American Energy Announces Kurtis Z. Hoffman as Its Next Chief Operating Officer

Rhea-AI Summary

American Energy Partners, Inc. (OTC: AEPT) announced the appointment of Kurtis Z. Hoffman as Chief Operating Officer, effective January 1, 2022. Hoffman, who has extensive experience in the energy sector, previously held management roles at CNX Resources and other companies, overseeing budgets of up to $600 million. His addition is expected to enhance American Energy's operational framework and growth strategy. Josh Hickman will step down as COO but will remain President of a subsidiary, Hickman Geological Consulting.

Positive

• Appointment of experienced COO Kurtis Z. Hoffman could accelerate growth.
• Hoffman's past management of substantial budgets indicates strong operational capabilities.

Negative

• None.

ALLENTOWN, PA, Dec. 20, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- American Energy Partners, Inc. (“American Energy”) (OTC: AEPT), a diversified energy company, today announced that Kurtis Z. Hoffman has been hired as Chief Operating Officer for American Energy, effective January 1, 2022. Josh Hickman will step down as Chief Operating Officer and Board Member effective January 1, 2022, and continue his role as President of Hickman Geological Consulting, LLC, a wholly owned subsidiary of American Energy.

Mr. Hoffman previously served as a Vice President at CNX Resources. Mr. Hoffman has also served in management, operations, business development and engineering positions at CNX Midstream Partners LP, CONSOL Energy, Dominion Energy and BJ Services. In his previous roles, Mr. Hoffman was responsible for budgets up to six hundred million dollars and a staff of sixty-five people. Mr. Hoffman received a Bachelor of Science in Chemical Engineering from the University of Pittsburgh, an Executive Masters in Business Administration from West Virginia University and is a licensed Professional Engineer.

American Energy’s CEO Brad Domitrovitsch stated, “We are enthusiastic to welcome Mr. Hoffman to the American Energy team. His vast knowledge, experience, and deep understanding of the energy industry can accelerate American Energy’s growth for the foreseeable future while ensuring a stable operational foundation.”  

Mr. Hoffman commented on the announcement, “I am excited and honored to join American Energy. I look forward to working with all the employees, contractors and customers of American Energy to facilitate and carry out its strategic plan.”

American Energy Partners, Inc. (AEPT)

American Energy Partners, Inc. (AEPT) is a conglomerate holding company. American Energy provides shareholder value through the acquisition and growth of energy assets, energy and infrastructure services, and the design, build, and operations of regional water treatment facilities.

For additional information, visit: American Energy Partners, Inc.

Safe Harbor

This press release contains forward-looking statements, particularly as related to, among other things, the business plans of AEPT, statements relating to goals, plans and projections regarding AEPT’s financial position and business strategy. The words or phrases “would be,” “will allow,” “intends to,” “may result,” “are expected to,” “will continue,” “anticipates,” “expects,” “estimate,” “project,” “indicate,” “could,” “potentially,” “should,” “believe,” “think”, “considers” or similar expressions are intended to identify “forward-looking statements.” These forward-looking statements fall within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by these sections. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of global economic conditions, the performance of management and our employees, our ability to obtain financing, competition, general economic conditions and other factors that are detailed in our periodic reports and on documents we file from time to time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. AEPT cautions readers not to place undue reliance on such statements. AEPT does not undertake, and AEPT specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement. Actual results may differ materially from AEPT’s expectations and estimates.

Company Contact:                                                   

Contact@americanenergy-inc.com

FAQ

Who is the new COO of American Energy Partners, Inc. (AEPT)?

Kurtis Z. Hoffman has been appointed as the new Chief Operating Officer of American Energy Partners, Inc. (AEPT), effective January 1, 2022.

What previous experience does Kurtis Z. Hoffman have?

Kurtis Z. Hoffman has previously served in executive roles at CNX Resources and other companies, managing significant budgets and operations.

What is the significance of Kurtis Hoffman's appointment for AEPT?

Hoffman's appointment is expected to bolster American Energy's growth and operational efficiency, leveraging his industry expertise.

Who is stepping down from the COO position at AEPT?

Josh Hickman is stepping down as Chief Operating Officer and Board Member effective January 1, 2022, but will continue as President of Hickman Geological Consulting.