Massey Energy Co. Chief Executive Officer Don Blankenship will retire as of Dec. 31, the company said in an e-mailed statement. Massey President Baxter F. Phillips Jr . will succeed him as CEO, the company said.
Massey Energy Co. Chief Executive Officer Don Blankenship , whose company is under investigation because of the April 5 explosion at the Upper Big Branch that took 29 lives, said today he has no plans to resign and denied his management style contributed to the disaster.
Massey Energy Co. “does not game the system” by appealing U.S. safety citations to delay enforcement action, Chief Executive Officer Don Blankenship said in his first appearance before Congress since the explosion at a company coal mine killed 29 workers.
Don Blankenship, chief executive officer of Massey Energy Co., isn’t personally responsible for the April explosion that killed 29 miners at its Performance Coal unit and should be dropped from two widows’ lawsuits, his lawyer argued in court.
Massey Energy Co. ’s management believed government officials, including President Barack Obama , conspired to destroy the coal producer, according to unsealed court records in a case related to a fatal mine accident.
Massey Energy Co., the largest coal producer in central Appalachia, was sued by a pension fund over claims that directors’ failure to address poor safety conditions led to this month’s accident that killed 29 miners.