CNX Announces Promotion of Alan Shepard to President

Rhea-AI Summary

CNX Resources Corporation (NYSE: CNX) has announced the promotion of Alan Shepard to President while maintaining his role as Chief Financial Officer. Shepard, who rejoined CNX in 2020, has been instrumental in developing and executing CNX's sustainable business model and capital allocation strategy. CEO Nick Deiuliis emphasized the company's potential for creating per-share value and community transformation, while Board Chairman Ian McGuire expressed confidence in Shepard's leadership abilities. The Board of Directors unanimously approved the promotion, with Shepard continuing to report to CEO Deiuliis.

Positive

• Unanimous board approval indicates strong confidence in the leadership appointment
• Continuity in leadership with Shepard maintaining CFO role while adding President responsibilities
• Track record of success since 2020 in implementing sustainable business model and capital allocation

Negative

• None.

PITTSBURGH, June 12, 2025 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) announces the promotion of Alan Shepard to the position of President in addition to his current role as Chief Financial Officer.

"The opportunity set for the CNX team to continue to create per-share value for our owners and to positively transform our Appalachian communities has never been greater," said Nick Deiuliis, CNX CEO. "Since rejoining CNX in 2020, Alan has been integral to the development, communication, and execution of CNX's sustainable business model and the implementation of our capital allocation approach. Today's announcement recognizes both past achievements and our future expectations of his contributions to our continued success." 

Ian McGuire, Chairman of the Board of Directors of CNX added further: "This promotion reflects the collective confidence that the Board has in Alan's leadership as CNX moves forward. We look forward to continuing to work closely with him on long-term per-share value creation."

The Board of Directors of CNX unanimously approved the promotion of Mr. Shepard to the position of President in addition to his current role as Chief Financial Officer. Mr. Shepard will continue to report to Mr. Deiuliis.

About CNX Resources
CNX Resources Corporation (NYSE: CNX) is unique. We are a premier, ultra-low carbon intensive natural gas development, production, midstream, and technology company centered in Appalachia, one of the most energy abundant regions in the world. With the benefit of a 161-year regional legacy, substantial asset base, leading core operational competencies, technology development and innovation, and astute capital allocation methodologies, we responsibly develop our resources and deploy free cash flow to create long-term per share value for our shareholders, employees, and the communities where we operate. As of December 31, 2024, CNX had 8.54 trillion cubic feet equivalent of proved natural gas reserves. The company is a member of the Standard & Poor's Midcap 400 Index. Additional information is available at www.cnx.com.

 

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SOURCE CNX Resources Corporation

FAQ

Who is the new President of CNX Resources (NYSE: CNX)?

Alan Shepard has been promoted to President of CNX Resources while maintaining his role as Chief Financial Officer.

What was Alan Shepard's previous role at CNX Resources?

Alan Shepard was serving as the Chief Financial Officer at CNX Resources, a role he will continue to maintain alongside his new position as President.

When did Alan Shepard rejoin CNX Resources?

Alan Shepard rejoined CNX Resources in 2020.

Who does the new CNX Resources President report to?

Alan Shepard will continue to report to CEO Nick Deiuliis.

What are Alan Shepard's main achievements at CNX Resources?

Shepard has been integral to developing and executing CNX's sustainable business model and implementing the company's capital allocation approach since 2020.