Montage Resources Corporation Announces Randall M. Albert to Succeed Michael Jennings as Chairman of the Board of Directors
16 Dicembre 2019 - 10:12PM
Business Wire
Montage Resources Corporation (NYSE:MR) (the “Company” or
“Montage Resources”) today announced that Michael Jennings,
Chairman of the Board, has resigned from the board of directors of
the Company (the "Board") effective as of December 13, 2019 in
order to focus his efforts on his recent appointment as CEO and
President of HollyFrontier Corporation (NYSE: HFC)
(“HollyFrontier”), to which he was appointed effective as of
January 1, 2020, as announced by HollyFrontier on November 15,
2019. The resignation was not the result of any disagreement with
the Company or any of its affiliates on any matter relating to the
Company's operations, policies or practices. In connection with Mr.
Jennings' resignation from the Board, the size of the Board was
reduced from ten members to nine members and Randall M. Albert,
currently a member of the Board, was appointed as Chairman of the
Board and will serve on the Company’s Audit Committee and
Compensation Committee.
John Reinhart, President and CEO, commented, “On behalf of my
fellow directors, the Company's management team, and its
shareholders, I would like to thank Mike for his service to Montage
Resources over these past few years. Mike joined the Board in 2016
and has provided valuable leadership, insight and assistance to the
Company's progress during his tenure. We are grateful for his
contributions and wish him the very best in the future.
Additionally, we are extremely pleased with the Board’s decision to
appoint Randy as our new Chairman. He has many years of valuable
operational experience in the Appalachian Basin and we look forward
to his stewardship in this vital role.”
Randall M. Albert previously served as a member of the board of
Montage Resources' predecessor (Eclipse Resources Corporation)
since June 2014 and was elected Lead Independent Director of
Eclipse Resources Corporation in November 2014. Mr. Albert served
as the Chief Operating Officer of the Gas Division of CONSOL Energy
Inc., a producer of coal and natural gas (“CONSOL”), from 2010
until January 2014. From 2005 until 2010, he was the operational
leader of CONSOL’s gas business in Northern Appalachia. Mr. Albert
began working for CONSOL in 1979 and was selected to lead the
operation of its coal bed methane gas business in Southern
Appalachia in 1985. He is a board member of Wellsite Fishing and
Rentals, and an Advisory board member to Gas Field Services and
Black Bay Energy Capital, and he served as a founding advisory
member of the board and chairman of the Marcellus Shale Coalition.
Additionally, he currently serves on the advisory board for the
Virginia Tech Mining Engineering Department. Mr. Albert is a
Registered Professional Engineer in Virginia and West Virginia and
holds a B.S. degree in Mining Engineering from Virginia Polytechnic
Institute and State University, where in 2016 Mr. Albert was
inducted into the Academy of Engineering Excellence, the highest
honor bestowed on College of Engineering graduates at Virginia
Tech.
About Montage Resources
Montage Resources is an exploration and production company with
approximately 218,000 net effective undeveloped acres currently
focused on the Utica and Marcellus Shales of southeast Ohio, West
Virginia and North Central Pennsylvania. For more information,
please visit the Company’s website at www.montageresources.com.
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Montage Resources Corporation Douglas Kris, Investor Relations
(469) 444-1736 dkris@mresources.com
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