DENVER, April 8, 2021 /PRNewswire/ -- Antero
Resources Corporation (NYSE: AR) ("Antero Resources") and
Antero Midstream Corporation (NYSE: AM) ("Antero
Midstream") today announced new responsibilities for certain
members of their management teams upon the effectiveness of
Glen C. Warren, Jr. retirement as
Antero Resources' President, Chief Financial Officer and Director
and Antero Midstream's President and Director on April 30, 2021.
Paul M. Rady, currently Chairman
and CEO of both Antero Resources and Antero Midstream, will also be
named President of both Antero Resources and Antero
Midstream.
Michael N. Kennedy, currently
Senior Vice President (SVP) of Finance at Antero Resources and
Chief Financial Officer (CFO) of Antero Midstream will be named CFO
of Antero Resources and will be appointed to the Antero Midstream
Board of Directors. Mr. Kennedy will also serve as SVP of
Finance for Antero Midstream. Mr. Kennedy has served as CFO of
Antero Midstream and SVP of Finance for Antero Resources since
2016, prior to which he served as Vice President of Finance
beginning in 2013. Mr. Kennedy has been involved in all
capital markets related activity and strategic transactions for the
Antero family of companies, including all three IPOs related to
Antero entities and has led the investor relations teams at both
Antero Resources and Antero Midstream since going public.
Prior to joining Antero, Mr. Kennedy was Executive Vice
President and CFO of Forest Oil Corporation from 2009 to
2013. From 2001 until 2009, Mr. Kennedy held various
financial positions of increasing responsibility within
Forest. From 1996 to 2001, Mr. Kennedy was an auditor with
Arthur Andersen LLP focusing on the Natural Resources
industry. Mr. Kennedy holds a B.S. in Accounting from the
University of Colorado at Boulder.
Brendan E. Krueger, currently
Vice President of Finance and Treasurer of Antero Resources and
Antero Midstream, will be named CFO of Antero Midstream. Mr.
Krueger will also continue to serve as Treasurer and Vice President
of Finance for Antero Resources and Antero Midstream. Since
joining Antero in 2014, Mr. Krueger has been involved in the
capital markets related activity and strategic transactions for the
Antero family of companies, including two initial public
offerings. Prior to joining Antero, Mr. Krueger spent seven
years in investment banking focused on equity and debt financing
and M&A advisory primarily with Robert W. Baird & Co. and
Wells Fargo Securities. Mr. Krueger earned his Bachelor of
Business Administration in Finance from the University of Notre Dame.
Commenting on the new executive management responsibilities,
Paul Rady, Co-Founder, Chairman and
CEO of Antero Resources and Antero Midstream said, "I would like to
recognize Mike and Brendan on their new appointments. Their
collective experience, commitment to and impact on the Antero
family have been essential in shaping the companies' strategic
outlook and positioning both companies for continued success.
In particular, they were both instrumental in executing the
numerous capital markets and strategic transactions that have
occurred over the last 12 to 18 months and helped position the
companies for long-term success. I look forward to continuing to
work closely with Mike and Brendan in their new roles and I am
excited about Antero's future as we work to continue to drive down
costs, generate attractive returns, sustainable free cash flow,
reduce debt and position both entities to return capital to our
shareholders. These two appointments highlight the strong
bench strength that we enjoy at Antero."
Commenting on Mr. Kennedy's appointment as CFO of Antero
Resources, Ben Hardesty, lead
independent director of Antero Resources, said, "I have had the
opportunity to work closely with Mike for years. Mike's leadership
and executive experience will be key to Antero Resources' efforts
to continue to reduce costs and reduce absolute debt and leverage,
and to position the company for long-term sustainable
success. I have the utmost confidence in Mike and his ability
to seamlessly transition into his new role as CFO of Antero
Resources."
Commenting on Mr. Kennedy's and Mr. Krueger's new
responsibilities at Antero Midstream, David
Keyte, lead independent director of Antero Midstream, said,
"I am excited to have Mike join Antero Midstream's Board of
Directors and to have Brendan serve as Antero Midstream's CFO.
Mike's experience as CFO of Antero Midstream, together with his
broad knowledge and experience in the industry, will enable him to
provide the board with executive counsel on a full range of
business, strategic, financial and professional matters.
Brendan has played an integral role in executing important capital
markets and strategic transactions at both Antero Resources and
Antero Midstream, and I think he is very well suited to serve as
the company's CFO."
Antero Resources is an independent oil and natural gas
company engaged in the exploration, development and production of
natural gas, NGLs, and oil properties located in the Appalachian
Basin. Antero Midstream is a Delaware corporation that owns, operates and
develops midstream gathering, compression, processing and
fractionation assets located in the Appalachian Basin, as well as
integrated water assets that primarily service Antero Resources
properties.
For more information, contact Michael
Kennedy, Chief Financial Officer of Antero Midstream and
SVP–Finance of Antero Resources and Antero Midstream, at
(303) 357-6782 or mkennedy@anteroresources.com.
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SOURCE Antero Midstream Corporation