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Corporate Governance

Leadership Team

Jim Grech

President and Chief Executive Officer

James (Jim) Grech has over thirty years of experience in the coal and natural resources industry. He joined the company in June 2021 as President and Chief Executive Officer and member of the company’s board of directors and the Executive Committee of the board.

Mr. Grech has substantial operational, commercial and financial experience in mining and other energy business operations, as well as extensive experience in utilities and capital markets.

Mr. Grech has held executive leadership roles throughout his career, most recently he served as Chief Executive Officer of Wolverine Fuels from 2018 to 2021. Other positions held include President of Nexus Gas Transmission, Chief Commercial Officer and Executive Vice President of Consol Energy and Vice President at DTE Energy. 

Mr. Grech is a board member of America’s Power, the National Mining Association and Blue Danube Incorporated and is a member of the Coal Industry Advisory Board of the International Energy Agency. He is an appointed member on the Surface Transportation Board (STB) Rail Energy Transportation Advisory Committee (RETAC).
Mr. Grech holds a master’s degree in business administration from the University of Michigan and a bachelor’s degree in electrical engineering from Lawrence Technological University. He also completed the executive development program of the Wharton Business School.

Patrick Forkin III

Chief Development Officer

Patrick Forkin is Chief Development Officer for Peabody. He leads global strategy, mergers and acquisitions, portfolio management, U.S. thermal coal sales and renewable energy development.

Mr. Forkin joined Peabody in 2010 and has served in a variety of roles. He has an extensive background in the energy industry, mergers and acquisitions and equity market research. Prior to joining Peabody, he was in senior leadership roles at a U.S. solar development company and boutique investment banking firms specializing in renewable and conventional energy research. Mr. Forkin began his career at Deloitte LLP.

Mr. Forkin holds a Bachelor of Science degree in Accountancy from the University of Illinois at Urbana-Champaign and is a Certified Public Accountant.

Jamie Frankcombe

President – Australian Operations

Jamie Frankcombe is President – Australian Operations for Peabody.  He has executive responsibility for the company’s Australian operating platform, which includes leadership of health, safety and environment; people, operational performance and product delivery.
Mr. Frankcombe joined Peabody in November 2021 and has over 30 years of experience in developing and managing large-scale open cut and underground coal, iron ore, copper and gold mines in Australia, Indonesia, Asia and the Americas.
Mr. Frankcombe most recently served as Deputy Managing Director for Phu Bia Mining in Laos managing the Phu Kham (copper & gold) and Ban Houayxai (gold & silver) operating assets.  Other positions held include Chief Operating Officer for Whitehaven Coal, Director Operations for Fortescue Metals Group, Chief Operating Officer for PT Adaro Indonesia and Executive General Manager for Xstrata Coal Americas. He is a former director of Coal Services Pty Ltd.

He holds a Bachelor of Engineering (Mining) from University of Wollongong and a Master of Business Administration (Technology) from Deakin University.

Marc Hathhorn

President – U.S. Operations

Marc Hathhorn is President – U.S. Operations for Peabody. He has executive responsibility for the company’s U.S. operating platform, which includes leadership of health and safety; operations; product delivery; and support functions.
Mr. Hathhorn joined Peabody in 2011 and has more than two decades of extensive international mining, transportation infrastructure and engineering experience. He previously served as President – Australian Operations, Group Executive – U.S. Operations, Group Executive for Eastern Operations, Group Executive for Operations Support Americas and Senior Vice President of Midwest Operations.

Before joining Peabody, Mr. Hathhorn served as Vice President of Mining Operations for Drummond Company's coal operations in Colombia, South America.
He holds a Bachelor of Science degree in mining engineering from the University of Idaho's College of Mines.

Scott Jarboe

Chief Administrative Officer and Corporate Secretary

Scott Jarboe is Chief Administrative Officer and Corporate Secretary for Peabody. He leads the company’s global human resources, legal, government affairs, and ethics and compliance functions, he provides comprehensive legal counsel for Peabody’s business activities, and he serves as Secretary to the Company’s Board of Directors.
Mr. Jarboe joined Peabody in 2010 and has served in a variety of roles. He most recently led the Legal Department as Chief Legal Officer. Prior to joining Peabody, Mr. Jarboe practiced law with Bryan Cave LLP and Husch Blackwell LLP and represented Peabody as outside counsel.
Mr. Jarboe earned his Juris Doctor degree from Washington University, where he served as Editor-in-Chief of the Washington University Law Review and graduated Order of the Coif. He also earned a Bachelor of Arts degree with highest distinction from the University of Kansas and a Master of Arts degree from the University of Missouri – Kansas City.

Mark Spurbeck

Executive Vice President and Chief Financial Officer

Mark Spurbeck is Executive Vice President and Chief Financial Officer for Peabody. He oversees Finance, Treasury, Tax, Internal Audit, Financial Reporting, Financial Planning, Risk and Mine Finance, corporate accounting functions, Investor Relations and Corporate Communications.
Mr. Spurbeck joined Peabody in 2018, and most recently served as Senior Vice President & Chief Accounting Officer. Prior to joining Peabody, he served as the Vice President & Chief Accounting Officer of Coeur Mining, where he led the accounting, finance and tax teams for five years. Previously, Mr. Spurbeck served at Newmont Mining for eight years in various finance and accounting roles, most recently as Group Executive, Assistant Controller. He began his career at Deloitte LLP.

Mr. Spurbeck holds a Bachelor of Arts degree in Accounting from Hillsdale College. He has completed the Executive Scholar program in Leadership at Northwestern University’s Kellogg School of Management. He is a Certified Public Accountant and recently served as Treasurer of the Silver Institute.

Darren Yeates

Executive Vice President and Chief Operating Officer

Darren Yeates has over 35 years of mining industry experience.  He was appointed Executive Vice President and Chief Operating Office in October 2020 (effective Nov. 1, 2020).  Mr. Yeates has served on Peabody’s board of directors since February 2020 and will continue to do so as a non-independent director.
Mr. Yeates recently served as COO of MACH Energy Australia, a developer and supplier of thermal coal to both the Australian domestic and Asian export markets.  He was previously CEO of GVK Hancock Coal, and prior to that, spent over 22 years with Rio Tinto in multiple positions, including Acting Managing Director and Chief Operating Officer for Coal Australia.  He is a former director of Emeco Holdings Limited, an Australian mining services company, and a former director of Stanmore Coal Limited.  In addition, Darren has recently served as CEO of WorkPac Group.

Mr. Yeates has a Bachelor of Engineering (Mining) from University of Queensland, a Graduate Diploma in Management from the University of Central Queensland and a Graduate Diploma of Applied Finance and Investment from the Securities Institute of Australia.  He has an Executive MBA from the Monash Mt Eliza Business School and is a Fellow of the Australian Institute of Company Directors.

Peabody is a leading coal producer, providing essential products for the production of affordable, reliable energy and steel. Our commitment to sustainability underpins everything we do and shapes our strategy for the future.