Southwestern Energy Announces Appointment of Chief Financial Officer
July 15 2021 - 4:56PM
Business Wire
Southwestern Energy Company (NYSE: SWN) today announced that
Carl Giesler Jr. will join the company as Executive Vice President
and Chief Financial Officer on July 19, 2021. Michael Hancock, who
has served as CFO on an interim basis, will continue as Vice
President - Finance & Treasurer.
"I am pleased to welcome Carl to the team at an impactful time
for Southwestern Energy," said Bill Way, President and Chief
Executive Officer. "Carl’s distinctive strategic perspective and
disciplined approach to driving shareholder value complement the
Company’s existing strategy and leadership team and will help build
on SWN’s strong momentum. I want to thank Michael for the steady
hand he provided these past many months and look forward to more of
his exceptional work as a valued leader of the Company."
Mr. Giesler has more than 25 years of experience serving in
various oil and gas finance, investing, and public company
executive officer roles, including most recently at SandRidge
Energy, Inc. Mr. Giesler received a bachelor's degree from the
University of Virginia and a juris doctorate from Harvard Law
School. He is a Chartered Financial Analyst.
About Southwestern Energy
Southwestern Energy Company (NYSE: SWN) is a leading U.S.
producer of natural gas and natural gas liquids focused on
responsibly developing large-scale energy assets in the nation’s
most prolific shale gas basins. SWN’s returns-driven strategy
strives to create sustainable value for its stakeholders by
leveraging its scale, financial strength and operational execution.
For additional information, please visit www.swn.com and
www.swn.com/responsibility.
Forward Looking Statement
Certain statements and information in this news release may
constitute “forward-looking statements” within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Exchange Act, as amended. The words “believe,” “expect,”
“anticipate,” “plan,” "predict," “intend,” "seek," “foresee,”
“should,” “would,” “could,” “attempt,” “appears,” “forecast,”
“outlook,” “estimate,” “project,” “potential,” “may,” “will,”
“likely,” “guidance,” “goal,” “model,” “target,” “budget” and other
similar expressions are intended to identify forward-looking
statements, which are generally not historical in nature.
Statements may be forward looking even in the absence of these
particular words. Examples of forward-looking statements include,
but are not limited to, statements regarding the proposed
acquisition of Indigo Natural Resources LLC (the “Proposed
Transaction”), expected synergies and other benefits from and costs
in connection with the Proposed Transaction, estimated financial
metrics giving effect to the Proposed Transaction, our financial
position, business strategy, production, reserve growth and other
plans and objectives for our future operations, and generation of
free cash flow. These forward-looking statements are based on our
current expectations and beliefs concerning future developments and
their potential effect on us. The forward-looking statements
contained in this document are largely based on our expectations
for the future, which reflect certain estimates and assumptions
made by our management. These estimates and assumptions reflect our
best judgment based on currently known market conditions, operating
trends, and other factors. Although we believe such estimates and
assumptions to be reasonable, they are inherently uncertain and
involve a number of risks and uncertainties that are beyond our
control. As such, management’s assumptions about future events may
prove to be inaccurate. For a more detailed description of the
risks and uncertainties involved, see “Risk Factors” in our most
recently filed Annual Report on Form 10-K, subsequent Quarterly
Reports on Form 10-Q, Current Reports on Form 8-K, and other SEC
filings. We do not intend to publicly update or revise any
forward-looking statements as a result of new information, future
events, changes in circumstances, or otherwise. These cautionary
statements qualify all forward-looking statements attributable to
us, or persons acting on our behalf. Management cautions you that
the forward-looking statements contained herein are not guarantees
of future performance, and we cannot assure you that such
statements will be realized or that the events and circumstances
they describe will occur. Factors that could cause actual results
to differ materially from those anticipated or implied in the
forward-looking statements herein include, but are not limited to:
the timing and extent of changes in market conditions and prices
for natural gas, oil and natural gas liquids (“NGLs”), including
regional basis differentials and the impact of reduced demand for
our production and products in which our production is a component
due to governmental and societal actions taken in response to
COVID-19 or other public health crises and any related company or
governmental policies and actions to protect the health and safety
of individuals or governmental policies or actions to maintain the
functioning of national or global economies and markets; our
ability to fund our planned capital investments; a change in our
credit rating, an increase in interest rates and any adverse
impacts from the discontinuation of the London Interbank Offered
Rate; the extent to which lower commodity prices impact our ability
to service or refinance our existing debt; the impact of volatility
in the financial markets or other global economic factors;
difficulties in appropriately allocating capital and resources
among our strategic opportunities; the timing and extent of our
success in discovering, developing, producing and estimating
reserves; our ability to maintain leases that may expire if
production is not established or profitably maintained; our ability
to realize the expected benefits from recent acquisitions or the
Proposed Transaction; costs in connection with the Proposed
Transaction; the consummation of or failure to consummate the
Proposed Transaction and the timing thereof; costs in connection
with the Proposed Transaction; integration of operations and
results subsequent to the Proposed Transaction; our ability to
transport our production to the most favorable markets or at all;
the impact of government regulation, including changes in law, the
ability to obtain and maintain permits, any increase in severance
or similar taxes, and legislation or regulation relating to
hydraulic fracturing, climate and over-the-counter derivatives; the
impact of the adverse outcome of any material litigation against us
or judicial decisions that affect us or our industry generally; the
effects of weather; increased competition; the financial impact of
accounting regulations and critical accounting policies; the
comparative cost of alternative fuels; credit risk relating to the
risk of loss as a result of non-performance by our counterparties;
and any other factors listed in the reports we have filed and may
file with the SEC that are incorporated by reference herein. All
written and oral forward-looking statements attributable to us are
expressly qualified in their entirety by this cautionary
statement.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210715006053/en/
Investor Contacts Brittany Raiford Director, Investor
Relations (832) 796-7906 brittany_raiford@swn.com
Bernadette Butler Investor Relations Advisor (832) 796-6079
bernadette_butler@swn.com
Southwestern Energy (NYSE:SWN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Southwestern Energy (NYSE:SWN)
Historical Stock Chart
From Apr 2023 to Apr 2024