Cheniere Energy, Inc. (NYSEMKT:LNG) President and Chief Executive Officer Jack Fusco announced his new executive leadership team.
Michael Wortley, currently Senior Vice President and Chief Financial Officer, will become Executive Vice President and Chief Financial Officer, responsible for guiding long-term financial strategy and increasing financial transparency.
Anatol Feygin, currently Senior Vice President, Strategy and Corporate Development will become Executive Vice President and Chief Commercial Officer, responsible for optimizing Cheniere’s assets and margin capture by focusing on continued innovation and underwriting new liquefaction capacity.
Tom Bullis will become Executive Vice President and Chief Administrative Officer, responsible for enabling functional organizations from Human Resources and Information Technology to Supply Chain with best-in-class services that contribute to Cheniere’s success.
Ed Lehotsky will become Senior Vice President, Engineering and Construction, responsible for executing on the construction of Cheniere’s platform safely, on time, and on budget.
Doug Shanda will become Senior Vice President, Operations, responsible for safe, efficient, and reliable operations.
Chad Zamarin will become Senior Vice President, Pipeline, responsible for pipeline construction and operations.
Sean Markowitz will become General Counsel and Corporate Secretary, responsible for fostering a culture of compliance and communication, advising the organization as to the critical areas of legal exposure and protecting Cheniere from legal risk.
Corey Grindal will become Senior Vice President, Gas Supply, responsible for natural gas strategy, infrastructure, and operations.
“I am excited to announce Cheniere’s new executive team, who will help us achieve our vision to be recognized as the premier global LNG company,” said CEO Jack Fusco. “This is a natural evolution for the company as we transition from a development to an operating company and align our vision with shareholders,” he added. (Original Source)
Shares of Cheniere Energy closed last Friday at $42.93, down $0.51 or -1.17%. LNG has a 1-year high of $54.95 and a 1-year low of $22.80. The stock’s 50-day moving average is $43.33 and its 200-day moving average is $37.90.
On the ratings front, LNG stock has been the subject of a number of recent research reports. In a report issued on July 1, J.P. Morgan analyst Jeremy Tonet maintained a Buy rating on LNG, with a price target of $54, which represents a potential upside of 25.8% from where the stock is currently trading. Separately, on June 22, Wolfe Research’s Steve Fleishman initiated coverage with a Buy rating on the stock and has a price target of $47.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Jeremy Tonet and Steve Fleishman have a total average return of 2.6% and -4.7% respectively. Tonet has a success rate of 50% and is ranked #1194 out of 4163 analysts, while Fleishman has a success rate of 40% and is ranked #3293.
Cheniere Energy, Inc. is engaged in the development, construction and operation of LNG terminals and marketing of LNG and natural gas. It operates through the LNG terminal and LNG and natural gas marketing segments. The LNG terminal segment comprises of the operational Sabine Pass LNG terminal in western Cameron Parish, Louisiana on the Sabine Pass Channel and the following two other LNG terminals that are in various stages of development. The LNG and natural gas marketing segment consists of Cheniere Marketing, LLC (Cheniere Marketing) marketing LNG and natural gas on its own behalf and assisting Cheniere Investments in an effort to utilize the regasification capacity held at the Sabine Pass LNG terminal.