STOCK TITAN

National Fuel Gas Company Announces Management Change, Ronald C. Kraemer Announces Retirement Date

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags

National Fuel Gas Company (NYSE: NFG) has announced that Ronald C. Kraemer, Chief Operating Officer and President of the company's pipeline and storage subsidiaries, will retire on Feb. 1, 2025, after 46+ years of service. Joseph N. Del Vecchio, currently Executive Vice President of National Fuel Gas Supply , will succeed Kraemer as President of National Fuel Gas Supply and Empire Pipeline, Inc.

Kraemer, who joined in 1978, has held various executive positions across the company's subsidiaries. Del Vecchio, who holds degrees in Mechanical Engineering and Law, joined the company in 1995 and has served in multiple leadership roles, most recently being promoted to Executive Vice President in 2023.

La National Fuel Gas Company (NYSE: NFG) ha annunciato che Ronald C. Kraemer, Direttore Operativo e Presidente delle sussidiarie di pipeline e stoccaggio dell'azienda, andrà in pensione il 1° febbraio 2025, dopo oltre 46 anni di servizio. Joseph N. Del Vecchio, attualmente Vice Presidente Esecutivo di National Fuel Gas Supply, succederà a Kraemer come Presidente di National Fuel Gas Supply ed Empire Pipeline, Inc.

Kraemer, che si è unito all'azienda nel 1978, ha ricoperto vari ruoli dirigenziali nelle sussidiarie dell'azienda. Del Vecchio, che possiede lauree in Ingegneria Meccanica e Giurisprudenza, è entrato in azienda nel 1995 e ha ricoperto diversi ruoli di leadership, venendo recentemente promosso a Vice Presidente Esecutivo nel 2023.

La National Fuel Gas Company (NYSE: NFG) ha anunciado que Ronald C. Kraemer, Director de Operaciones y Presidente de las subsidiarias de gasoductos y almacenamiento de la empresa, se retirará el 1 de febrero de 2025, después de más de 46 años de servicio. Joseph N. Del Vecchio, actual Vicepresidente Ejecutivo de National Fuel Gas Supply, sucederá a Kraemer como Presidente de National Fuel Gas Supply y Empire Pipeline, Inc.

Kraemer, quien se unió en 1978, ha ocupado varios puestos ejecutivos en las subsidiarias de la empresa. Del Vecchio, que tiene títulos en Ingeniería Mecánica y Derecho, se unió a la empresa en 1995 y ha servido en múltiples roles de liderazgo, siendo promovido más recientemente a Vicepresidente Ejecutivo en 2023.

내셔널 연료 가스 회사(NYSE: NFG)는 로널드 C. 크레이머(Ronald C. Kraemer)가 회사의 파이프라인 및 저장 자회사의 최고 운영 책임자(COO) 및 사장직에서 2025년 2월 1일자로 은퇴할 것이라고 발표했습니다. 그는 46년 이상의 경력을 가지고 있습니다. 조셉 N. 델 베키오(Joseph N. Del Vecchio)는 현재 내셔널 연료 가스 공급의 부사장으로서 크레이머의 뒤를 이어 내셔널 연료 가스 공급 및 엠파이어 파이프라인(Inc.)의 사장이 될 것입니다.

크레이머는 1978년에 입사했으며, 회사의 자회사에서 다양한 임원직을 역임했습니다. 델 베키오는 기계 공학과 법학 학위를 소지하고 있으며 1995년에 회사에 입사하여 여러 리더십 역할을 수행하였고, 가장 최근에는 2023년에 부사장으로 승진하였습니다.

La National Fuel Gas Company (NYSE: NFG) a annoncé que Ronald C. Kraemer, Directeur des opérations et Président des filiales de pipelines et de stockage de l'entreprise, prendra sa retraite le 1er février 2025, après plus de 46 ans de service. Joseph N. Del Vecchio, actuellement Vice-Président Exécutif de National Fuel Gas Supply, succédera à Kraemer en tant que Président de National Fuel Gas Supply et Empire Pipeline, Inc.

Kraemer, qui a rejoint l'entreprise en 1978, a occupé plusieurs postes de direction au sein des filiales de l'entreprise. Del Vecchio, qui détient des diplômes en ingénierie mécanique et en droit, a rejoint l'entreprise en 1995 et a occupé plusieurs rôles de leadership, étant récemment promu Vice-Président Exécutif en 2023.

