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National Fuel Announces Executive Management Change

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National Fuel Gas Company (NYSE: NFG) announced that Donna L. DeCarolis, President of National Fuel Gas Distribution , will retire effective July 1, 2025, after over 40 years of service. DeCarolis will continue as a Senior Energy Advisor, focusing on New York's energy policy matters.

DeCarolis, who has served as Utility President since 2019, has been a prominent advocate for natural gas customers, emphasizing affordable and reliable energy options. She was one of three energy executives who voted against the NY Climate Action Council's Scoping Plan, citing concerns about customer affordability, energy reliability, and business competitiveness.

Michael Colpoys, currently Senior Vice President, will succeed DeCarolis as President of National Fuel Gas Distribution The utility segment serves 2.2 million residents in Western New York and Northwestern Pennsylvania.

National Fuel Gas Company (NYSE: NFG) ha annunciato che Donna L. DeCarolis, Presidente di National Fuel Gas Distribution, si ritirerà il 1° luglio 2025, dopo oltre 40 anni di servizio. DeCarolis continuerà come Senior Energy Advisor, concentrandosi sulle questioni relative alla politica energetica di New York.

DeCarolis, che ricopre il ruolo di Presidente dell'Utility dal 2019, è stata una sostenitrice di spicco per i clienti del gas naturale, sottolineando l'importanza di opzioni energetiche accessibili e affidabili. È stata una delle tre dirigenti energetiche che hanno votato contro il Piano di Scoping del NY Climate Action Council, esprimendo preoccupazioni riguardo all'accessibilità per i clienti, all'affidabilità energetica e alla competitività aziendale.

Michael Colpoys, attualmente Senior Vice President, succederà a DeCarolis come Presidente di National Fuel Gas Distribution. Il segmento utility serve 2,2 milioni di residenti nel Western New York e nel Northwestern Pennsylvania.

National Fuel Gas Company (NYSE: NFG) anunció que Donna L. DeCarolis, Presidenta de National Fuel Gas Distribution, se retirará el 1 de julio de 2025, después de más de 40 años de servicio. DeCarolis continuará como Asesora Energética Senior, enfocándose en los asuntos de política energética de Nueva York.

DeCarolis, quien ha sido Presidenta de la Utility desde 2019, ha sido una defensora destacada de los clientes de gas natural, enfatizando opciones energéticas asequibles y confiables. Fue una de las tres ejecutivas de energía que votaron en contra del Plan de Alcance del Consejo de Acción Climática de Nueva York, citando preocupaciones sobre la asequibilidad para los clientes, la confiabilidad energética y la competitividad empresarial.

Michael Colpoys, actualmente Vicepresidente Senior, sucederá a DeCarolis como Presidente de National Fuel Gas Distribution. El segmento de servicios públicos atiende a 2.2 millones de residentes en el oeste de Nueva York y el noroeste de Pennsylvania.

내셔널 연료 가스 회사 (NYSE: NFG)는 도나 L. 디카롤리스가 내셔널 연료 가스 배급의 사장직에서 2025년 7월 1일부로 은퇴한다고 발표했습니다. 디카롤리스는 뉴욕의 에너지 정책 문제에 집중하는 선임 에너지 고문으로 계속 활동할 예정입니다.

디카롤리스는 2019년부터 유틸리티 사장으로 재직하며 천연가스 고객을 위한 강력한 지지자가 되어왔으며, 저렴하고 신뢰할 수 있는 에너지 옵션을 강조해왔습니다. 그녀는 고객의 경제성, 에너지 신뢰성 및 비즈니스 경쟁력에 대한 우려를 이유로 NY 기후 행동 위원회의 범위 계획에 반대표를 던진 세 명의 에너지 경영진 중 한 명이었습니다.

마이클 콜포이스는 현재 선임 부사장으로, 디카롤리스를 이어 내셔널 연료 가스 배급의 사장직을 맡게 됩니다. 이 유틸리티 부문은 서부 뉴욕과 북서부 펜실베니아의 220만 주민에게 서비스를 제공합니다.

National Fuel Gas Company (NYSE: NFG) a annoncé que Donna L. DeCarolis, Présidente de National Fuel Gas Distribution, prendra sa retraite le 1er juillet 2025, après plus de 40 ans de service. DeCarolis continuera en tant que Conseillère Énergétique Senior, en se concentrant sur les questions de politique énergétique de New York.

