CNX Announces Executive Leadership Addition

PITTSBURGH, Dec. 1, 2023 /PRNewswire/ -- CNX Resources Corporation (NYSE: CNX) ("CNX" or "the company") today announced that Timothy S. Bedard will join the company this month as Executive Vice President, General Counsel, and Corporate Secretary.

Most recently, Mr. Bedard served as the head of legal for Visa's Value Added Services business where he led a team of lawyers and legal professionals responsible for all legal and regulatory issues related to Visa's Value Added Services. Prior to his Value Added Services role, he served as Visa's chief intellectual property (IP) counsel where he led a worldwide team of lawyers and IP professionals responsible for IP licensing, patent litigation, technology transactions, M&A-related IP issues, and patent preparation and prosecution. Prior to Visa, Mr. Bedard spent a decade leading IP strategy across Johnson & Johnson's medical device operating companies. Mr. Bedard began his legal career as an IP litigator at Kirkpatrick & Lockhart, now K&L Gates LLP. Prior to law school he served as an officer in the U.S. Navy. Mr. Bedard holds a BS in Industrial Engineering from the University of Pittsburgh, a Juris Doctor from the Duquesne University School of Law, and an MBA from Yale.

"We are incredibly excited for Tim to join our already deep and talented executive management team at CNX," commented Nick DeIuliis, President and CEO. "We continue to attract world-class talent across our executive management ranks, which I believe is a direct reflection of our best-in-class asset base and opportunity-set that affords our leaders the opportunity to create meaningful shareholder value. Tim's extensive expertise in IP and technology and significant depth of experience partnering with management teams will be a critical element in accelerating the growth of our New Tech business opportunities and the continued execution of our sustainable business model."

Tim is replacing former Executive Vice President, General Counsel and Secretary Alexander J. Reyes. CNX and Mr. Reyes have mutually agreed that he will separate from service without cause from the company later this month. After over 16 total years of dedicated service in various roles over two separate timeframes and his many meaningful contributions to the company, Mr. Reyes is departing the company to pursue other career opportunities.

About CNX Resources

CNX Resources Corporation (NYSE: CNX) is unique. We are a premier, low carbon intensive natural gas development, production, midstream, and technology company centered in Appalachia, one of the most energy abundant regions in the world. With the benefit of a 158-year regional legacy, substantial asset base, leading core operational competencies, technology development and innovation, and astute capital allocation methodologies, we responsibly develop our resources and deploy free cash flow to create long-term per share value for our shareholders, employees, and the communities where we operate. As of December 31, 2022, CNX had 9.81 trillion cubic feet equivalent of proved natural gas reserves. The company is a member of the Standard & Poor's Midcap 400 Index. Additional information is available at www.cnx.com.

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