National Fuel Gas Announces Management Changes:
June 10 2010 - 5:30PM
Business Wire
National Fuel Gas Company (NYSE:NFG) (“National Fuel” or the
“Company”) is an integrated energy company with $5 billion of
assets spread across four principal segments. The largest of those
segments are: Exploration and Production (Seneca Resources
Corporation), Pipeline and Storage (National Fuel Gas Supply
Corporation and Empire Pipeline, Inc.) and Utility (National Fuel
Gas Distribution Corporation). Today, National Fuel announces the
following management changes, all to be effective July 1, 2010.
Ronald J. Tanski has been named President and Chief
Operating Officer of the Company. Tanski will no longer be
Treasurer and Principal Financial Officer of the Company, nor
President of National Fuel Gas Supply Corporation. David F. Smith
will continue to serve as Chairman and Chief Executive Officer.
In announcing this appointment, Mr. Smith said, “The skill,
leadership and commitment that Ron has brought to senior executive
positions in all the Company’s principal business units during his
31-year career will now be focused entirely on National Fuel’s
overall business. Ron and I have worked together during our entire
careers, and I am completely confident that Ron’s performance in
his new role will be outstanding. The Board’s election of Ron to
this position is evidence of the high regard and trust in which Ron
is held by the Company’s Board of Directors and the investment
community.”
Tanski joined National Fuel in 1979 and has served in a variety
of positions in both the regulated and non-regulated businesses.
Since 2004, Tanski has been Treasurer and Principal Financial
Officer of the Company, and primarily responsible for the Company’s
relationships with analysts, investors and credit rating agencies.
Since 2008, he has also served as President of National Fuel Gas
Supply Corporation. Before that, he served as President of National
Fuel Gas Distribution Corporation. His experience also includes
high-level management positions at Seneca Resources Corporation, in
Houston, Texas; Empire Exploration, Inc., the Company’s Appalachian
exploration and production subsidiary whose operations were merged
with Seneca Resources in 1994; and Horizon Energy Development, Inc.
Tanski earned a Bachelor of Arts in biology, Master of Business
Administration and Juris Doctor degree from the State University of
New York at Buffalo. He is a Board member of the Interstate Natural
Gas Association of America (INGAA) and is a member of the Council
of Accountancy at Canisius College. He resides in Tonawanda, New
York.
Matthew D. Cabell, who will continue to serve as
President of Seneca Resources Corporation, has been named a Senior
Vice President of the Company.
“In the 3 ½ years since Matt joined the Company, the team he has
assembled has redirected our Exploration and Production business
and made it a driver of the Company’s success and growth strategy.
During his tenure, we sold our Canadian assets, began to
de-emphasize the Gulf of Mexico and commenced our successful
Marcellus Shale program. Matt’s leadership has made these
achievements possible. His election as a senior executive of the
parent company is further recognition of his contributions and the
importance of Exploration and Production to the Company and its
shareholders,” Smith said.
Cabell joined National Fuel in 2006 after 25 years of experience
in the energy industry. He was a Division Geologist with Amerada
Hess Corporation, Vice President – Gulf of Mexico Exploration with
Texaco Corporation and Executive Vice President and General Manager
with Marubeni Oil and Gas. Cabell earned a Bachelor of Science in
geology from the University of Michigan and Master of Business
Administration from Cornell University. He is a member of the
American Natural Gas Alliance (ANGA) and the American Exploration
& Production Council (AXPC). Cabell resides in Houston,
Texas.
David P. Bauer has been named Treasurer and Principal
Financial Officer of the Company, and will be responsible for the
Company’s accounting, tax and finance departments.
“Dave has for many years been a key contributor to the Company’s
financial strategy. His depth of knowledge in the increasingly
complex arenas of finance, ratemaking and accounting makes him the
ideal person to provide stability in this vital position,” said
Smith.
Bauer joined National Fuel in 2001 after 10 years at what is now
PricewaterhouseCoopers LLP. He is a Certified Public Accountant,
and earned a Bachelor of Science in accounting at Boston College.
Bauer is a Trustee and the Chairman of the Audit Committee of
Canisius High School, and a Board member of the YMCA Niagara
Buffalo. He resides in Clarence, New York.
John R. Pustulka, currently Senior Vice President of
National Fuel Gas Supply Corporation, has been named President of
that company.
Smith said, “John has spent his entire 35-year career in our
interstate pipeline business. His understanding of the interstate
natural gas industry, including the capabilities and opportunities
associated with the Company’s complex system of pipelines, storage
fields and related facilities, plus his work ethic and energy, make
him the right person for the position of President of one of our
two pipeline businesses.”
Pustulka joined National Fuel in 1974. He has been an officer of
National Fuel Gas Supply Corporation since 1990, and has been at
the heart of all the Company’s Pipeline and Storage projects and
operations for many years. Pustulka earned a Bachelor of Science in
civil engineering from the State University of New York at Buffalo
and a Master of Business Administration from Canisius College. He
is on the Board of Directors of the Pipeline Research Council
International, Inc. and the Interstate Natural Gas Association of
America Foundation, Inc., and a member of the INGAA Operations
Safety & Environment Committee. He resides in West Seneca, New
York.
“One of the keys to our success is our leadership team, a group
that has more than 250 years of experience in managing the valuable
portfolio of assets that comprise National Fuel Gas Company. The
depth of our management pool has enabled us to retain key people
for the long term and to maintain a healthy mix of promotions from
within and recruitment from outside the Company. We are confident
that our latest senior level appointments will strongly position
National Fuel for continued success,” Smith concluded.
National Fuel is an integrated energy company with $5.0 billion
in assets comprised of the following four operating segments:
Exploration and Production, Pipeline and Storage, Utility, and
Energy Marketing. Additional information about National Fuel is
available at www.nationalfuelgas.com or through its investor
information service at 1-800-334-2188.
National Fuel Gas (NYSE:NFG)
Historical Stock Chart
From May 2024 to Jun 2024
National Fuel Gas (NYSE:NFG)
Historical Stock Chart
From Jun 2023 to Jun 2024