St. Louis-based Foresight said that E. Bartow Jones, a member of its partner’s board of directors, has stepped down; Jones had been a Riverstone partner and on the Foresight Energy board since its initial public offering in June 2014.
The remaining partners of FRLP, which are all Chris Cline-controlled companies and trusts for the benefit of Cline family members, now hold all ownership interests.
The company’s board of directors will have six members following Jones’s departure.
Cline, who did not disclose the financial details of the deal, noted that he looks forward to working with Riverstone on other projects in the future.
