trending Market Intelligence /marketintelligence/en/news-insights/trending/uTFR-nr1fWO8VX6xRI_CZQ2 content esgSubNav
In This List

FERC chief of staff steps down; Rice brothers nominate 9 directors to EQT board


Insight Weekly: Recession risk persists; Banks pull back from crypto; 2022 laggard stocks rally


Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage


Energy Evolution | A transition to cleaner energy drives demand for new nickel mines


Energy Evolution | Looking ahead to the energy transition in 2023

FERC chief of staff steps down; Rice brothers nominate 9 directors to EQT board

S&P Global Market Intelligence presents a weekly rundown of recent executive management, board and regulatory changes in the energy industry. The moves are listed by sector in reverse chronological order.


* Meyer Burger Technology AG COO Daniel Lippuner will leave the company's executive board by the end of June, reducing the board's size to four, according to a March 21 news release.

* CellCube Energy Storage Systems Inc. appointed Stefan Schauss CEO. Schauss has served since April 2018 as president and CEO of the Ontario-based company's subsidiary, Enerox GmbH, according to a March 21 news release. Mike Neylan will continue as president. CellCube Energy also announced the resignation of CFO Chris Hopkins, who will be replaced by a team led by John Dyer. The company appointed Michael Nobrega, Brett Whalen and Henrik Mickkelsen as independent directors to replace Brian Stecyk, Neylan and Hopkins.

* David Cornhill, the founder of AltaGas Ltd., is stepping down as chairman of the company April 1 to pursue other interests and opportunities. Cornhill will remain on the board to ensure orderly transition and continuity, AltaGas said in a March 21 news release. The company's board appointed independent director Pentti Karkkainen to succeed Cornhill as chairman, effective April 2. Neil McCrank also will not stand for re-election as lead director at AltaGas' upcoming annual meeting as he has reached the retirement age.

* Bryan Schumaker will resign as chief accounting officer of First Solar Inc., effective May 10, to accept a position with another company, according to a March 21 SEC filing.

* Brett White will not stand for re-election to the boards of Edison International and Southern California Edison Co. at the annual meeting of shareholders to be held April 25, citing his increased duties as chairman and CEO of Cushman & Wakefield, according to a Form 8-K filed March 20.

* The Tennessee Valley Authority on March 20 announced that John Ryder was officially sworn in as a board member of the agency for a term expiring May 18, 2021.

* Neil Robson is joining the new top management at Senvion SA as chief restructuring officer, the German wind turbine manufacturer said March 20.

* Priority Power Management LLC appointed Justin Courtney executive vice president and CFO, according to a March 18 release.

* DTE Energy Co. appointed Mark Stiers president and COO of the company's power and industrial group, replacing David Ruud, who was named senior vice president of corporate strategy and development. Matthew Paul, vice president of plant operations for the company's electric generation, will succeed Stiers as president and COO of DTE Gas Co., according to a March 18 news release. The company promoted JoAnn Chávez to senior vice president, deputy general counsel and chief tax officer; Joi Harris to senior vice president of major enterprise projects; Renee Tomina to vice president of gas operations; and Ryan Stowe to vice president of distribution operations.

* Heiner Markhoff is stepping down as CEO of Suez SA unit Suez Water Technologies and Solutions SA on March 30. He will continue to work with the company in an advisory capacity, the French utility said in a March 14 news release. Yuvbir Singh will succeed Markhoff, effective April 8.

* Danske Commodities A/S appointed CFO Helle Østergaard Kristiansen its new CEO, effective April 1. Kristiansen is replacing founder Henrik Lind, who will remain with the Equinor ASA subsidiary as a member of the board of directors, according to a March 15 news release.

* Boralex Inc. appointed Patrick Decostre to the newly created position of vice president and COO, effective in July. Decostre, vice president and general manager of Boralex Europe, has been with the company for 17 years. He will be succeeded by Nicolas Wolff, who will start April 29 in Lyon to ensure a smooth transition, Boralex said March 15.

