Chesapeake Utilities Corporation announced the appointment of Noah Russell, CPA, as assistant vice president and assistant treasurer. This appointment follows the retirement announcement of Thomas Mahn, current vice president and treasurer, effective Dec. 31. Russell has almost two decades of leadership experience across multiple areas of finance, accounting and strategic planning. He joins Chesapeake Utilities from Energy Transfer LP, where he served as director of strategic planning, mergers and acquisitions, since April 2017. Among his responsibilities were building and preparing long-range planning models with funds flow, coverage and liquidity analysis; and creating models to evaluate the financial impacts of merger and acquisitions. Previously, Russell was director of corporate finance and assistant treasurer at Sunoco Logistics Partners LP, which was acquired by Energy Transfer LP, and manager of reporting and derivative accounting and senior finance specialist for refining supply and chemicals with Sunoco Inc. In his new role, Russell is responsible for leading the company's treasury strategy, including enterprise treasury operations, corporate finance and banking relationships, corporate capital structure (including renewable and alternative financing strategies), investment management activities, insurance/risk management, credit management, and merger and acquisition support. These responsibilities will transition from Mahn to Russell, given Mahn's planned retirement at the end of the year.
Chesapeake Utilities Corporation is an energy delivery company operates primarily in the Mid-Atlantic region, North Carolina, South Carolina, Florida and Ohio. It is engaged in the distribution of natural gas, electricity and propane, the transmission of natural gas, the generation of electricity and steam, and in providing related services to its customers. Its Regulated Energy segment includes energy distribution and transmission services (natural gas distribution, natural gas transmission and electric distribution operations). Its Unregulated Energy segment includes energy transmission, energy generation (the operations of its Eight Flags' CHP plant), propane distribution operations, mobile compressed natural gas distribution and pipeline solutions operations, and sustainable energy investments, including renewable natural gas. It also includes other unregulated energy services, such as energy-related merchandise sales and heating, ventilation and air conditioning, and others.