Marcel Teunissen joins Expand Energy (EXE) as Executive Vice President and CFO
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Expand Energy Corporation has appointed Marcel Teunissen as Executive Vice President and Chief Financial Officer, effective April 6, 2026. Teunissen, age 52, previously served as President, North America and earlier as Chief Financial Officer at Parkland Corporation, and held senior finance and commercial roles at Shell.
His compensation includes a $550,000 annual base salary, an annual cash performance bonus targeted at 100% of base salary and payable up to 200% based on performance goals, and participation in the long-term incentive program with a $2,500,000 annual target, prorated for 2026. He will be a Tier 2 participant in the company’s Executive Severance Plan, will be covered by executive clawback policies, and will enter into the company’s standard indemnity agreement.
Upon commencement of his employment, interim CFO Brittany Raiford will return to her role as Vice President – Treasurer and Investor Relations. The company issued a press release announcing the appointment, which is furnished as an exhibit.
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Insights
Expand Energy installs a permanent CFO with deep global gas experience.
The company has moved from an interim to a permanent Chief Financial Officer by appointing Marcel Teunissen, effective April 6, 2026. His background spans senior finance and operational roles at Parkland Corporation and Shell, particularly in integrated gas and LNG businesses.
This profile aligns with Expand Energy’s positioning as a large natural gas producer, suggesting the board is prioritizing capital allocation, commercial sophistication and portfolio management expertise. His Tier 2 status in the Executive Severance Plan, standard indemnity agreement, and clawback coverage indicate a conventional executive governance structure without unusual terms.
The compensation mix of $550,000 base salary, a bonus targeted at 100% of salary (capped at 200%), and a long-term incentive target of $2,500,000 emphasizes variable and equity-linked pay. Future disclosures in periodic reports may show how performance goals tied to these incentives influence strategy and financial outcomes.
8-K Event Classification
3 items: 5.02, 7.01, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Effective date as CFO: April 6, 2026
CFO age: 52 years
Base salary: $550,000 per year
+3 more
6 metrics
Effective date as CFO
April 6, 2026
Start date for Executive Vice President and Chief Financial Officer role
CFO age
52 years
Age of Marcel Teunissen at appointment
Base salary
$550,000 per year
Annual base salary for Executive Vice President and Chief Financial Officer
Target annual bonus
100% of base salary
Cash performance bonus target as a percentage of base salary
Maximum bonus opportunity
200% of base salary
Upper limit of annual cash performance bonus based on goals
Long-term incentive target
$2,500,000 per year
Annual long-term incentive grant value, prorated for 2026
Key Terms
Executive Severance Plan, long-term incentive program, clawback policies, Indemnity Agreement, +2 more
6 terms
Executive Severance Plan financial
"Mr. Teunissen will be a Tier 2 participant in the Company’s Executive Severance Plan"
long-term incentive program financial
"Mr. Teunissen will also participate in the Company’s long-term incentive program"
clawback policies financial
"Mr. Teunissen’s incentive compensation will be subject to the Company’s clawback policies"
Indemnity Agreement regulatory
"The Company will also enter into a standard Indemnity Agreement with Mr. Teunissen"
Regulation FD Disclosure regulatory
"Item 7.01 Regulation FD Disclosure."
forward-looking statements regulatory
"This press release includes “forward-looking statements” within the meaning of Section 27A"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 6, 2026
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
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Securities registered pursuant to Section 12(b) of the Act:
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| Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). | ||||||||
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
The Board of Directors (the “Board”) of Expand Energy Corporation (the “Company”) has appointed Marcel Teunissen as the Company’s Executive Vice President and Chief Financial Officer, effective as of April 6, 2026. Mr. Teunissen, age 52, most recently served as President, North America for Parkland Corporation. From 2020 to 2024, he served as Chief Financial Officer at Parkland Corporation. Prior to that, he served in various roles of increasing responsibility at Shell plc. Mr. Teunissen holds a Master of Science in Economics—Business Policy and Administration from Erasmus University in The Netherlands.
