Cloud Peak Energy downgraded to Market Perform from Outperform at Raymond James Raymond James downgraded Cloud Peak Energy due to a reduced expectations for a coal-to-gas switching reversal given continued low natural gas prices.
Cloud Peak names Kendall Carbone as Chief Accounting Officer Cloud Peak Energy said in a filing that on March 16, the company announced the completion of its previously disclosed CFO transition. The resignation of CPE’s former EVP and CFO, Michael Barrett, was effective at the close of business on Monday, March 16. Heath Hill, CPE’s VP and Chief Accounting Officer, was promoted to EVP and CFO effective upon Barrett’s resignation. Also effective March 16, CPE promoted Kendall Carbone from Assistant Chief Accounting Officer to VP and Chief Accounting Officer. Carbone joined CPE as Assistant Chief Accounting Officer in January 2015.