Die National Fuel Gas Company (NYSE: NFG) hat bekannt gegeben, dass Ronald C. Kraemer, Chief Operating Officer und Präsident der Pipeline- und Speicher-Tochtergesellschaften des Unternehmens, am 1. Februar 2025 nach über 46 Jahren im Dienst in den Ruhestand gehen wird. Joseph N. Del Vecchio, derzeit Executive Vice President von National Fuel Gas Supply, wird Kraemer als Präsident von National Fuel Gas Supply und Empire Pipeline, Inc. nachfolgen.

Kraemer, der 1978 bei der Firma anfing, hat in verschiedenen Führungspostionen in den Tochtergesellschaften des Unternehmens gedient. Del Vecchio, der Abschlüsse in Maschinenbau und Rechtswissenschaften hat, trat 1995 in die Firma ein und hat in verschiedenen Führungsrollen gedient, wobei er zuletzt 2023 zum Executive Vice President befördert wurde.

Positive
  • None.
Negative
  • None.

Joseph Del Vecchio will be successor as President of National Fuel Gas Supply Corporation and Empire Pipeline, Inc.

WILLIAMSVILLE, N.Y., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Today, National Fuel Gas Company (National Fuel or the Company) (NYSE: NFG) announced that Ronald C. Kraemer, Chief Operating Officer of National Fuel Gas Company and President of National Fuel’s pipeline and storage subsidiaries, has indicated his intention to retire effective Feb. 1, 2025, after more than 46 years with the Company.

Chief Operating Officer of National Fuel Gas Company and President of National Fuel’s pipeline and storage subsidiaries

Joseph N. Del Vecchio, Executive Vice President of National Fuel Gas Supply Corporation, will succeed him in the role of President of National Fuel Gas Supply Corporation and Empire Pipeline, Inc.

Executive Vice President of National Fuel Gas Supply Corporation

“Throughout his 46-year career, Ron has served with distinction, driving significant innovation and accomplishments across a range of senior roles in various capacities,” said David P. Bauer, President and Chief Executive Officer at National Fuel Gas Company. “Ron’s impact extends far beyond National Fuel, and we applaud him for his unwavering commitment.”

Having joined National Fuel in the management training program in 1978, Kraemer has been employed by various subsidiaries of National Fuel, including National Fuel Gas Distribution Corporation, Horizon Energy Development, and the two pipeline subsidiaries, holding numerous management and executive-level positions in engineering, operations, marketing, business development, and international business development. These companies represent a cross-section of the energy industry including utility, interstate pipeline and storage, international power, and natural gas project development.

“On behalf of our Board of Directors and the Company, I want to express my deepest appreciation to Ron for his contributions to National Fuel as an integral part of the executive team. His leadership, practical expertise and wisdom have contributed to the overall growth and success of the Company. I wish him and his family all the best in his well-deserved retirement,” Bauer said.

Del Vecchio, who holds undergraduate and master’s degrees in Mechanical Engineering as well as a degree in law from the University at Buffalo, began his career with the Company as a law clerk in 1995. He was hired as a Distribution Corporation Attorney in 1998. Throughout the years his responsibilities increased as he worked in the Utility’s Legal and Risk Management departments. In 2007 he was promoted to Assistant Vice President and then Vice President of National Fuel Resources, Inc. He transitioned back to the Utility in 2015 as Vice President and Chief Regulatory Counsel. Del Vecchio was named Senior Vice President of Supply Corporation in 2021, expanding his career into pipeline and storage operations, and was promoted to Executive Vice President in 2023.

National Fuel is an integrated energy company reporting financial results for four operating segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. Additional information about National Fuel is available at www.nationalfuel.com.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0a907c05-1df8-4b37-9ed3-565acaf2ac37

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/735ff87e-b7a3-4b10-991e-c660d7ad0e2c


FAQ

When will Ronald C. Kraemer retire from National Fuel Gas (NFG)?

Ronald C. Kraemer will retire from National Fuel Gas (NFG) effective February 1, 2025.

Who will replace Ronald Kraemer as President of National Fuel Gas Supply ?

Joseph N. Del Vecchio, current Executive Vice President of National Fuel Gas Supply , will succeed Ronald Kraemer as President of National Fuel Gas Supply and Empire Pipeline, Inc.

How long has Ronald Kraemer worked at National Fuel Gas (NFG)?

Ronald Kraemer has worked at National Fuel Gas (NFG) for more than 46 years, having joined the company in 1978.

When did Joseph Del Vecchio join National Fuel Gas (NFG)?

Joseph Del Vecchio joined National Fuel Gas (NFG) as a law clerk in 1995.

National Fuel Gas Co.

NYSE:NFG

NFG Rankings

NFG Latest News

NFG Stock Data

5.80B
89.86M
1.24%
76.7%
3.25%
Oil & Gas Integrated
Natural Gas Distribution
Link
United States of America
WILLIAMSVILLE