CONSOL Energy Inc. (NYSE: CNX) reports that J. Brett Harvey, chairman and CEO, will become executive chairman of the company, and that Nicholas J. DeIuliis, president, will become president and CEO of the company. DeIuliis has also been nominated for election to the board of directors at CONSOL Energy's annual shareholders' meeting. These executive management changes will become effective immediately after CONSOL Energy's annual meeting of shareholders on May 7.
Harvey has served as CEO since January 1998. Under his leadership, the company underwent an initial public offering in 1999, with an equity market capitalization of approximately $1 billion. By creating and implementing his strategic vision, CONSOL Energy now has a market value worth approximately $9 billion.
DeIuliis has served as president of CONSOL Energy since February 2011, and has over 23 years with the company, including in the positions of COO and senior vice president of strategic planning. He was also president and CEO of CNX Gas Corp., a New York Stock Exchange-listed company, from its creation in 2005 through 2009.