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Consol promotes Nicholas DeIuliis to president and CEO

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Consol Energy announced some executive management changes March 21.

The company issued a statement that its president, Nicholas J. DeIuliis, will be promoted to president and CEO. J. Brett Harvey, chairman and chief executive officer since 1998, will become executive chairman of the company.

The changes will become effective immediately after Consol's annual shareholder meeting May 7.

DeIuliis also was nominated to the Consol Board of Directors.

"I am proud to have led the company through a defining period in Consol Energy's 150-year history, and have concluded that the time has come to execute our long-planned transition to a new generation of leadership," Harvey said. "Nick has been a valuable part of my executive leadership team through the years, and has very effectively and successfully managed the day-to-day operations of the company through a transformative period of time for the company.

"I can assure all of our shareholders that they can have every confidence that Nick will continue to manage our premier assets in a manner that creates shareholder value."

DeIuliis, 45, has more than 23 years of experience at Consol, and has been its president since February 2011.

"Brett's steady leadership has positioned Consol Energy for a great future, and I am privileged to have been selected to lead the company's growth strategy into that future," DeIuliis said. "Our shareholders have high expectations, as do I, along with our management team.

"As part of the transformation, Consol Energy is well-positioned to execute our E&P growth plans, and our executive management team is focused on bringing forward the full value of our world-class assets to the benefit of our shareholders, our employees and the communities where we operate."

Harvey, 63, will assist in the transition of his customer, financial and other relationships to DeIuliis as well as provide assistance with shareholder relations and will provide strategic guidance to the company in his new role.