Management Team

Allen Varney – President

Allen Varney is a 35+ year veteran of the coal industry. He began his career as a coal miner in 1974 and continued and advanced his involvement in mining for the next 13 years in both surface and underground operations. In 1987, Allen joined the magnetite sector of the coal industry which sources, processes, and distributes this specialized heavy media separation product to coal wash plants across North America. Mr. Varney has held various positions across a range of functions with increasing responsibility through this period of this career. Those positions include supply chain management, logistics management, as well as material processing, handling, and product sales. In 2008, Allen was instrumental in forming what is now Quality Magnetite, LLC. From his many years in the business, Allen has become well-known as an expert in domestic and international magnetite supply sourcing, as well as a knowledgeable authority in the coal washing markets in North America. As an executive of Quality Magnetite, Mr. Varney is dedicated to providing top quality products with the best customer service to the coal industry.

Steve Kopsolias – Chief Operating Officer

Steve Kopsolias has more than 30 years’ experience in the coal industry with a focus mainly in coal preparation with a strong background in operations. A significant portion of Steve’s career was spent in research and development to improve equipment utilized in the recovery of coal and magnetite. He has extensive field experience in mines, preparation plants, load outs, docks, power generating stations, and steel mills throughout the U.S. and Canada. In his principal role, Steve is dedicated in applying his wide-ranging knowledge and skills in meeting the challenges of Quality Magnetite’s clients. He always strives to achieve the best in customer service, delivering optimum results by leveraging his extensive operational experience and technical expertise.

Bud May – Vice President

Ronald “Bud” May began his career serving in the coal industry. Beginning in the maintenance department of a coal processing plant, he earned 30 years of experience maintaining, operating, and managing large operations. As he advanced, each position brought new challenges and responsibilities. He was able to evaluate and increase processing efficiencies via plant performance studies and diagnostic analyses during programmed upkeep. Customer service and a commitment to quality has always been a priority for Bud. This same mentality is something that he places great priority on for his team to achieve, as well. In 2013, Bud joined the team at Quality Magnetite operating as a field sales rep. He partnered with our coal customers to answer any questions and to help them improve process efficiencies wherever possible. He advanced to sales manager in 2015 and worked with our coal and specialty customers to develop new products and uses for the iron oxide ores that Quality Magnetite sources and processes. In February 2017, Bud advanced to Vice President and is looking forward to maintaining the relationship that he has with our coal customers, while building on our presence in other industries that can use iron oxides in their products.

George William Hamilton III – Operations Manager

George began his career within the magnetite industry in June of 2002 and began working for Quality Magnetite, LLC on June 18, 2008. While working in the magnetite industry Mr. Hamilton enrolled at Marshall University and was accepted into the Lewis College of Business. In the spring of 2009 he graduated with a BBA in Marketing with Minors in Business Management and Small Business Entrepreneurship. While holding multiple positions Mr. Hamilton has had a successful 14-year work history with experience in supply chains, sales, customer service, contracts, logistics and management for Quality Magnetite. Mr. Hamilton is an active member of the Eastern Kentucky Coal Preparation Society, the Northern Western Virginia Coal Preparation Society, along with the Coal Preparation Society of America.

Victor Vic Grubb – Chief Financial Officer

Victor Grubb (Vic) brings over 25 years of accounting experience to the Quality Magnetite management team, the majority of which has been focused on the coal industry. He has served as an accountant, controller, treasurer, and Chief Financial Officer with various organizations as he advanced in his career. Presently, as the fiscal principal of Quality Magnetite, Vic is responsible for all aspects of financial management, including financial reporting, tax, treasury, payroll, and audit. Vic came to the company shortly after its establishment as Quality Magnetite in 2008. Upon his arrival, his primary objective involved implementing a new accounting system to handle the business’s accounts receivable, accounts payable, and financial reporting needs. With a strong background in cost analysis, Vic understands customers’ needs for information and cost control. He is always available to provide Quality Magnetite’s customers with any information they may require.

Scott Dyer – Accounting Manager

Scott is a CPA with nearly 25 years of accounting experience. He has more than 20 years of experience in the coal industry and has held various positions including staff accountant, cost accountant, senior accountant, treasurer, and controller. Scott joined the QMag team in February 2013 as accounting manager.

Brian McCoy – Specialty & Developmental Sales

Brian joined QMag in August, 2015

Ryan Bailey – Logistics Coordinator / Purchasing

Ryan joined QMag in November, 2011

Hank Davis – NAPP Sales (Coal Division)

Hank joined QMag in October, 2011

Stewart Mounts – CAPP Sales (Coal Division)

Stewart joined QMag in November, 2015

Brian Webster – Illinois Basin & Southern APP (Coal Division)

Brian joined QMag in January, 2013

a piece of raw magnetite