New Job for Former Spendthrift CFO

Former Spendthrift Farm CFO Accepts Appointment with National Coal Corp.

National Coal Corp., a producer of high-quality steam coal in Central and Southern Appalachia, announces that Michael R. Castle, a former CFO for Spendthrift Farm, has been appointed senior vice president and chief financial officer (CFO).  He will replace Mike Love who is leaving National Coal to pursue other opportunities.


Since 1999, Castle has been in professional practice specializing in management advisory and consulting services. In his practice he offered various financial and operational skill sets designed to help companies grow, acquire, or sell coal mining and natural gas properties throughout the Kentucky, West Virginia, Ohio, Tennessee, and Virginia region. He also provided income tax planning and compliance services for coal mining and coal industry related businesses.

Prior to his service in his own professional practice, Castle was CFO at Quaker Coal Company, a 12 million ton per-year, Kentucky-based coal mining company with operations in four states, where he assisted with numerous debt financing arrangements that fostered and enhanced acquisitions and growth. As CFO at Spendthrift Farm, he served one of the largest Thoroughbred stallion complexes in the United States.  He also held positions of increasing authority at Coopers and Lybrand and various regional accounting firms in Kentucky. His position at National Coal will be based in Knoxville, Tenn., and he will report directly to Roling.