In connection with his appointment as Executive Vice President and Chief Financial Officer of the Company, Mr. Teunissen’s annual base salary will be $550,000 per year, with an annual cash performance bonus target of 100% of his annual base salary (the “Annual Target Bonus”), which bonus will be earned (up to 200%) based on achievement of certain performance goals established by the Board or the Compensation Committee. Mr. Teunissen will also participate in the Company’s long-term incentive program, pursuant to which his annual long-term incentive target will be $2,500,000, which amount will be prorated with respect to 2026.
Mr. Teunissen will be a Tier 2 participant in the Company’s Executive Severance Plan that was previously filed with the SEC on February 26, 2025 as Exhibit 10.18 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2024. Mr. Teunissen’s incentive compensation will be subject to the Company’s clawback policies applicable to all executive officers of the Company in effect from time to time and applicable law.
The Company will also enter into a standard Indemnity Agreement with Mr. Teunissen, a form of which was previously filed with the SEC on February 26, 2025 as Exhibit 10.7 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2024. Pursuant to this agreement, subject to the exceptions and limitations provided therein, the Company will indemnify Mr. Teunissen for obligations he may incur in his capacity as an officer, as authorized by the Company’s restated certificate of incorporation.
The Company is not aware of any arrangement or understanding between Mr. Teunissen and any other person pursuant to which he was appointed as an officer. Mr. Teunissen does not have any family relationships with any of the Company’s directors or executive officers or a direct or indirect material interest in any transaction or series of similar transactions that would require disclosure under Item 404(a) of Regulation S-K.
Upon the commencement of Mr. Teunissen’s employment, Brittany Raiford will cease to serve as the Company’s Interim Chief Financial Officer, but she will continue to serve as the Company’s Vice President – Treasurer and Investor Relations.
Item 7.01 Regulation FD Disclosure.
On April 6, 2026, the Company issued a press release announcing the appointment of Marcel Teunissen as Executive Vice President and Chief Financial Officer of the Company. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information contained in this press release is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”) or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Document Description | |||||||
99.1 | Expand Energy Corporation press release dated April 6, 2026 | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
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: April 6, 2026
| Exhibit 99.1 | |||||
 | N E W S R E L E A S E | ||||
Expand Energy Corporation Appoints Marcel Teunissen Chief Financial Officer
SPRING, TX – April 6, 2026 – Expand Energy Corporation (NASDAQ: EXE) (“Expand Energy” or the “Company”) today announced that Marcel Teunissen has been appointed Chief Financial Officer, effective April 6, 2026.
“Marcel brings a rare blend of financial depth, disciplined strategic leadership, and hands-on operations experience across the full energy value chain,” said Michael Wichterich, Expand Energy’s Chairman of the Board, Interim President and Chief Executive Officer. “As Expand Energy enters the next chapter in its growth, Marcel’s experience with large global natural gas and LNG businesses and complex business transformations makes him exactly the kind of leader who can elevate our entire organization.”
“I’m honored to join North America’s largest natural gas producer as the Company’s momentum accelerates,” said Teunissen. “Natural gas demand is surging, driven by AI power generation, industrial, and global LNG, and no company is better positioned to capture this structural wave of growth than Expand Energy. I am eager to join the team and help build on the company’s strong foundation and advance a commercial approach to delivering results across the gas value chain.”
Teunissen most recently served as President, North America for Parkland Corporation leading a large, customer-facing business across the United States and Canada. From 2020 to 2024, he served as Parkland’s Chief Financial Officer where he led the company’s financial strategy, capital markets, and investor engagement, supporting Parkland’s growth as a leading international energy business through acquisitions, integration, and large-scale transformation.
Prior to Parkland, Teunissen spent more than 20 years with Shell plc in senior and executive finance, commercial, and strategy roles across upstream and integrated gas (LNG) businesses, including as Vice President of Finance for Integrated Gas Ventures and Executive Vice President of Finance for Global Integrated Gas and New Energies, based in the Netherlands. He brings deep expertise across the gas value chain—from supply and infrastructure to trading and end-market delivery to complex portfolio management—combining financial discipline with a strong commercial focus to deliver sustainable growth that enhances returns and resilience. He holds a master’s degree in economics from Erasmus University in Rotterdam, The Netherlands.
