Antero Resources and Antero Midstream Announce Leadership Succession and Board Changes

Strategic Insights -

Antero Resources and Antero Midstream, two prominent energy companies, have announced leadership changes, with Michael N. Kennedy taking over as Chief Executive Officer and President of both companies. Paul M. Rady, the current CEO and President, will transition to Chairman Emeritus. The changes come as the companies look to capitalize on growing demand for natural gas from LNG and data centers. Kennedy brings extensive oil and gas industry and financial experience, having joined Antero in 2013 and serving as Chief Financial Officer since 2021.

Key Takeaways:

  • Michael N. Kennedy will serve as Chief Executive Officer and President of Antero Resources and Antero Midstream, effective immediately.
  • Paul M. Rady will transition to Chairman Emeritus of both companies.
  • Kennedy has served as Chief Financial Officer of Antero Resources since 2021 and has been a member of the Board of Directors of Antero Midstream since 2021.
  • Benjamin A. Hardesty will serve as Chairman of the Board of Antero Resources, and David H. Keyte will serve as Chairman of the Board of Antero Midstream.
  • Yvette K. Schultz will join the Board of Directors of Antero Midstream, bringing her experience as General Counsel and SVP-Legal of Antero Resources and Antero Midstream.
  • Brendan E. Krueger will be named Chief Financial Officer and SVP-Finance of Antero Resources and SVP-Finance of Antero Midstream, and Justin J. Agnew will be named Chief Financial Officer of Antero Midstream.

Statistics:

  • 15 years: the length of time Michael N. Kennedy has been with Antero Resources and Antero Midstream.
  • 12 years: the length of time Paul M. Rady has served as CEO and President of Antero Resources and Antero Midstream.
  • 2013: the year Antero Midstream was listed on the New York Stock Exchange (NYSE).
  • 3 decades: the number of years Michael N. Kennedy has been well-respected in the industry.
  • 2009 to 2013: the years Paul M. Rady served as Executive Vice President and Chief Financial Officer of Forest Oil Corporation.

Sources:

  • Antero Midstream Corporation
  • PRNewswire
  • Antero Resources Corporation