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RGCO

RGC Resources

$28.50

(0.00%)

12:03
11/26/19
11/26
12:03
11/26/19
12:03

RGC Resources announces John D'Orazio to retire as president and CEO

RGC Resources announced that John S. D'Orazio will voluntarily retire as President and CEO effective February 7. As part of the company's corporate succession plan, the Board of Directors approved the appointment of Paul W. Nester as President and CEO of the company effective with Mr. D'Orazio's retirement. Mr. D'Orazio has indicated his willingness to serve in an advisory capacity for a year following his retirement. D'Orazio stated, "It has been an honor and privilege to lead RGC Resources for the past six years and to work with an exceptional management team, Board of Directors and dedicated employees. This company has been a family to me for over 27 years and I will miss the day-to-day interaction with co-workers. Mr. Nester is an exceptional individual who will lead this company going forward." Resources Chairman John B. Williamson, III, expressed the "Board of Directors' deep appreciation for Mr. D'Orazio's years of successful leadership of RGC Resources and their full faith in the leadership capabilities of Mr. Nester". Mr. Nester has been the Company CFO since May 2012 and has been President of Roanoke Gas Company since January 2019. RGC Resources, Inc. provides energy and related products and services to approximately 62,000 customers in Virginia through its operating subsidiaries including Roanoke Gas Company and RGC Midstream.

  • 06

    Dec

RGCO RGC Resources
$28.50

(0.00%)

05/10/19
JANY
05/10/19
UPGRADE
Target $30
JANY
Buy
RGC Resources upgraded to Buy from Neutral at Janney Montgomery Scott
Janney Montgomery Scott analyst Michael Gaugler upgraded RGC Resources to Buy from Neutral and raised his price target for the shares to $30 from $28. The analyst views the company's fiscal Q2 results as "strong."

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