Richard Gilliam, a graduate of the University of Virginia's College at Wise, has spent his lifetime building and operating coal mining companies. He is the past president and founder of Cumberland Resources Corporation, which was one of the largest privately owned coal mining companies in the United States. As of 2010, the Virginia based Cumberland, produced 7.8 million tons of coal per year with 2009 revenues of $550 million. In March 2010, Cumberland Resources was sold to Massey Energy for US$960 million in cash and shares. Richard brings to the board a fundamental understanding of building and operating a new resource company.