SPRING, Texas, July 15, 2021 – (BUSINESS WIRE) – Southwestern Energy Company (NYSE: SWN) today announced that Carl Giesler Jr. will join the company as Executive Vice President and Chief Financial Officer on July 19, 2021 will occur. Michael Hancock, who served as CFO on an interim basis, will continue to serve as Vice President – Finance & Treasurer.
“I am delighted to have Carl on the team at an important time for Southwestern Energy,” said Bill Way, president and chief executive officer. “Carl’s distinctive strategic perspective and disciplined approach to increasing shareholder value complement the company’s existing strategy and leadership team and will help build on SWN’s strong momentum. I would like to thank Michael for the steady hand he has shown over the past Months ago, and I look forward to more of “his exceptional work as a valued company executive.”
Mr. Giesler has over 25 years of experience in a variety of positions in oil and gas finance, investment and public companies, including most recently at SandRidge Energy, Inc. Mr. Giesler holds a bachelor’s degree from the University of Virginia and a doctorate in law from Harvard Law School. He is a Chartered Financial Analyst.
About Southwestern Energy
Southwestern Energy Company (NYSE: SWN) is a leading US manufacturer of natural gas and natural gas liquids focused on the responsible development of large power plants in the country’s most productive shale gas basins. SWN’s return-oriented strategy aims to create sustainable value for its stakeholders by leveraging their size, financial strength and operational execution. More information is available at www.swn.com and www.swn.com/responsibility.
Certain statements and information in this press release may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act, as amended. The words “believe”, “expect”, “anticipate”, “plan”, “predict”, “intend”, “seek”, “foresee”, “should”, “would”, “could”, “try”, “appears”, “forecast”, “outlook”, “estimate”, “project”, “potential”, “can”, “will”, “likely”, “guideline”, “goal”, “model”, “goal” “,” “Budget” and other similar expressions are intended to identify forward-looking statements that are generally not historical in nature. Statements without these specific words may be forward-looking. Examples of forward-looking statements include, but are not limited to, statements regarding the proposed acquisition of Indigo Natural Resources LLC (the “Proposed Transaction”), anticipated synergies and other benefits and costs related to the Proposed Transaction, estimated financial ratios, implementation of the Proposed Transaction, our financial condition, business strategy, production, reserve growth and other plans and objectives for our future operations and di e Generation of free cash flow. These forward-looking statements are based on our current expectations and beliefs with regard to future developments and their possible effects on us. The forward-looking statements contained in this document are largely based on our expectations for the future, which reflect certain estimates and assumptions made by our management. These estimates and assumptions reflect our best judgment based on currently known market conditions, operating trends, and other factors. Although we believe such estimates and assumptions to be reasonable, they are inherently uncertain and involve a number of risks and uncertainties over which we have no control. Therefore, management’s assumptions about future events may prove to be incorrect. For a more detailed description of the associated risks and uncertainties, see “Risk Factors” in our most recently filed Annual Report on Form 10-K, subsequent quarterly reports on Form 10-Q, current reports on Form 8-K, and other SEC filings. We do not intend to publicly update or revise any forward-looking statements as a result of new information, future events, changed circumstances or for any other reason. These cautionary statements qualify any forward-looking statements attributed to us or those acting on our behalf. Management advises you that the forward-looking statements contained herein are no guarantees of future performance and we cannot give any assurance that such statements will occur or that the events and circumstances described therein will occur. Factors that could cause actual results to differ materially from those anticipated or implied in any forward-looking statement include, but are not limited to, the timing and extent of changes in market conditions and prices for natural gas, oil and natural gas liquids (“NGLs “), Including regional base differences and the impact of reduced demand for our production and products that our production is a part of due to government and societal action in response to COVID-19 or other public health crises and related companies or government policies and Measures to protect the health and safety of persons or government guidelines or measures to maintain the functioning of national or global economies and markets; our ability to fund our planned capital investments; a change in our creditworthiness, an increase in interest rates and any adverse effects from the discontinuation of the London Interbank Offered Rate; the extent to which lower raw material prices affect our ability to service or refinance our existing debt; the effects of volatility in financial markets or other global economic factors; Difficulty in appropriately distributing capital and resources among our strategic capabilities; the timing and extent of our success in discovering, developing, producing and estimating reserves; our ability to maintain leases that can expire if production is not built up or profitably maintained; our ability to realize the anticipated benefits from the recent acquisitions or proposed transaction; Costs related to the proposed transaction; the completion or non-completion of the proposed transaction and the timing for it; Costs related to the proposed transaction; Integration of operations and results after the planned transaction; our ability to move our production to the cheapest markets or at all; the effects of government regulations, including changes to the law, the ability to obtain and maintain permits, any increase in severance pay or similar taxes, and laws or regulations relating to hydraulic fracturing, climate and OTC derivatives; the impact of the negative outcome of material legal disputes against us or court decisions that affect us or our industry in general; the effects of the weather; increased competition; the financial impact of accounting rules and critical accounting principles; the comparative cost of alternative fuels; Credit risk in relation to the risk of loss as a result of default by our counterparties; and all other factors set out in reports that we have filed and may file with the SEC, which are incorporated herein by reference. All written and oral forward-looking statements attributed to us are expressly restricted in their entirety by this warning notice.
The story goes on
View source version on businesswire.com: https://www.businesswire.com/news/home/20210715006053/en/
Director, Investor Relations
Investor Relations Advisor