DeCarolis, qui est Présidente de l'Utility depuis 2019, a été une défenseure de premier plan des clients de gaz naturel, soulignant l'importance d'options énergétiques abordables et fiables. Elle était l'une des trois dirigeantes du secteur de l'énergie qui ont voté contre le Plan de Scoping du NY Climate Action Council, invoquant des préoccupations concernant l'accessibilité pour les clients, la fiabilité énergétique et la compétitivité des entreprises.

Michael Colpoys, actuellement Vice-Président Senior, succédera à DeCarolis en tant que Président de National Fuel Gas Distribution. Le segment des services publics dessert 2,2 millions de résidents dans l'ouest de New York et le nord-ouest de la Pennsylvanie.

National Fuel Gas Company (NYSE: NFG) gab bekannt, dass Donna L. DeCarolis, Präsidentin von National Fuel Gas Distribution, am 1. Juli 2025 nach über 40 Jahren im Dienst in den Ruhestand gehen wird. DeCarolis wird weiterhin als Senior Energy Advisor tätig sein und sich auf die Energiepolitik in New York konzentrieren.

DeCarolis, die seit 2019 als Präsidentin der Versorgungsunternehmen tätig ist, hat sich stark für Kunden von Erdgas eingesetzt und betont, wie wichtig erschwingliche und zuverlässige Energieoptionen sind. Sie war eine von drei Energie-Executives, die gegen den Scoping-Plan des NY Climate Action Council gestimmt haben, und äußerte Bedenken hinsichtlich der Erschwinglichkeit für Kunden, der Energiezuverlässigkeit und der Wettbewerbsfähigkeit von Unternehmen.

Michael Colpoys, derzeit Senior Vice President, wird DeCarolis als Präsident von National Fuel Gas Distribution nachfolgen. Der Versorgungsbereich bedient 2,2 Millionen Einwohner im West-New York und im Nordwesten von Pennsylvania.

Positive
  • Smooth leadership transition with experienced internal successor
  • Retention of DeCarolis's expertise as Senior Energy Advisor
  • Maintains strong advocacy position in NY energy policy matters
Negative
  • Loss of long-tenured executive with 40+ years of company experience

Utility President Donna DeCarolis to Retire;
Will Continue to Serve as a Senior Energy Advisor to National Fuel

Michael Colpoys to Succeed DeCarolis as
President of National Fuel Gas Distribution Corporation

WILLIAMSVILLE, N.Y., April 03, 2025 (GLOBE NEWSWIRE) -- National Fuel Gas Company ("National Fuel" or the "Company") (NYSE: NFG) today announced that Donna L. DeCarolis, President of National Fuel Gas Distribution Corporation, the Utility segment of National Fuel Gas Company, has indicated her intention to retire, effective July 1, 2025, after more than 40 years of service.

Utility President Donna DeCarolis to Retire; Will Continue to Serve as a Senior Energy Advisor to National Fuel

While Donna retires from the day-to-day management of New York’s largest natural gas only utility, she is being retained as a Senior Energy Advisor for the Company, continuing her role actively representing National Fuel in New York’s statewide energy policy matters. Since 2019 when New York passed the most aggressive climate and decarbonization legislation in the country, DeCarolis has been a staunch advocate for natural gas customers and the need for them to have affordable, reliable and resilient energy options. She has participated in hundreds of community conversations to increase awareness and education on the State’s climate mandates and their potential impact on the lives of New York residents as well as the State’s economy. DeCarolis has been an active presence in Albany identifying real regional differences, and how a policy that might work downstate is potentially harmful for upstate New York due to our more extreme weather and less wealth than metro New York City. Her important role as a vocal advocate in this arena is not going to change, she’ll just be in a different capacity as a senior advisor for National Fuel.

“Donna’s leadership has made a lasting mark on National Fuel and the communities and organizations she has served for more than 40 years,” said David P. Bauer, President and Chief Executive Officer of National Fuel Gas Company. “Her dedication and vision have helped shape the long-term success of our organization, and I am pleased that she will continue to represent the Company in key energy policy matters as a senior advisor. I hope that her next chapter will be as rewarding as her career has been for National Fuel.”

