Antero Resources and Antero Midstream Announce Michael N. Kennedy to Serve as Chief Executive Officer, President and Director
Antero Midstream (NYSE: AM) announced significant leadership changes, with Michael N. Kennedy appointed as Chief Executive Officer and President, succeeding Paul M. Rady who transitions to Chairman Emeritus. Kennedy, who joined Antero in 2013 and previously served as CFO, will also join the Board of Directors.
The company is implementing several key organizational changes, including separating the Chairman and CEO roles. David H. Keyte will serve as Chairman of Antero Midstream's Board. Additionally, Yvette K. Schultz joins the Board of Directors, while Justin J. Agnew has been appointed as CFO of Antero Midstream.
Antero Midstream (NYSE: AM) ha annunciato importanti cambiamenti ai vertici: Michael N. Kennedy è stato nominato Chief Executive Officer e President, sostituendo Paul M. Rady che assume la carica di Chairman Emeritus. Kennedy, entrato in Antero nel 2013 e già CFO in passato, entrerà anche nel Consiglio di Amministrazione.
L'azienda sta implementando varie modifiche organizzative chiave, fra cui la separazione dei ruoli di Chairman e CEO. David H. Keyte ricoprirà la carica di Chairman del Board di Antero Midstream. Inoltre, Yvette K. Schultz entra nel Consiglio di Amministrazione e Justin J. Agnew è stato nominato CFO di Antero Midstream.
Antero Midstream (NYSE: AM) anunció cambios relevantes en su liderazgo: Michael N. Kennedy ha sido nombrado Chief Executive Officer y President, en reemplazo de Paul M. Rady, quien pasará a ser Chairman Emeritus. Kennedy, que se incorporó a Antero en 2013 y fue previamente CFO, también se unirá al Consejo de Administración.
La compañía está aplicando varios cambios organizativos clave, incluida la separación de los cargos de Chairman y CEO. David H. Keyte asumirá como Chairman del Board de Antero Midstream. Asimismo, Yvette K. Schultz se incorpora al Consejo de Administración y Justin J. Agnew ha sido designado CFO de Antero Midstream.
Antero Midstream (NYSE: AM)는 주요 경영진 변경을 발표했습니다. Michael N. Kennedy가 최고경영자(Chief Executive Officer) 겸 사장(President)으로 임명되었으며, 이를 통해 Paul M. Rady는 명예 회장(Chairman Emeritus)으로 전환합니다. Kennedy는 2013년 Antero에 합류했고 이전에 재무책임자(CFO)를 역임했으며 이사회(Board of Directors)에 합류합니다.
회사는 회장(Chairman)과 최고경영자(CEO) 직책 분리 등 여러 핵심 조직 개편을 시행하고 있습니다. David H. Keyte가 Antero Midstream 이사회의 회장(Chairman)이 될 예정입니다. 또한 Yvette K. Schultz가 이사회에 합류하고 Justin J. Agnew가 Antero Midstream의 CFO로 임명되었습니다.
Antero Midstream (NYSE: AM) a annoncé d'importants changements de direction : Michael N. Kennedy est nommé Chief Executive Officer et President, succédant à Paul M. Rady qui devient Chairman Emeritus. Kennedy, arrivé chez Antero en 2013 et ancien CFO, rejoindra également le conseil d'administration.
L'entreprise met en place plusieurs changements organisationnels clés, notamment la séparation des fonctions de Chairman et de CEO. David H. Keyte exercera la fonction de Chairman du conseil d'Antero Midstream. Par ailleurs, Yvette K. Schultz rejoint le conseil d'administration et Justin J. Agnew a été nommé CFO d'Antero Midstream.
Antero Midstream (NYSE: AM) hat bedeutende Führungswechsel bekanntgegeben: Michael N. Kennedy wurde zum Chief Executive Officer und President ernannt und tritt die Nachfolge von Paul M. Rady an, der zum Chairman Emeritus übergeht. Kennedy, der 2013 zu Antero kam und zuvor als CFO tätig war, wird ebenfalls in den Verwaltungsrat eintreten.
Das Unternehmen führt mehrere wichtige organisatorische Änderungen durch, unter anderem die Trennung der Ämter Chair und CEO. David H. Keyte wird Chairman des Boards von Antero Midstream. Zusätzlich wird Yvette K. Schultz Mitglied des Verwaltungsrats und Justin J. Agnew zum CFO von Antero Midstream ernannt.
- Appointment of experienced internal candidate Michael Kennedy as CEO, ensuring leadership continuity
- Separation of Chairman and CEO roles, improving corporate governance
- Strategic expansion of leadership team with experienced industry professionals
- Departure of long-term CEO Paul Rady from executive position
Insights
Antero's internal promotion of Michael Kennedy to CEO represents continuity in leadership strategy rather than a disruptive change.
This leadership transition at Antero appears meticulously planned and signals organizational continuity rather than strategic upheaval. Michael Kennedy's promotion from within follows a 12-year tenure with the company, including significant financial leadership experience as CFO. This suggests the board prioritized operational consistency and deep institutional knowledge in their succession planning.
The separation of Chairman and CEO roles represents a governance enhancement, aligning with modern corporate governance best practices. This structure typically provides stronger independent oversight while allowing the CEO to focus on operational execution. Both new chairmen (Hardesty and Keyte) bring substantial industry experience and company familiarity, having served on their respective boards for extended periods.
The broader reorganization involves a coordinated series of internal promotions rather than external recruitment, which typically accelerates leadership transitions and maintains institutional continuity. Kennedy's longstanding relationship with outgoing CEO Rady (worked together for over 20 years according to one director) suggests philosophical alignment in leadership approach.
