RGC Resources Holds Annual Shareholders Meeting
Rhea-AI Summary
RGC Resources (NASDAQ: RGCO) held its annual shareholders meeting on January 27, 2025, where three directors - Abney S. Boxley III, Elizabeth A. McClanahan, and John B. Williamson III - were elected for three-year terms. Shareholders also approved Deloitte & Touche, LLP as auditors for fiscal 2025.
Following the meeting, the Board appointed John B. Williamson III as Chairman and Paul W. Nester as President and CEO. Additional senior officers were elected, including Timothy J. Mulvaney as VP, CFO and Treasurer, Lawrence T. Oliver as Senior VP of Regulatory and External Affairs and Secretary, and C. Brooke Miles as VP of Human Resources.
The company's largest subsidiary, Roanoke Gas Company, also appointed its senior leadership team, with Paul W. Nester serving as President and CEO, and C. Jim Shockley, Jr. as VP and Chief Operating Officer.
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News Market Reaction – RGCO
On the day this news was published, RGCO declined 0.89%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
ROANOKE, Va., Jan. 27, 2025 (GLOBE NEWSWIRE) -- RGC Resources, Inc. (NASDAQ: RGCO) announced the election of Directors at its shareholders meeting held on January 27, 2025. Shareholders elected Abney S. Boxley III, Elizabeth A. McClanahan and John B. Williamson III for three-year terms. Shareholders also ratified the appointment of Deloitte & Touche, LLP as auditors for fiscal 2025.
At a meeting of the Board of Directors, following the annual shareholders meeting, John B. Williamson III was elected Chairman of the Board and Paul W. Nester was elected President and CEO of RGC Resources, Inc. The following RGC Resources senior officers were also elected: Timothy J. Mulvaney, Vice President, CFO and Treasurer, Lawrence T. Oliver, Senior Vice President, Regulatory and External Affairs and Secretary, and C. Brooke Miles, Vice President, Human Resources and Community Engagement. In addition, Roanoke Gas Company, the largest subsidiary of RGC Resources, elected the following senior officers: Paul W. Nester, President and CEO, Timothy J. Mulvaney, Vice President, CFO and Treasurer, Lawrence T. Oliver, Senior Vice President, Regulatory and External Affairs and Secretary, C. Jim Shockley, Jr., Vice President and Chief Operating Officer, and C. Brooke Miles, Vice President, Human Resources and Community Engagement.
RGC Resources, Inc. provides energy and related products and services to customers in Virginia through its operating subsidiaries including Roanoke Gas Company and RGC Midstream, LLC.
From time to time, the Company may publish forward-looking statements relating to such matters as anticipated financial performance, business prospects, technological developments, new products, research and development activities and similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause the Company’s actual results and experience to differ materially from the anticipated results or other expectations expressed in the Company’s forward-looking statements. Past performance is not necessarily a predictor of future results.
| Contact: | Paul W. Nester President and CEO |
| Telephone: | 540-777-3837 |
