beth Stukes, John Davidson, Ed Drummond, and Mike Tracy have also been named as members of the Board.

Dr. Mike Drummond expressed confidence in the new board and direction of the company. “These individuals are of high moral character, sound judgment, and have outstanding life skills. All board members except for Mike Tracy, are members of the Drummond family and are shareholders. Together with the management team at Drummond Company, we will guide Drummond into a new generation of prosperity and success,” said Dr. Drummond.

Dr. Drummond is a vascular surgeon at Princeton Baptist Medical Center, past Chairman of the Department of Surgery at Princeton and former board member and Chairman of the Board of Baptist Health Systems of Alabama. He fondly remembers tagging along with his father throughout his childhood on Saturdays to visit the mines and the employees whom his father referred to as “our people”.

John Howard Drummond, Sr. has worked for the Drummond Company for 55 years and has been a member of the Board of Directors for 20 years. John worked for many years in the purchasing department before becoming the Senior VP of Drummond Company. John served in the Navy for 4 years overseas and received a classification of E-5. He is a leader in his church and is the eldest surviving member of the Drummond family.

Dan Davidson is Senior VP and Director of Fixed Income for the Wealth Management Division of BBVA Compass.

Tom Davidson has a BS in Building Construction and a BS in Commerce and Business Administration and Real Estate Finance and has over 30 years of experience in financing commercial real estate at AmSouth, Compass, South Trust Wachovia and Regions. Before retiring he was Senior VP and Senior Risk Officer.

Mark Drummond has a PhD in Geology, taught at UAB and has since developed residential real estate, invested in commercial real estate and oil and gas ventures.

Beth Stukes holds a BS in Elementary Education with 16 years of experience in teaching.  She serves as a board member of the Walker Area Community Foundation, is a member of the Board of Trustees of Samford University, Co-Chair of the Because This Is Auburn Campaign (a billion dollar campaign), and is also a Board Member of the United Way of Central Alabama.

John Davidson has a BS in Electrical Engineering and an MBA. He retired in 2009 as Engineering Site Manager of Delphi Automotive Systems. Prior to that he held numerous management positions at Delphi and was involved in a variety of industrial processes. He has a wide array of expertise and is a Registered Professional Engineer.

Ed Drummond has a PhD in geochemistry and worked at Oak Ridge National Laboratory directing research programs for the United States Department of Energy before becoming a developer of residential and commercial real estate. Ed also worked for Drummond Company for 4 years as Executive Vice-President and Executive Assistant to the Chief Executive Officer of Drummond Company, Inc.

This Board brings an exemplary record of performance and experience in a wide variety of professions and backgrounds.