Expand Energy (NASDAQ: EXE) appoints interim CFO Raiford after Singh departs
Rhea-AI Filing Summary
Expand Energy Corporation reported that Executive Vice President and Chief Financial Officer Mohit Singh will depart the company due to a termination without cause, effective August 13, 2025. He will receive post-employment benefits under the company’s Executive Severance Plan, subject to its terms and conditions.
The company appointed Brittany Raiford, currently Vice President - Treasurer, as Interim Chief Financial Officer and principal financial officer effective the same date while a search for a permanent CFO is conducted. Raiford joined Expand Energy in 2024 through its merger with Southwestern Energy Company, where she held senior roles in investor relations and financial reporting. In her interim role, she will receive an annual base salary of $334,750, a monthly cash stipend of $12,000, and $200,000 in restricted stock units vesting in equal installments over three years, conditioned on continued service. The company also entered into an indemnification agreement with her consistent with its standard form.
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Insights
Expand Energy discloses a CFO change, with an experienced internal executive serving as interim finance chief and receiving defined compensation.
Expand Energy Corporation is transitioning its finance leadership as Mohit Singh departs from the Executive Vice President and Chief Financial Officer role due to a termination without cause effective
Brittany Raiford, previously Vice President - Treasurer, becomes Interim Chief Financial Officer and principal financial officer, drawing on experience at Southwestern Energy in investor relations and financial reporting from
The impact of this change will depend on how smoothly Raiford manages principal financial officer responsibilities during the search period and whether the company quickly identifies a permanent CFO aligned with its post-merger strategy.
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Item 5.02 Departure of Directors or Certain Officers; Election of Officers; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Mohit Singh, Executive Vice President and Chief Financial Officer of Expand Energy Corporation (the “Company”) will depart the Company to pursue other interests due to a termination without cause, effective August 13, 2025. Mr. Singh will receive post-employment benefits in accordance with the Company’s Executive Severance Plan, subject to the satisfaction of the terms and conditions therein.
Brittany Raiford, 39, the Company’s current Vice President - Treasurer, has been appointed as the Interim Chief Financial Officer and has assumed the duties as principal financial officer of the Company, effective August 13, 2025, while the Company conducts a search for a permanent Chief Financial Officer. Ms. Raiford joined the Company on October 1, 2024 upon the closing of the merger with Southwestern Energy Company (“Southwestern”). Ms. Raiford joined Southwestern in 2011. From 2020 to 2023, she served as Southwestern’s Director and then Vice President, Investor Relations, and from 2011 to 2020, she served as Senior Manager, Financial Reporting and Operations Accounting. Ms. Raiford earned her B.B.A. in Accounting and M.S. in Finance from Texas A&M University.
In connection with Ms. Raiford’s appointment as Interim Chief Financial Officer and principal financial officer, Ms. Raiford will receive (i) an annual base salary of $334,750, (ii) a monthly cash stipend of $12,000, and (iii) restricted stock units (“RSUs”) with a grant date fair market value of $200,000 under the Company’s 2021 Long Term Incentive Plan. The RSUs will vest in equal installments over the three-year period following the applicable grant date, subject to Ms. Raiford’s continued service to the Company on each applicable vesting date.
There are no arrangements or understandings between Ms. Raiford and any other person pursuant to which she was appointed principal financial officer. Ms. Raiford does not have any family relationships with any director or executive officer of the Company, or person nominated or chosen by the Company to become a director or executive officer, and she has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
The Company entered into an indemnification agreement with Ms. Raiford, in the form filed by the Company as Exhibit 10.7 to the Company’s Form 10-K filed on February 26, 2025.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| EXPAND ENERGY CORPORATION | ||
| By: | /s/ Chris Lacy | |
| Chris Lacy | ||
| Executive Vice President, General Counsel and Corporate Secretary |
Date: August 14, 2025
FAQ
Why is Expand Energy (EXE) changing its Chief Financial Officer?
Expand Energy stated that Mohit Singh, its Executive Vice President and Chief Financial Officer, will depart the company to pursue other interests due to a termination without cause effective August 13, 2025. He will receive post-employment benefits under the company’s Executive Severance Plan.
Who is the new Interim CFO of Expand Energy (EXE)?
The company appointed Brittany Raiford, previously Vice President - Treasurer, as Interim Chief Financial Officer and principal financial officer effective August 13, 2025, while it conducts a search for a permanent CFO.
What is Brittany Raiford’s background before becoming Interim CFO at Expand Energy (EXE)?
Brittany Raiford joined Expand Energy on October 1, 2024, when its merger with Southwestern Energy closed. She joined Southwestern in 2011, later serving as Director and then Vice President, Investor Relations from 2020 to 2023, and Senior Manager, Financial Reporting and Operations Accounting from 2011 to 2020. She holds a B.B.A. in Accounting and an M.S. in Finance from Texas A&M University.
How is the Interim CFO of Expand Energy (EXE) being compensated?
In connection with her appointment as Interim CFO and principal financial officer, Brittany Raiford will receive an annual base salary of $334,750, a monthly cash stipend of $12,000, and $200,000 in restricted stock units granted under the 2021 Long Term Incentive Plan, vesting in equal installments over three years subject to her continued service.
Does the Interim CFO of Expand Energy (EXE) have any related-party relationships or special appointment arrangements?
The company states there are no arrangements or understandings with any other person pursuant to which Brittany Raiford was appointed principal financial officer. It also notes that she has no family relationships with any director or executive officer and no direct or indirect material interest in any transaction requiring disclosure under Item 404(a) of Regulation S-K.
What legal protections does Expand Energy (EXE) provide to its Interim CFO?
Expand Energy entered into an indemnification agreement with Brittany Raiford in the form previously filed as an exhibit to its Form 10-K. This agreement is intended to protect her in connection with her service as an officer, consistent with the company’s standard indemnification terms.
