Russell Index adds pair of ET companies

A pair of East Tennessee companies were recently added to the Russell Index.

Huntsville, Tenn.-based Miller Energy Resources, an oil and natural gas exploration, production and drilling company; and Greeneville, Tenn.-based Green Bankshares Inc., parent company of GreenBank; are now on the Russell 3000 and Russell 2000.

“This is an important milestone in the advancement of our company, and I want to thank the
Scott+Boruff.jpgentire team at Miller for their hard work, dedication and commitment that led to achieving this important goal. Being a part of the Russell Indexes will provide great exposure for our company within the global investment community as we continue to create long term value for our shareholders,” Miller CEO Scott Boruff said in a prepared statement.

Green Bankshares CEO Stephen M. Rownd was equally enthusiastic.

Stephen_Rownd.jpg“We believe our inclusion in these indexes will help raise our visibility with investors and institutions that rely on the Russell indexes as part of their investment strategy, providing us with the opportunity to expand our shareholder base,” Rownd said in a statement.

The Russell Index ranks the 3,000 largest U.S. companies based on market capitalization.

Read Miller’s press release here.

Read Green Bankshares press release here.

Photos: Scott Boruff, submitted by Miller Energy; Stephen Rownd, KNS/Josh Flory