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Alpha Natural Resources CEO dug up $6.7 million last year

Coal producer Alpha Natural Resources Inc. CEO Kevin Crutchfield received a pay package valued at more than $6.7 million in 2011, down 21 percent from 2010, according to an Associated Press analysis of a regulatory filing.

By Michael Felberbaum | Updated on April 03, 2012

RICHMOND, Va. (AP) — Coal producer Alpha Natural Resources Inc. CEO Kevin Crutchfield received a pay package valued at more than $6.7 million in 2011, down 21 percent from 2010, according to an Associated Press analysis of a regulatory filing.

The pay package came in a year the Bristol, Va.-based company lost $677.4 million, compared with a $95.6 million profit in 2010. Revenue increased 81 percent to $7.1 billion with the Massey Energy Co. acquisition. Coal shipments rose more than 25 percent to 106.3 million tons in 2011, compared with 84.8 million tons in 2010.

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