#United States #Pittsburgh #CNX Resources #Alan Shepard #Nick Deiuliis

Alan Shepard to Step into Leadership Role at CNX Resources Corporation

On September 22, 2025, CNX Resources Corporation, a prominent player in natural gas development, announced the appointment of Alan Shepard as the next Chief Executive Officer (CEO), effective from January 1, 2026. Shepard, who currently holds the positions of President and Chief Financial Officer, will succeed Nick Deiuliis, who has served as CEO for 35 years and plans to retire at the end of 2025. Notably, Deiuliis will remain involved with the company, transitioning to a role on the Board of Directors.

Deiuliis expressed his pride in his tenure, reflecting on the talented team and the company’s achievements over the years. He endorsed Shepard's leadership, stating, "Alan has earned the trust and confidence of our Board, employees, and shareholders. I am excited to watch him lead CNX to great things in the years ahead."

The Board of Directors' Chairman, Ian McGuire, also praised Shepard’s contributions since rejoining the company in 2020. "His understanding of our operations and commitment to creating long-term shareholder value, along with his passion for making a positive impact on Appalachian communities, make him the ideal leader for CNX," McGuire said.

With over 20 years of experience in the energy sector, Shepard has significantly influenced CNX since taking on the CFO role in June 2022 and the presidency in June 2025. Speaking on his new role, Shepard noted, "I am humbled and excited by the opportunity to lead this storied regional institution. Our guiding principles remain focused on optimizing long-term per-share value and capital allocation while advancing our legacy as the leading energy company in Appalachia."

As CNX prepares for this transition, the search for a new Chief Financial Officer is underway and expected to conclude by year-end. The company remains committed to its Sustainable Business Model that emphasizes a responsibility towards its stakeholders and the communities it operates within.

About CNX Resources Corporation

CNX Resources Corporation is a leading natural gas company rooted in Appalachia, recognized for its environmentally responsible practices. The firm shines as an ultra-low carbon intensive entity within the natural gas industry, boasting a 161-year legacy and a substantial asset base. It operates with the goal of creating long-term value for shareholders while being active in community initiatives.

The company manages 8.54 trillion cubic feet equivalent of proved natural gas reserves as of December 31, 2024, and is also a member of the Standard & Poor's Midcap 400 Index. By deploying innovative methodologies and sophisticated capital allocation, CNX aims to responsibly develop its resources, ensuring a sustainable and profitable future for all stakeholders involved.

As CNX looks ahead, the transition to new leadership under Alan Shepard marks a pivotal moment, promising a continued commitment to innovative energy solutions that prioritize both economic and community well-being.