PITTSBURGH, Feb. 24, 2011 /PRNewswire/ -- CONSOL Energy Inc. (NYSE: CNX) announced today that Nicholas J. DeIuliis has been named president of CONSOL Energy. J. Brett Harvey, CONSOL Energy chief executive officer and chairman of the board, made the announcement following a meeting of the CONSOL Energy Board of Directors yesterday.
"This was an obvious step in the continued growth of CONSOL Energy," commented Mr. Harvey. "Nick performed exceptionally as chief operating officer. He will continue to keep our company focused on our core values – the top three of which are safety, compliance and continuous improvement."
Mr. DeIuliis holds a bachelor's degree in chemical engineering from Penn State, as well as a master's degree in business administration and a juris doctorate, both from Duquesne University. He began his career with CONSOL Energy in the research and development group in 1990. He later became vice president of strategic planning of CONSOL Energy where he was responsible for optimizing the value of CONSOL Energy's assets which, among other things, resulted in the creation of CNX Gas Corporation. He served as the president and CEO of CNX Gas from its inception in 2005 until early 2009. Last year, a short-form merger saw CNX Gas again become a wholly owned subsidiary of CONSOL Energy.
"I appreciate the confidence the CONSOL Energy Board of Directors has placed in me by choosing to name me president," Mr. DeIuliis said. "I am honored to take on this new responsibility. The coal and gas assets we have, coupled with the 8,600 people who work for this company, are what keep it strong. By maintaining our focus on our core values of safety, compliance and continuous improvement, I look forward to continuing to help move CONSOL Energy forward in its position as the leading diversified energy producer in the eastern United States."
CONSOL Energy Inc., the leading diversified fuel producer in the Eastern United States, is a member of the Standard & Poor's 500 Equity Index and the Fortune 500. It has 11 bituminous coal mining complexes in five states and reports proven and probable coal reserves of 4.5 billion tons. It is also the leading Appalachian gas producer, with proved reserves of over 3.7 trillion cubic feet. Additional information about CONSOL Energy can be found at its Web site: http://www.consolenergy.com/.
SOURCE CONSOL Energy Inc.
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