CorEnergy Announces Promotions of Key Executives
February 12 2019 - 8:30AM
Business Wire
CorEnergy Infrastructure Trust, Inc. (“CorEnergy” or the
“Company”), today announced the promotion of three executives,
expanding upon the previously announced transition of the role of
Chairman of the Board of the Company. Leadership responsibilities
also evolved in CorEnergy’s external manager, Corridor InfraTrust
Management, LLC (“Corridor”). The changes include:
- Rebecca Sandring has taken on broader
responsibilities as Executive Vice President of CorEnergy, with
oversight of leasing structures, operational finance and portfolio
management, while retaining her positions of Treasurer, Secretary
and Interim Chief Accounting Officer. Previously, Ms. Sandring was
Senior Vice President of CorEnergy. She has also changed roles at
Corridor, from Senior Director to Managing Director. Ms. Sandring
has over 30 years of experience in the energy industry. Before
joining CorEnergy, she served in various roles with Aquila Inc.
(formerly Utilicorp United) and The Calvin Group.
- Jeff Fulmer has taken on broader
responsibilities as Executive Vice President of CorEnergy,
providing leadership to business development, operations and
portfolio management. Previously, he was Senior Vice President. He
has also changed roles at Corridor, from Senior Director to
Managing Director. Mr. Fulmer is a petroleum engineer and
professional geologist with more than 30 years of energy industry
experience. Prior to joining CorEnergy, he was a Senior Advisor
with Tortoise Capital Advisors, led a post-9/11 critical
infrastructure team for the U.S. Department of Defense, and held
key leadership and technical positions for global and domestic
exploration and production companies.
- David Schulte added the role of
Chairman of the Board of CorEnergy to his position as President and
Chief Executive Officer as of January 1, 2019, as previously
announced. Mr. Schulte will now serve as Senior Managing Director
of Corridor. Mr. Schulte has over 30 years of investment
experience, including 20 years in the energy sector. Previously, he
was a co-founder and Managing Director of Tortoise Capital
Advisors, a Board Member of Inergy, LP and has experience in
private equity and investment banking.
“Becky and Jeff are both outstanding leaders who have helped
build CorEnergy into the first listed real estate investment trust
focusing on energy infrastructure,” said Mr. Schulte. “As we
continue to position the Company for further growth, we have
broadened the portfolio management and oversight responsibilities
of these key executives to not only further leverage their
technical expertise, but also to continue to develop the CorEnergy
team, as well as its operational processes.”
About CorEnergy Infrastructure Trust, Inc.
CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) is a
real estate investment trust (REIT) that owns essential energy
assets, such as pipelines, storage terminals, and transmission and
distribution assets. We receive long-term contracted revenue from
operators of our assets, primarily under triple-net participating
leases. For more information, please visit corenergy.reit.
Forward-Looking Statements
This press release contains certain statements that may include
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. All statements, other than statements of
historical fact, included herein are "forward-looking statements."
Although CorEnergy believes that the expectations reflected in
these forward-looking statements are reasonable, they do involve
assumptions, risks and uncertainties, and these expectations may
prove to be incorrect. Actual results could differ materially from
those anticipated in these forward-looking statements as a result
of a variety of factors, including those discussed in CorEnergy's
reports that are filed with the Securities and Exchange Commission.
You should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
Other than as required by law, CorEnergy does not assume a duty to
update any forward-looking statement. In particular, any
distribution paid in the future to our stockholders will depend on
the actual performance of CorEnergy, its costs of leverage and
other operating expenses and will be subject to the approval of
CorEnergy's Board of Directors and compliance with leverage
covenants.
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version on businesswire.com: https://www.businesswire.com/news/home/20190212005320/en/
CorEnergy Infrastructure Trust, Inc.Public RelationsDebbie
Hagen, 913.642.6363dhagen@hagenandpartners.com
CorEnergy Infrastructure (NYSE:CORR)
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