Frater Moy Takes on New Challenge
SEATTLE, Wash. - L & L Energy, Inc., a U.S.-based company since 1995 with coal mining and distribution businesses in China, announced today that Frater Edmund C. Moy (Lambda, Univ. of Wisconsin & Grand Epiprytanis) has joined the Company as Vice President - Corporate Infrastructure. Frater Moy's appointment will be effective January 10, 2011 and he will report directly to Dickson Lee, L&L's Chairman and CEO. Moy's key areas of responsibilities include corporate development, global logistics, and general administration.
"We are delighted to welcome Ed to the L&L team. He brings a wealth of experience from both the public and private sectors, and has expertise in key areas including operations, strategic planning and executive recruitment," commented Mr. Lee. "We look forward to leveraging his experience and skills as we continue our growth into a global coal company."
Mr. Moy joins L&L from the United States Mint, where he has served as the 38th Director of the Mint since 2006. While in this capacity, Mr. Moy was the chief executive officer with full P&L responsibility for the world's largest manufacturer of coins and medals. Mr. Moy oversaw production of the nation's circulating coinage, producing numismatic products, retail sales, production of gold and silver bullion and sales to financial investors, and protecting the nation's gold reserves. He led 2,000 employees located in six geographic locations across the United States, including Fort Knox. During his tenure at the United States Mint, he increased revenues from $2.3 billion to a record $4 billion and increased profits from $350 million to more than $1 billion.
Prior to this appointment, Mr. Moy was Special Assistant to the President for Presidential Personnel at The White House from 2001 to 2006. In this role, Mr. Moy was responsible for recommending candidates to the President of the United States for the most senior political appointments for 11 Cabinet Departments and Cabinet-Rank Agencies, 32 independent federal agencies, and 14 part-time presidential boards and commissions. Relevant recruitments included the Mine Safety and Health Administration at the U.S. Department of Labor, the Federal Mine Safety and Health Review Commission, and the National Mediation Board, which facilitated labor-management relations with the railroad and airline industries.
In addition to his public service, Mr. Moy has significant experience in the private sector. Mr. Moy spent eight years working with venture capital and private equity firms and entrepreneurs, including the Wall Street private equity firm Welsh, Carson, Anderson & Stowe, and served on the boards of several for profit companies. Ed graduated from the University of Wisconsin in 1979 with a triple major in economics, international relations, and political science; and currently serves on the Board of Directors (Grand Council) of Tau Kappa Epsilon (TKE) Fraternity. He plans to relocate his family to Seattle.
About L & L Energy
L & L Energy (Nasdaq: LLEN) was founded in 1995, is headquartered in Seattle, and is engaged in coal mining, washing, coking and distribution in Yunnan and Guizhou Provinces and is expanding its coal operations in the U.S. with the Bowie Mine in Colorado. The Company has additional offices in Kunming, Shenzhen, Guangzhou, Hong Kong, and Taipei and produces thermal and metallurgical coals. During the fiscal year ended April 30, 2010, the Company achieved impressive revenue growth of 167% and net income growth of 230% over the previous fiscal year. In June 2010, L & L's stock was added to the Russell 3000 Index.
Adapted from a PR Newswire Release.Be sure to follow the latest TKE News with the RSS Feed, on Twitter or the official TKE Facebook Fan Page (Tau Kappa Epsilon Fraternity). Submit your news today.
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