Chesapeake Utilities' CFO Beth Cooper to Retire; COO Jeff Sylvester Takes Over Position

Chesapeake Utilities' Leadership Transition: A New Era Ahead

Chesapeake Utilities Corporation is gearing up for a pivotal leadership change as its executive vice president and chief financial officer, Beth Cooper, has announced her retirement effective June 30, 2026. Cooper's departure will conclude an impressive 36-year tenure with the company, during which she played a crucial role in its financial and strategic evolution. Jeff Sylvester, the current chief operating officer, has been appointed as her successor, starting July 1, 2026.

Beth Cooper: A Legacy of Growth

Having joined Chesapeake Utilities in 1990, Cooper quickly rose through the ranks, contributing significantly to the company’s growth and financial health. She became CFO in September 2008 and has been a driving force behind the company’s impressive earnings growth and operational effectiveness. Under her guidance, Chesapeake Utilities strengthened its balance sheet and maintained rigorous financial discipline, leading to sustained long-term growth.

Jeff Householder, the chair of the Board and CEO of Chesapeake Utilities, expressed deep gratitude for Cooper's contributions, stating, "Her passion for the Company and her strength in building relationships have had an outsized impact on who we are today." Cooper herself reflected on her career with pride, commenting on the teamwork and commitment that have characterized her time at the company.

A Seamless Transition to Jeff Sylvester

Stepping into Cooper’s shoes is Jeff Sylvester, who has been associated with Chesapeake Utilities since 2004. Sylvester’s extensive background in finance and operations positions him well for the new role. His prior experience includes serving as vice president of customer care and leading significant operational strategies that align with the company's objectives.

Delving deeper into Sylvester's professional journey, he held positions at Florida Public Utilities and Black Hills Energy before returning to Chesapeake Utilities in 2019. As COO since 2022, he has spearheaded company operations, enhancing customer care and project development. His academic credentials—a Bachelor’s degree in finance management and an MBA—provide him with the theoretical foundation to navigate the company's future challenges and opportunities.

Householder affirmed Sylvester's capabilities, stating, "Jeff brings deep financial and operational knowledge of our business, which is critical for our next stage of growth and development." His familiarity with the company’s strategic plans and growth pillars will be invaluable as Chesapeake Utilities continues to expand.

Looking Ahead: Chesapeake Utilities’ Future

As Beth Cooper embarks on her retirement journey, the entire Chesapeake Utilities team acknowledges her dedication and leadership, which have left a lasting imprint on the company. With Jeff Sylvester preparing to lead the organization into its next chapter, stakeholders can expect a commitment to continued growth, community engagement, and energy solutions that empower customers.

Chesapeake Utilities Corporation remains a leader in the energy sector, known for its diversified delivery of energy services including natural gas and electricity. The transition in leadership comes at a time when the company is poised for innovation and sustained success. Both Cooper and Sylvester have emphasized the importance of teamwork and strategic vision, ensuring that the legacy of excellence will continue even as leadership evolves.

In conclusion, the upcoming leadership change at Chesapeake Utilities signifies not only the end of an era with Beth Cooper's retirement but also the promise of exciting new developments under Jeff Sylvester's guidance. With a strong strategic focus and the commitment to operational excellence, Chesapeake Utilities is well-positioned for future challenges and opportunities to foster growth and serve its communities effectively.