For investors, this transition appears designed to maintain strategic direction while implementing governance improvements. The emphasis on Kennedy's financial background could indicate continued focus on capital discipline and shareholder returns in an industry increasingly evaluated on financial stewardship rather than pure growth metrics.
Mr. Kennedy joined Antero in 2013, and his impact has been felt throughout the organization. Mr. Kennedy has served as Chief Financial Officer of Antero Resources since 2021 and SVP—Finance of Antero Resources and Antero Midstream since 2016. Mr. Kennedy also served as Chief Financial Officer of Antero Midstream and its predecessors from 2016 to 2021. Mr. Kennedy has been a member of the Board of Directors of Antero Midstream since 2021. Prior to joining Antero, Mr. Kennedy spent 12 years at Forest Oil Corporation, where he held various positions, including Executive Vice President and Chief Financial Officer from 2009 to 2013. From 1996 to 2001, Mr. Kennedy was an auditor with Arthur Andersen focusing on the Natural Resources Industry. Mr. Kennedy holds a B.S in Accounting from the University of
"Mike Kennedy is an inspirational leader with extensive oil and gas industry and financial experience," said Benjamin A. Hardesty, Lead Independent Director of Antero Resources. "Mike was the obvious choice to succeed Paul, and I can think of nobody better to lead Antero Resources into its next phase. I have seen Mike and Paul work together seamlessly for years making operational and financial decisions for the company, and with Mike taking over as CEO and President, I believe Antero Resources is well-positioned to capitalize on the highly-visible natural gas demand growth from LNG and data centers."
"Mike has been well-respected in the industry for three decades. I have worked closely with Mike for over 20 years, and I have been impressed by his depth of knowledge and tireless work ethic," said David H. Keyte, Lead Independent Director of Antero Midstream. "With Mike at the helm, I believe Antero Midstream is poised to build on its past successes and continue as an industry leader."
"I am honored to step into the roles of Chief Executive Officer and President of Antero Resources and Antero Midstream," said Mr. Kennedy. "I appreciate the support of the Boards of Directors of both companies." Mr. Kennedy continued, "I have worked side-by-side with Paul Rady for many years and have gained many valuable insights along the way. He has been an exceptional leader for Antero. I am excited for the opportunity to build upon Paul's legacy and lead the fantastic teams at Antero Resources and Antero Midstream."
In connection with Mr. Kennedy's promotion and Mr. Rady's transition to Chairman Emeritus, Antero Resources and Antero Midstream announced new responsibilities for certain members of their Boards of Directors and management teams:
Antero Resources and Antero Midstream will be separating the roles of Chairman of the Board and Chief Executive Officer. Benjamin A. Hardesty, currently the Lead Independent Director of Antero Resources, will serve as Chairman of the Board of Antero Resources, and David H. Keyte, currently the Lead Independent Director of Antero Midstream, will serve as Chairman of the Board of Antero Midstream. Mr. Hardesty has served on the Board of Directors of Antero Resources since its IPO in 2013. He has also served on the Board of Directors of many other public and private companies and as President of the Independent Oil and Gas Association of
Yvette K. Schultz will join the Board of Directors of Antero Midstream. Ms. Schultz joined Antero in 2015 and has served as General Counsel of Antero Resources and Antero Midstream since 2017. Ms. Schultz has also served as Chief Compliance Officer and SVP—Legal of Antero Resources and Antero Midstream since 2022 and Corporate Secretary since 2021. Prior to joining Antero, Ms. Schultz was an attorney at Vinson & Elkins L.L.P. from 2008 to 2012 and Latham & Watkins LLP from 2012 to 2015. Ms. Schultz holds a B.S. in Computer Science and a Masters degree in Business Administration from the University of
Brendan E. Krueger, currently Chief Financial Officer, Vice President—Finance and Treasurer of Antero Midstream and Vice President—Finance and Treasurer of Antero Resources, will be named Chief Financial Officer and SVP—Finance of Antero Resources and SVP—Finance of Antero Midstream and will continue to serve as Treasurer for each company. Since joining Antero in 2014, Mr. Krueger has been involved in a wide range of capital markets activities and strategic transactions for the Antero family of companies, including two initial public offerings. From 2007 to 2014, Mr. Krueger worked in investment banking focused on equity and debt financing and M&A advisory primarily with Wells Fargo Securities and Robert W. Baird & Co. Mr. Krueger earned his Bachelor of Business Administration in Finance from the University of Notre Dame.
Justin J. Agnew, currently Vice President—Finance of Antero Midstream, will be named Chief Financial Officer of Antero Midstream. Since 2014, Mr. Agnew has held roles of increasing responsibility at Antero. Prior to joining Antero, Mr. Agnew worked in equity research at Robert W. Baird & Co. and spent time at M&I Bank (now a subsidiary of BMO). Mr. Agnew earned Bachelor of Science degrees in both Finance and Economics from Arizona State University.
Commenting on the appointments of Mr. Krueger and Mr. Agnew, Mr. Kennedy said, "Brendan Krueger and Justin Agnew have been instrumental in executing capital markets and strategic transactions for the Antero family of companies for over ten years. Their extensive knowledge and industry experience make them very well-suited to serve as Chief Financial Officers of Antero Resources and Antero Midstream, respectively."
Antero Resources is an independent natural gas and natural gas liquids company engaged in the acquisition, development and production of unconventional properties located in the Appalachian Basin in
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SOURCE Antero Midstream Corporation
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