Natural Resource Partners President And COO Nick Carter To Retire On Sept. 1

(RTTNews) - Natural Resource Partners L.P. (NRP) announced that its President and Chief Operating Officer, Nick Carter, will retire on September 1, 2014. Wyatt Hogan, NRP's Executive Vice President, will succeed Carter as President.

Hogan will be responsible for NRP's continued growth and diversification and will report to Corbin Robertson, Jr., NRP's Chairman and Chief Executive Officer.

Kevin Wall, NRP's Executive Vice President—Operations will succeed Carter as Chief Operating Officer and will report to Hogan.

In addition, Kevin Craig, NRP's Vice President-Business Development for NRP's coal business, will assume additional responsibilities with regard to coal industry relations and report to Hogan. Following his retirement, Carter will work as a consultant to NRP through the end of 2014 in order to ensure a seamless transition.

Hogan currently serves as NRP's Executive Vice President, where he oversees NRP's strategic planning, business development and capital markets activities. Hogan previously served as NRP's Vice President, General Counsel and Secretary from May 2003 to December 2013.

Hogan serves on the Partnership Committee for OCI Wyoming, L.P. and will succeed Carter on the Board of the National Mining Association. Prior to joining NRP, Hogan was an attorney at Vinson & Elkins, specializing in capital markets transactions.

Wall currently serves as NRP's Executive Vice President—Operations and has worked for NRP and its predecessor companies since 1986. Wall is a registered professional engineer in West Virginia and has extensive experience in the coal and aggregates industries, having performed duties in land management, planning, project evaluation, acquisition, and engineering areas since 1981.

Craig currently serves as NRP's Vice President-Business Development for the coal business and has worked for NRP since 2005. Prior to joining NRP, Mr. Craig worked for CSX Transportation, serving as terminal manager for the West Virginia Coalfields. He has served for 14 years as a member of the West Virginia House of Delegates, where he currently serves as Chairman of the Committee on Energy. Craig will not seek re-election in 2014 in order to devote more time to NRP.