Oil and gas utility/midstream

* Vaalco Energy Inc. CFO Phil Patman will step down from his position, effective March 31, to pursue other interests. Chief Accounting Officer Elizabeth Prochnow will succeed Patman as CFO, effective April 1, according to a March 22 news release. Vaalco also named Michael Silver vice president and general counsel, effective April 1.

* Two senior executives of Philadelphia Energy Solutions Inc. have left the company amid a broader management overhaul and ongoing financial struggles, Reuters reported March 20, citing three sources familiar with the matter. The sources told Reuters that Philadelphia Energy Solutions President and COO Thomas Scargle and Chief Commercial Officer John Sadlowski have left the firm. Company spokeswoman Cherice Corley in an email to Reuters confirmed that Scargle will retire and that Sadlowski chose to leave the company.

* Encana Corp. named Corey Code CFO, succeeding Sherri Brillon, who will retire at the end of May. Code, who recently was vice president for investor relations and strategy, was also appointed executive vice president of Encana, according to a March 21 news release. His appointment as CFO and executive vice president will take effect May 1.

* Toby and Derek Rice, former executives at Rice Energy Inc. before EQT Corp. acquired the company, are nominating a slate of nine directors to EQT's board at its annual meeting July 10, amid their campaign to take control of the largest U.S. natural gas producer. The nominations include Toby Rice and another brother, Daniel Rice IV, who are partners at the energy-focused investment company Rice Investment Group; Kathryn Jackson; and John McCartney, according to a March 21 news release. Toby and Daniel Rice were previous executives of Rice Energy, while Jackson and McCartney formerly sat on its board. The nominees also include Jay Graham, Mark Leland, Lydia Beebe, Lee Canaan and Hallie Vanderhider.

* Marcellous Frye Jr. will step down as vice president for economic development and strategy of Washington Gas Light Co., effective no later than May 14, according to a March 19 SEC filing.

* State-controlled Petróleo Brasileiro SA - Petrobras said March 18 that Andrea Marques de Almeida was appointed chief financial and investor relations officer of the company. Rafael Salvador Grisolia, who had been holding the position temporarily and also is Petrobras' chief exploration and production officer, was named CEO of Petrobras Distribuidora SA, a subsidiary of Petrobras. The current president at Petrobras Distribuidora, Ivan de Sá, will return to Petrobras, where he had worked for 30 years, taking on several executive functions.

* Tallgrass Energy LP promoted COO William Moler to president, effective immediately. Moler will continue as COO of Tallgrass, while David Dehaemers Jr., who is president, will remain CEO, according to a March 18 news release.

* Justin Bird was appointed president of Sempra Energy subsidiary Sempra LNG, while Lisa Glatch was named COO. Bird was previously chief development officer of Sempra's North American Infrastructure business, the company said March 18. Glatch joined Sempra in 2018 as strategic initiatives officer and will continue to be board chairman of the company's subsidiary, Cameron LNG LLC.

* Colby Dunn resigned as chairman and a member of Harvest Oil & Gas Corp.'s board due to personal reasons. The company named current board member Steven Pully its new chairman and Tim Caflisch a new board member, according to a March 18 news release.

* AmeriGas Partners LP general partner AmeriGas Propane Inc. named Craig Dadamo controller and chief accounting officer, effective March 18. Dadamo replaces Laurie Bergman, who was named vice president, chief accounting officer and corporate controller of the general partner's parent UGI Corp., effective Feb. 11, according to a March 15 SEC filing.


* Hallador Energy Co. appointed R. Todd Davis chief accounting officer and senior vice president, according to a March 19 Form 8-K filing. He will also be principal accounting officer.

* XCoal Energy & Resources LLC appointed Paul Vining executive vice president of global investments and development, effective April 1, according to a March 16 release. Vining also said he would resign from the board of Foresight Energy LP's general partner Foresight Energy GP LLC effective March 25, according to a March 20 SEC filing.


* Anthony Pugliese, chief of staff for the Federal Energy Regulatory Commission, announced March 20 on Twitter that he had resigned from his position. A separate statement issued by the agency explained that Pugliese's resignation was effective March 15.