Natural Resource Partners president, COO to retire

Natural Resource Partners LP (NRP), a company in the business of owning and managing mineral reserve properties, says President and Chief Operating Officer Nick Carter will retire Sept. 1.

Succeeding him as president will be Executive Vice President Wyatt L. Hogan, who will be responsible for the company’s continued growth and diversification. In addition, he will take Carter’s place on the board of the National Mining Association. Hogan will report to Corbin J. Robertson Jr., NRP’s chairman and CEO.

Executive Vice President of Operations Kevin F. Wall will succeed Carter as chief operating officer and will report to Hogan.  The Vice President of Business Development for the company’s coal business, Kevin J. Craig, will take on additional responsibilities related to coal industry relations. He also will report to Hogan.

Carter will work as a consultant to NRP through the end of 2014 to help ensure a seamless transition, according to the company.

Robertson thanked Carter for his dedication to the company for the past 24 years. “Under Nick’s leadership, NRP has grown from a small private company to a public company with an enterprise value of nearly $3 billion, and his industry expertise and contributions to the company have been invaluable to NRP’s success,” he says.