NACCO Industries - Governance

Corporate Governance

Good corporate governance and long-term success are inextricably linked. A clear, well-thought-out approach to corporate governance allows our management team to focus on running the Company and doing what is right, with a long-term perspective. Our Board of Directors has long maintained strong governance practices designed to ensure accountability, fiscal responsibility and the highest levels of ethical conduct. Independence is an important component of our Board’s oversight, including the chairs of each of the key Board committees: Audit, Compensation, and Nominating and Corporate Governance.

Officers of NACCO Industries

J.C. Butler, Jr.

President and Chief Executive Officer – NACCO and NACCO Natural Resources Corporation

Elizabeth I. Loveman

Senior Vice President and Controller

Thomas A. Maxwell

Senior Vice President, Finance and Treasurer

John D. Neumann

Senior Vice President, General Counsel and Secretary

Matthew J. Dilluvio

Associate General Counsel and Assistant Secretary

Christopher D. Friez

Vice President – Land, Associate General Counsel and Assistant Secretary

Sarah E. Fry

Vice President, Associate General Counsel and Assistant Secretary

Board of Directors

J.C. Butler, Jr.

President and Chief Executive Officer, NACCO Industries, Inc. and
NACCO Natural Resources Corporation

John S. Dalrymple

Self-employed (farm manager)
Former Governor of the State of North Dakota

John P. Jumper

Retired Chief of Staff,
United States Air Force

Dennis W. LaBarre

Retired Partner,
Jones Day (law firm)

W. Paul McDonald

Retired Vice President - Engineering,
Pioneer Natural Resources Company

Michael S. Miller

Retired Managing Director,
The Vanguard Group

Alfred M. Rankin, Jr.

Non-Executive Chairman, NACCO Industries, Inc.
Executive Chairman of Hyster-Yale, Inc.
Non-Executive Chairman of Hamilton Beach Brands Holding Company

Matthew M. Rankin

President and Chief Executive Officer of Carlisle Residential Properties

Roger F. Rankin

Self employed (personal investments)

Lori J. Robinson

Retired General,
United States Air Force

Valerie Gentile Sachs

Retired Vice President, General Counsel and Corporate Secretary of OM Group, Inc.

Robert S. Shapard

Chairman and Retired Chief Executive Officer of Oncor Electric Delivery Company

Britton T. Taplin

Self employed (personal investments)