Marianella Foschi Joins Ascent Resources as New CFO to Lead Financial Strategy

Ascent Resources Welcomes Marianella Foschi as Chief Financial Officer

Ascent Resources, LLC, a prominent natural gas producer in the United States, has announced a significant leadership change, appointing Marianella Foschi as its new Chief Financial Officer (CFO). Her appointment takes effect on March 1, 2026, marking a pivotal moment for the company as it seeks to enhance its financial strategy and operations.

Marianella Foschi brings a wealth of experience to her new role, having established herself as a key player in the energy sector. Her most recent position was as CFO and Treasurer of Civitas Resources, where she played a crucial role in steering the company through a merger with SM Energy in January 2026. During her tenure at Civitas, she guided the organization through notable growth phases and operational integration, further demonstrating her capability in managing complex financial environments.

Before her time at Civitas, Foschi gained substantial expertise at Extraction Oil & Gas, starting there in 2015. She quickly ascended through the ranks, ultimately being named CFO in January 2021. Her previous experiences include an Associate position at The Blackstone Group, where she focused on energy investments, and earlier roles in energy investment banking at Credit Suisse.

Foschi’s educational background is equally impressive; she holds a Bachelor of Business Administration in Finance and a Bachelor of Arts in Economics from The University of Texas at Austin. This solid academic foundation complements her extensive practical experience, making her a perfect fit for Ascent Resources' financial leadership.

In response to her appointment, Brooks Shughart, Ascent's CEO and current CFO, expressed enthusiasm about Foschi joining the team. He highlighted her deep financial expertise, proven leadership skills, and strategic mindset as invaluable assets that will support Ascent as it aims for long-term success. Shughart will transition into a full-time CEO role, focusing on the broader strategic vision of the company.

Foschi herself expressed excitement about joining Ascent Resources, noting the company’s strong asset base and commitment to operational excellence. She stated, "I am honored to join this talented team at such an exciting time for the Company. Ascent has a strong asset base, a demonstrated track record of operational and cost excellence, and a clear strategic vision. I look forward to contributing to the Company's continued growth and maximizing value for our stakeholders."

Ascent Resources is one of the largest private producers of natural gas in the U.S., with a particular focus on exploring and developing its properties across the Utica Shale region in southern Ohio. The company is committed to not only providing affordable energy but also ensuring that their operations are environmentally responsible.

As they move forward, the leadership under Foschi aims to leverage her rich background in finance and strategic growth to further solidify Ascent's position in the natural gas market. With her at the helm of financial operations, investors and stakeholders can anticipate robust strategies aimed at maximizing the company's asset potential while adhering to environmental standards.

This leadership transition comes at a critical juncture, with the energy market continually evolving and requiring innovative strategies to remain competitive. Ascent Resources looks poised to navigate these challenges effectively with Foschi's guidance, setting the stage for future successes in the energy sector.