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CNX Resources Corp. named Donald Rush chief strategy officer and Alan Shepard CFO effective immediately, a press release announced on June 1.
Shepard was promoted from the role of vice president and chief accounting officer and has served in numerous finance leadership capacities across his 20-year career. He will now report to president and CEO Nick DeIuliis and be responsible for overseeing the company's finance organization. Prior to rejoining CNX in 2020, he served as CFO of EdgeMarc Energy.
Rush previously served as CNX's CFO. In his new role, he will continue to report to DeIuliis and help drive the company's strategy, growth avenues, value recognition and branding, working closely with the executive team and board of directors.
"These leaders represent proven strategic forward-thinking, strong execution capabilities and a dedicated commitment to CNX's value proposition and to the future of our region," DeIuliis commented in the release. "While Alan will oversee the continued steady execution of our free cash flow per share growth plan, Don will focus on the future and its exciting upside opportunities incremental to our base business."
Deluliis continued on to say that Rush has "successfully navigated CNX" through transformative transactions that "evolved the company into the low cost and low CO2e intensive manufacturer of natural gas in the Appalachian Basin."
He added that Shepard's "deep knowledge of our business, extensive financial expertise, steady guidance of our returns-focused strategy and strong relationship with our board of directors and executive management team" will strengthen CNX's finance organization.
An Appalachia-centric natural gas development, production, midstream and technology company, CNX holds 9.63 trillion cf equivalent of proved natural gas reserves as of Dec. 13, 2021.
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