Natural Resource Partners Announces Changes in Senior Leadership

HOUSTON, Aug. 8, 2017 /PRNewswire/ -- Natural Resource Partners L.P. (NYSE: NRP) announced that Wyatt L. Hogan, NRP's President and Chief Operating Officer, has resigned effective August 8, 2017.  Craig W. Nunez, NRP's Chief Financial Officer and Treasurer, will succeed Mr. Hogan as President and Chief Operating Officer, and Christopher J. Zolas, NRP's Chief Accounting Officer, will succeed Mr. Nunez as NRP's Chief Financial Officer and Treasurer.

Mr. Hogan joined NRP in 2003 as Vice President and General Counsel, and he has served as President since 2014.  Over the years, Mr. Hogan has overseen NRP's diversification efforts and strategic planning and most recently, led NRP through completion of the recapitalization transactions that strengthened NRP's balance sheet.  Mr. Hogan will remain an employee of Quintana Minerals Corporation and continue to provide services to NRP as necessary to ensure a seamless transition.

"I am confident that I leave my management role with NRP being well-positioned for the future," said Mr. Hogan.  "It was important to me to see NRP through the transformative transactions completed in March, and with another strong quarter reported today, NRP has a bright future.  I'd like to thank everyone on the NRP team for their hard work and friendship over the last 14 years, and I look forward to continuing to work with them in a reduced capacity."

"I would like to thank Wyatt for his dedication and service to NRP and the Robertson family for so many years," said Corbin J. Robertson, Jr., NRP's Chairman and Chief Executive Officer.  "Under Wyatt's leadership, NRP expanded its business into soda ash and construction aggregates and successfully navigated the worst coal markets downturn in decades.  Wyatt hands over the reins after repositioning NRP for future growth and long-term unitholder value creation.  He has been a friend and mentor to everyone at the company, and NRP and its Board of Directors wish him all the best in the next stage of his career.

"We also look forward to the next phase of leadership at NRP under Craig Nunez. Craig's experience both prior to and since joining NRP in 2015 will enable him to see NRP down its strategic path."

Company Profile

Natural Resource Partners L.P., a master limited partnership headquartered in Houston, TX, is a diversified natural resource company that owns interests in coal, aggregates, and industrial minerals across the United States.  A large percentage of NRP's revenues are generated from royalties and other passive income.  In addition, NRP owns an equity investment in Ciner Wyoming, a trona/soda ash operation and a construction aggregates company.

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SOURCE Natural Resource Partners L.P.