National Fuel Gas Co. (NYSE:NFG) reports that David F. Smith, executive chairman of the board, has indicated his intention to retire, effective April 1, 2014. Smith will continue to serve as chairman of the board of directors.
Smith joined National Fuel in 1978 and had been CEO from February 2008 until March 2013. He was elected to the company’s board of directors in 2007, and was named chairman of the board in 2010. During his more than 35-year tenure with the company, he has served as president of National Fuel Gas Supply Corp., National Fuel Gas Distribution Corp., Empire Pipeline Inc., and National Fuel Resources Inc.
National Fuel is an integrated energy company with $6.2 billion in assets comprising the following five operating segments: exploration and production, pipeline and storage, gathering, utility, and energy marketing.