Natural Resource Partners L.P. announced that Nick Carter, the company's President and Chief Operating Officer, will retire on September 1, 2014. Wyatt L. Hogan, the company's Executive Vice President, will succeed Mr. Carter as President. Mr. Hogan will be responsible for its continued growth and diversification and will report to Corbin J. Robertson, Jr., the company's Chairman and Chief Executive Officer.

Kevin F. Wall, the company's Executive Vice President--Operations will succeed Mr. Carter as Chief Operating Officer and will report to Mr. Hogan. In addition, Kevin J. Craig, the company's Vice President--Business Development for its coal business, will assume additional responsibilities with regard to coal industry relations and report to Mr. Hogan. Following his retirement, Mr. Carter will work as a consultant to NRP through the end of 2014 in order to ensure a seamless transition.

Mr. Hogan currently serves as its Executive Vice President, where he oversees its strategic planning, business development and capital markets activities. Mr. Hogan previously served as its Vice President, General Counsel and Secretary from May 2003 to December 2013. Prior to joining the company, Mr. Hogan was an attorney at Vinson & Elkins, specializing in capital markets transactions.

Mr. Wall currently serves as the company's Executive Vice President--Operations and has worked for NRP and its predecessor companies since 1986. Mr. Wall was recently elected to succeed Mr. Carter as Chairman of the National Council of Coal Lessors. Mr. Craig currently serves as the company's Vice President--Business Development for the coal business and has worked for NRP since 2005.