RGC Resources Welcomes New Directors and Leadership
RGC Resources, Inc. (NASDAQ: RGCO) recently conducted its annual shareholders meeting where important changes were made, including the election of new directors and the ratification of auditors for the upcoming fiscal year. The meeting, held in Roanoke, Virginia, brought together shareholders to partake in key decisions that will shape the company's future.
Directors Elected for Three-Year Terms
During this significant gathering, shareholders voted to elect Abney S. Boxley III, Elizabeth A. McClanahan, and John B. Williamson III to serve on the Board of Directors for three-year terms. This move is expected to enhance the board's governance and strategic direction as the company navigates its goals for growth and sustainability.
Auditor Appointment Ratified
In addition to the director elections, shareholders also ratified Deloitte & Touche, LLP as the auditors for fiscal 2025. This decision underscores the company's commitment to transparency and accountability in its financial practices.
Leadership Changes Following the Meeting
The Board of Directors convened after the shareholders meeting to elect the key leadership for RGC Resources. John B. Williamson III was chosen as the Chairman of the Board, a role crucial for steering the company’s strategic initiatives. Paul W. Nester was elected as President and CEO, bringing a wealth of experience to the top management role.
Senior Leadership Team Appointments
The company has also appointed several senior officers to reinforce its leadership structure. Timothy J. Mulvaney will serve as Vice President, CFO, and Treasurer. Lawrence T. Oliver has been named Senior Vice President of Regulatory and External Affairs and Secretary. Meanwhile, C. Brooke Miles will take on the role of Vice President of Human Resources and Community Engagement.
Roanoke Gas Company Leadership
As a substantial subsidiary of RGC Resources, Roanoke Gas Company also announced its senior officers after the meeting. Paul W. Nester continues as President and CEO, while Timothy J. Mulvaney, Lawrence T. Oliver, and C. Brooke Miles maintain their positions in the leadership team. Additionally, C. Jim Shockley, Jr. has been appointed as Vice President and Chief Operating Officer, further strengthening the company’s operational leadership.
About RGC Resources, Inc.
RGC Resources, Inc. proudly provides energy and related services to its customers through its operating subsidiaries, which include Roanoke Gas Company and RGC Midstream, LLC. This dedicated approach ensures that they meet the energy needs of the communities they serve while focusing on growth and innovation.
Company Contact Information
For inquiries, reach out to:
Paul W. Nester
President and CEO
Telephone: 540-777-3837
Frequently Asked Questions
What major decisions were made at the annual shareholders meeting?
At the meeting, shareholders elected new directors and ratified the appointment of auditors for the fiscal year.
Who were elected to the Board of Directors?
Abney S. Boxley III, Elizabeth A. McClanahan, and John B. Williamson III were elected to serve three-year terms.
What leadership positions were filled after the meeting?
John B. Williamson III became Chairman, and Paul W. Nester was elected President and CEO.
What role does Roanoke Gas Company play in RGC Resources?
Roanoke Gas Company is a key subsidiary of RGC Resources, contributing significantly to its energy services.
How does RGC Resources ensure financial accountability?
The company has ratified Deloitte & Touche, LLP as its auditors for fiscal 2025, ensuring financial transparency and accountability.
