Metallurgical Coal Titan, Walter Energy Leaving Tampa, Headed To Birmingham.

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Tampa, Fla.-based Walter Energy announced Wednesday it plans to move its headquarters to Birmingham and named its local subsidiary leader, George R. Richmond, to a top corporate spot.

Office site selection is underway in the Birmingham area for a space to fit about 50 corporate employees, said Michael A. Monahan, a spokesman for the company. It’s expected to be open in Birmingham by the first half of next year, said a news release.

Monahan said Walter Energy (NYSE: WLT) employs about 2,100 people total and 2,000 of them are already in Alabama. With $1.2 billion in annual revenue, the move will make it one of the top five public companies based in Birmingham.