SunCoke Energy, Inc. announced that Chief Financial Officer Mark W. Marinko will retire effective March 13 2026, and that Vice President of Finance and Treasurer Shantanu Agrawal will assume the CFO role. Agrawal, who joined SunCoke as an FP&A analyst in 2014, has led budgeting, forecasting, cash management and investor relations since 2021 and has been a key driver of the company’s financial discipline over the past decade.
The transition comes as SunCoke continues to integrate the August 1, 2025 acquisition of Phoenix Global, a $325 million deal that added electric‑arc‑furnace operations and expanded the company’s international footprint. Agrawal’s deep knowledge of SunCoke’s capital structure and operational mix positions him to oversee the integration, realize the projected $5–10 million in annual synergies, and support the company’s shift toward higher‑margin industrial services.
SunCoke’s most recent quarterly results, released in the third quarter of 2025, showed an earnings‑per‑share beat of $0.24 (from an analyst consensus of $0.17) driven by strong demand in the domestic coke segment and disciplined cost control that offset a $5 million loss from a customer contract breach with Algoma. Revenue rose 4 % to $487 million, up from $469 million in the prior quarter, as the company’s domestic and Brazilian operations delivered higher volumes. Despite the beat, management lowered full‑year 2025 EBITDA guidance to $220–225 million from $230–235 million, citing the contract breach and lower sales in the industrial services segment as headwinds.
CEO Katherine T. Gates praised Marinko for steering SunCoke through the Phoenix Global acquisition and expressed confidence that Agrawal will continue the company’s focus on disciplined capital allocation and operational efficiency. Gates noted that Agrawal’s experience in investor relations will help maintain shareholder confidence as the company pursues growth initiatives and a $0.12 quarterly dividend.
The new CFO will oversee the integration of Phoenix Global, manage the company’s cash flow and capital allocation, and address the operational challenges highlighted in the Q3 results, including the Algoma contract issue and cost pressures in the industrial services segment. By maintaining a disciplined approach to capital deployment and focusing on high‑margin growth, Agrawal is expected to support SunCoke’s long‑term value creation and shareholder returns.
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