DeCarolis was named President of National Fuel Gas Distribution Corporation, National Fuel’s Utility subsidiary, in February 2019. Prior to that, since 2007, she held the title of Vice President of Business Development for National Fuel Gas Company. During her more than 40-year tenure with the Company, she ascended through several different business areas, including Corporate Investor Relations, Utility Customer Quality Assurance, Corporate Communications, Human Resources, Utility Energy Marketing, Government Affairs, Utility Consumer Business/Customer Service as well as having previously been president of several of the Company’s non-regulated business entities. Active in her support of the community, Donna has served in leadership capacities on the boards of the Business Council of New York, the Buffalo Niagara Partnership, Frank Lloyd Wright’s Darwin Martin House Restoration Complex, Leadership Buffalo, Shea’s O’Connell Preservation Guild, the University at Buffalo’s School of Management, Buffalo Sabres Foundation, Niagara University and the African American Veteran’s Monument.

Shortly after assuming the role of Utility President, DeCarolis was named the second appointment to the New York State Climate Action Council, a 22-member body created in statute under the Climate Leadership and Community Protection Act (Climate Act). The Council was charged with developing a plan to reach New York State’s 2030 and 2050 greenhouse gas emission reduction goals and spent three years developing a final scoping plan, issued December 2022. DeCarolis was one of the three energy industry executives to vote against the Scoping Plan because of unanswered and unaddressed concerns about the Climate Act’s impact on customer affordability, energy reliability, the elimination of customer choice and the overall impact on New York’s ability to maintain its business competitiveness if the state were to decarbonize and electrify everything.

Michael Colpoys to Succeed DeCarolis as President of National Fuel Gas Distribution Corporation

The Company also announced that on July 1, 2025, DeCarolis will be succeeded by Michael Colpoys as President of National Fuel Gas Distribution Corporation. Colpoys is a long-tenured National Fuel officer who has spent much of his career on the Operations side of the industry. With decades of experience in all aspects of utility operations, Colpoys was named Senior Vice President for National Fuel Gas Distribution Corporation in 2021, gaining oversight for all utility field operations in New York and Pennsylvania. In addition, he oversees the Rates and Regulatory Affairs, Energy Services and Gas Supply Administration departments.

Originally from Buffalo, Colpoys started his career in 1987 as a Management Trainee and was promoted to Junior Engineer in 1988. In the following years, he was promoted numerous times, advancing to Assistant Vice President of Distribution Corporation in 2009 and then to Vice President in 2015 of National Fuel Gas Midstream Company where he oversaw the development, construction and operation of the company's expanding gathering pipelines. In 2016, he was named Vice President of Distribution Corporation. He received a bachelor’s degree from Clarkson University and a Master of Business Administration from Penn State Behrend.

Colpoys resides in Erie, Pa., and is actively involved with industry, business and community groups, serving on the boards of Northeast Gas Association, Energy Association of Pennsylvania, Pennsylvania Chamber, Erie Downtown Development Corporation, Penn State Behrend College of Fellows and the 100 Club of Buffalo.

National Fuel is an integrated energy company reporting financial results for four operating segments: Exploration and Production, Pipeline and Storage, Gathering and Utility. National Fuel Gas Distribution Corporation is the Utility segment of National Fuel Gas Company and provides natural gas service for 2.2 million residents in Western New York and Northwestern Pennsylvania. Additional information about National Fuel is available at www.nationalfuel.com.

Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d16aac8d-4110-4b4a-9e31-e12c1a87dce2
https://www.globenewswire.com/NewsRoom/AttachmentNg/e1cb8680-74fe-4355-a3c5-3c5878a05868



Analyst Contact: Natalie Fischer | 716-857-7315
Media Contact: Karen Merkel | 716-857-7654

FAQ

When will Donna DeCarolis retire as President of National Fuel Gas Distribution (NFG)?

Donna DeCarolis will retire as President of NFG's Utility segment effective July 1, 2025, after more than 40 years of service.

Who will replace Donna DeCarolis as NFG's Utility segment President?

Michael Colpoys, current Senior Vice President, will succeed DeCarolis as President of National Fuel Gas Distribution on July 1, 2025.

What role will Donna DeCarolis maintain at NFG after retirement?

DeCarolis will continue as a Senior Energy Advisor for NFG, representing the company in New York's statewide energy policy matters.

Why did DeCarolis vote against the NY Climate Action Council's Scoping Plan?

She opposed the plan due to concerns about customer affordability, energy reliability, elimination of customer choice, and impact on New York's business competitiveness.

How many customers does NFG's Utility segment serve?

The Utility segment provides natural gas service to 2.2 million residents in Western New York and Northwestern Pennsylvania.
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