PITTSBURGH, Dec. 1, 2023
/PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) ("CNX" or
"the company") today announced that Timothy
S. Bedard will join the company this month as Executive Vice
President, General Counsel, and Corporate Secretary.
Most recently, Mr. Bedard served as the head of legal for Visa's
Value Added Services business where he led a team of lawyers and
legal professionals responsible for all legal and regulatory issues
related to Visa's Value Added Services. Prior to his Value Added
Services role, he served as Visa's chief intellectual property (IP)
counsel where he led a worldwide team of lawyers and IP
professionals responsible for IP licensing, patent litigation,
technology transactions, M&A-related IP issues, and patent
preparation and prosecution. Prior to Visa, Mr. Bedard spent a
decade leading IP strategy across Johnson & Johnson's medical
device operating companies. Mr. Bedard began his legal career as an
IP litigator at Kirkpatrick & Lockhart, now K&L Gates LLP.
Prior to law school he served as an officer in the U.S. Navy. Mr.
Bedard holds a BS in Industrial Engineering from the University of Pittsburgh, a Juris Doctor from the
Duquesne University School of Law, and
an MBA from Yale.
"We are incredibly excited for Tim to join our already deep and
talented executive management team at CNX," commented Nick DeIuliis, President and CEO. "We continue
to attract world-class talent across our executive management
ranks, which I believe is a direct reflection of our best-in-class
asset base and opportunity-set that affords our leaders the
opportunity to create meaningful shareholder value. Tim's extensive
expertise in IP and technology and significant depth of experience
partnering with management teams will be a critical element in
accelerating the growth of our New Tech business opportunities and
the continued execution of our sustainable business
model."
Tim is replacing former Executive Vice President, General
Counsel and Secretary Alexander J.
Reyes. CNX and Mr. Reyes have mutually agreed that he will
separate from service without cause from the company later this
month. After over 16 total years of dedicated service in various
roles over two separate timeframes and his many meaningful
contributions to the company, Mr. Reyes is departing the company to
pursue other career opportunities.
About CNX Resources
CNX Resources Corporation
(NYSE: CNX) is unique. We are a premier, low carbon
intensive natural gas development, production, midstream, and
technology company centered in Appalachia, one of the most energy
abundant regions in the world. With the benefit of a 158-year
regional legacy, substantial asset base, leading core operational
competencies, technology development and innovation, and astute
capital allocation methodologies, we responsibly develop our
resources and deploy free cash flow to create long-term per share
value for our shareholders, employees, and the communities where we
operate. As of December 31,
2022, CNX had 9.81 trillion cubic feet
equivalent of proved natural gas reserves. The company is a member
of the Standard & Poor's Midcap 400 Index.
Additional information is available at
www.cnx.com.
Cautionary Statements
We are including the following cautionary statement in
this press release to make applicable and take advantage of the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995 for any forward-looking statements made by, or on
behalf of us. With the exception of historical matters, the matters
discussed in this press release are forward-looking statements (as
defined in 21E of the Securities Exchange Act of 1934 (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. These
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,"
"will," or their negatives, or other similar expressions, the
statements which include those words are usually forward-looking
statements. When we describe a strategy that involves risks or
uncertainties, we are making forward-looking statements. The
forward-looking statements in this press release 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.
Specific factors that could cause future actual results to differ
materially from the forward-looking statements are described in
detail under the captions "Forward-Looking Statements" and "Risk
Factors" in our Annual Report on Form 10-K for the year ended
December 31, 2022 filed with the
Securities and Exchange Commission (SEC) and any subsequent reports
filed with the SEC. Those risk factors discuss, among other
matters, pricing volatility or pricing decline for natural gas
and NGLs; local, regional and national economic
conditions and the impact they may have on our customers; the
impact of events beyond our control, including a global or domestic
health crisis; dependence on gathering, processing and
transportation facilities and other midstream facilities owned by
others; conditions in the oil and gas industry; our current
long-term debt obligations, and the terms of the agreements that
govern that debt; strategic determinations, including the
allocation of capital and other resources to strategic
opportunities; cyber-incidents targeting our systems, oil and
natural gas industry systems and infrastructure, or the systems of
our third-party service providers; and changes in safety, health,
environmental and other regulations.
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SOURCE CNX Resources Corporation