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Montage Resources Chairman Resigns; Successor Named
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Montage Resources Corp. reported that Michael Jennings, Chairman of the Board, has resigned from the board of directors effective as of December 13, 2019 in order to focus his efforts on his recent appointment as CEO and President of HollyFrontier Corp.
In connection with Mr. Jennings' resignation from the Board, the size of the Board was reduced from ten members to nine members and Randall M. Albert, currently a member of the Board, was appointed as Chairman of the Board and will serve on the Company's Audit Committee and Compensation Committee.
About Albert
Randall M. Albert previously served as a member of the board of Montage Resources' predecessor (Eclipse Resources Corporation) since June 2014 and was elected Lead Independent Director of Eclipse Resources Corporation in November 2014. Mr. Albert served as the Chief Operating Officer of the Gas Division of CONSOL Energy Inc., a producer of coal and natural gas ("CONSOL"), from 2010 until January 2014. From 2005 until 2010, he was the operational leader of CONSOL's gas business in Northern Appalachia. Mr. Albert began working for CONSOL in 1979 and was selected to lead the operation of its coal bed methane gas business in Southern Appalachia in 1985. He is a board member of Wellsite Fishing and Rentals, and an Advisory board member to Gas Field Services and Black Bay Energy Capital, and he served as a founding advisory member of the board and chairman of the Marcellus Shale Coalition. Additionally, he currently serves on the advisory board for the Virginia Tech Mining Engineering Department. Mr. Albert is a Registered Professional Engineer in Virginia and West Virginia and holds a B.S. degree in Mining Engineering from Virginia Polytechnic Institute and State University, where in 2016 Mr. Albert was inducted into the Academy of Engineering Excellence, the highest honor bestowed on College of Engineering graduates at Virginia Tech.
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