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Alpha Natural Resources CEO made $6.2M in 2012

Monday - 4/8/2013, 12:40pm  ET

MICHAEL FELBERBAUM
AP Business Writer

RICHMOND, Va. (AP) -- Alpha Natural Resources Inc. CEO Kevin Crutchfield received a pay package valued at about $6.2 million in 2012, down 8 percent from the previous year.

That's according to an Associated Press analysis of data filed by the Bristol, Va.-based coal producer with regulators on Monday.

Crutchfield's salary increased 4 percent to $1.07 million and he received a performance-based bonus $523,710.

The value of his stock awards fell 9 percent to $4.43 million, and he received other compensation worth $163,911.

Last year, Alpha's full-year loss widened to $2.44 billion from $730.5 million in 2011. Revenue fell 2 percent to $6.97 billion and coal shipments rose 2.4 percent to 108.8 million tons.

The AP's calculation counts salary, bonuses, perks and stock and options awarded to the executive during the year.


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