Hallador Energy announces new CFO
Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
Terre Haute-based Hallador Energy Co. on Monday announced Marjorie Hargrave will serve as chief financial officer. Hargrave most recently served as CFO for Boulder, Colorado-based Leanin’ Tree Inc.
She begins her new role on April 10.
Hardgrave will succeed Lawrence Martin, who will remain with the company for several months to transfer new leadership and work on special projects. Martin spent 17 years at Hallador in multiple leadership roles and ends his tenure as CFO and president of Hallador subsidiary Sunrise Coal.
“Larry has played a key role in the success and stability of Hallador, especially as we have grown and begun to transition into a vertically integrated independent power producer,” Brent Bilsland, chairman and CEO of Hallador Energy, said in a news release.
Hardgrave joins Hallador with experience leading in several senior finance positions, including Minneapolis-based Xcel Energy, South Dakota-based Black Hills Corp., Denver-based High Sierra Energy, Colorado-based CTAP and Colorado-based Enservco Corp.
“Marjorie’s experience in high-profile leadership roles, and her broad expertise and in-depth finance knowledge will make her an invaluable addition to the Hallador leadership team,” Bilsland said.
The move comes about a month after Hallador Energy announced plans to restructure its Sunrise Coal division in an effort to “strengthen its financial and operational efficiency.” The move includes idling two coal mines and cutting 110 jobs.