RGC Resources Holds Annual Shareholders Meeting

Rhea-AI Summary

RGC Resources, Inc. (NASDAQ: RGCO) announced the election of Directors and senior officers at its shareholders meeting. John B. Williamson, III was elected Chairman of the Board and Paul W. Nester was elected President and CEO. The company provides energy and related products and services to customers in Virginia through its operating subsidiaries including Roanoke Gas Company and RGC Midstream, LLC.

Positive

• Election of experienced Directors and senior officers
• Continued leadership and stability with John B. Williamson, III as Chairman of the Board and Paul W. Nester as President and CEO
• Diversified energy and related products and services offered to customers in Virginia

Negative

• None.

ROANOKE, Va., Jan. 29, 2024 (GLOBE NEWSWIRE) -- RGC Resources, Inc. (NASDAQ: RGCO) announced the election of Directors at its shareholders meeting held on January 29, 2024. Shareholders elected T. Joe Crawford, Maryellen F. Goodlatte, and Paul W. Nester for three-year terms.

At a meeting of the Board of Directors, following the annual shareholders meeting, John B. Williamson, III was elected Chairman of the Board and Paul W. Nester was elected President and CEO of RGC Resources, Inc. The following RGC Resources senior officers were also elected: Timothy J. Mulvaney, Vice President, CFO and Treasurer, Lawrence T. Oliver, Senior Vice President, Regulatory and External Affairs and Secretary, and C. Brooke Miles, Vice President, Human Resources. In addition, Roanoke Gas Company, the largest subsidiary of RGC Resources, elected the following senior officers: Paul W. Nester, President and CEO, Timothy J. Mulvaney, Vice President, CFO and Treasurer, Lawrence T. Oliver, Senior Vice President, Regulatory and External Affairs and Secretary, C. Jim Shockley, Jr., Vice President and Chief Operating Officer, and C. Brooke Miles, Vice President, Human Resources.

RGC Resources, Inc. provides energy and related products and services to customers in Virginia through its operating subsidiaries including Roanoke Gas Company and RGC Midstream, LLC.

From time to time, the Company may publish forward-looking statements relating to such matters as anticipated financial performance, business prospects, technological developments, new products, research and development activities and similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause the Company’s actual results and experience to differ materially from the anticipated results or other expectations expressed in the Company’s forward-looking statements. Past performance is not necessarily a predictor of future results.        

Release Date:			January 29, 2024
Contact:			Paul W. Nester
			President and CEO
Telephone:			540-777-3837

FAQ

Who was elected Chairman of the Board at RGC Resources, Inc. shareholders meeting?

John B. Williamson, III was elected Chairman of the Board at the RGC Resources, Inc. shareholders meeting held on January 29, 2024.

Who was elected President and CEO of RGC Resources, Inc.?

Paul W. Nester was elected President and CEO of RGC Resources, Inc. at the shareholders meeting.

What subsidiaries does RGC Resources, Inc. operate?

RGC Resources, Inc. operates subsidiaries including Roanoke Gas Company and RGC Midstream, LLC, providing energy and related products and services to customers in Virginia.