PITTSBURGH, May 7, 2014 /PRNewswire/ -- CONSOL Energy
Inc. (NYSE: CNX) announced today that Nicholas J. DeIuliis has assumed the position of
President and Chief Executive Officer. Former Chief Executive
Officer, J. Brett Harvey, took the
new position of Executive Chairman. In addition, Mr. DeIuliis
was elected to CONSOL Energy's Board of Directors.
The previously announced changes became effective today at the
company's Annual Meeting of Shareholders.
"Nick is well-prepared to lead CONSOL Energy into a very
exciting chapter in our 150-year history, having already served as
a critical member of the management team that skillfully steered
the company through a transformative and important period of time,"
commented J. Brett Harvey.
"Nick's vision, values and commitment to CONSOL Energy will be a
strong asset to our shareholders, employees, customers and
community partners moving forward."
Mr. DeIuliis, age 45, has served as President of CONSOL Energy
since February 2011. He has over 23 years of experience with
the company, with both the coal and E&P divisions of the
business, and in that time has held positions of Chief Operating
Officer and Senior Vice President of Strategic
Planning. He was also President and Chief Executive
Officer of CNX Gas Corporation, a New York Stock Exchange-listed
company, from its creation in 2005 through 2009.
CONSOL Energy Inc. (NYSE: CNX) is a Pittsburgh-based producer of natural gas and
coal. The company is one of the largest independent natural gas
exploration, development and production companies, with operations
centered in the major shale formations of the Appalachian basin.
CONSOL Energy deploys an organic growth strategy focused on rapidly
developing its resource base of 5.7 trillion cubic feet of proved
natural gas reserves, while the company's premium coal assets are
sold to electricity generators and steelmakers both domestically
and internationally. CONSOL Energy is a member of the
Standard & Poor's 500 Equity Index and the Fortune 500.
Additional information may be found at www.consolenergy.com.
Forward-Looking Statements
Various statements in this release, including those that express
a belief, expectation or intention, may be considered
forward-looking statements (as defined in Section 21E of the
Exchange Act) that involve risks and uncertainties that could cause
actual results to differ materially from projected results.
Accordingly, investors should not place undue reliance on
forward-looking statements as a prediction of actual results.
The forward-looking statements may include projections and
estimates concerning the timing and success of specific projects
and our future production, revenues, income and capital
spending. When we use the words "believe," "intend,"
"expect," "may," "should," "anticipate," "could," "estimate,"
"plan," "predict," "project," or their negatives, or other similar
expressions, the statements which include those words are usually
forward-looking statements. When we describe strategy that involves
risks or uncertainties, we are making forward-looking
statements. The forward-looking statements in this press
release, if any, speak only as of the date of this press release;
we disclaim any obligation to update these statements. We have
based these forward-looking statements on our current expectations
and assumptions about future events. While our management considers
these expectations and assumptions to be reasonable, they are
inherently subject to significant business, economic, competitive,
regulatory and other risks, contingencies and uncertainties, most
of which are difficult to predict and many of which are beyond our
control. These risks, contingencies and uncertainties relate to,
among other matters, the factors discussed in the 2013 Form 10-K
under "Risk Factors," as updated by any subsequent Form 10-Qs,
which are on file at the Securities and Exchange Commission.
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SOURCE CONSOL Energy Inc.