| INVESTOR CONTACT: | MEDIA CONTACT: | EXPAND ENERGY CORPORATION | ||||||
Brittany Raiford (405) 935-8870 ir@expandenergy.com | Brooke Coe (405) 935-8878 media@expandenergy.com | 10000 Energy Drive Spring, TX 77389 | ||||||
About Expand Energy
Expand Energy Corporation (NASDAQ: EXE) is North America’s largest natural gas producer, powered by dedicated and innovative employees focused on expanding the value of natural gas by connecting global scale to growing markets. Expand Energy’s returns-driven strategy strives to create sustainable value for its stakeholders by leveraging its advantaged portfolio, financial strength and operational excellence. Expand Energy is committed to expanding America’s energy reach to fuel a more affordable, reliable, lower carbon future.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements relating to the relocation of the Company’s headquarters to Houston, the acceleration of the Company’s commercialization strategy, as well as statements reflecting expectations, intentions, assumptions or beliefs about future events and other statements that do not relate strictly to historical or current facts. Forward-looking statements often address our expected future business, financial performance and financial condition, and often contain words such as “expect,” “could,” “may,” “anticipate,” “intend,” “plan,” “ability,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “guidance,” “outlook,” “opportunity” or “strategy.” The absence of such words or expressions does not necessarily mean the statements are not forward-looking. Although Expand Energy’s management believes the expectations reflected in such forward-looking statements are reasonable, they are inherently subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond Expand Energy’s control. No assurance can be given that such forward-looking statements will be correct or achieved or that the assumptions are accurate or will not change over time. Particular uncertainties that could cause Expand Energy’s actual results to be materially different than those expressed in such forward-looking statements include commodity price volatility and other factors described in Expand Energy’s Annual Report on Form 10-K for the year ended December 31, 2025, Expand Energy’s Quarterly Reports on Form 10-Q and other documents that Expand Energy files with the SEC. For a discussion of these risks, uncertainties and assumptions, investors are urged to refer to Expand Energy’s documents filed with the SEC that are available through Expand Energy’s website at www.expandenergy.com or through EDGAR at www.sec.gov. We caution you not to place undue reliance on the forward-looking statements contained in this release, which speak only as of the date of the release, and we undertake no obligation to update this information. We urge you to carefully review and consider the disclosures in this release and our filings with the SEC that attempt to advise interested parties of the risk and factors that may affect our business.
2
FAQ
Who is the new CFO of Expand Energy (EXE) and when does he start?
Expand Energy appointed Marcel Teunissen as Executive Vice President and Chief Financial Officer, effective April 6, 2026. He brings senior finance and operational experience from Parkland Corporation and Shell, particularly in integrated gas and LNG, aligning with the company’s focus on natural gas growth.
What is Marcel Teunissen’s compensation package as CFO of Expand Energy (EXE)?
Teunissen will receive a $550,000 annual base salary, plus an annual cash performance bonus targeted at 100% of salary and payable up to 200%. He also has a long-term incentive target of $2,500,000 annually, which will be prorated for 2026 under the company’s incentive program.
How is the new Expand Energy (EXE) CFO’s bonus structured?
His annual cash performance bonus has a target equal to 100% of his $550,000 base salary and can reach up to 200%. Payouts depend on achieving performance goals set by the board or compensation committee, tying a large portion of his pay directly to company performance.
What long-term incentives will the Expand Energy (EXE) CFO receive?
Teunissen will participate in the company’s long-term incentive program with a $2,500,000 annual target, prorated for 2026. This equity-based component is designed to align his interests with shareholders over time and complements his salary and cash bonus opportunity.
What happens to Expand Energy’s interim CFO after the new CFO appointment?
Upon Teunissen’s employment start, interim Chief Financial Officer Brittany Raiford will cease serving in that interim role. She will continue with the company as Vice President – Treasurer and Investor Relations, maintaining continuity in treasury and investor relations leadership functions alongside the new CFO.
What protections and policies apply to the new Expand Energy (EXE) CFO?
Teunissen will be a Tier 2 participant in the Executive Severance Plan and will sign the company’s standard indemnity agreement, providing protection for actions taken as an officer. His incentive compensation is also subject to the company’s clawback policies and applicable law for executive officers.