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EXPAND ENERGY Corp 8-K Report, Executive Changes (Apr 6, 2026)

Filed April 6, 2026For Securities:EXEEXEELEXEEWEXEEZ

Summary

Expand Energy Corporation (EXE) announced a significant leadership change with the appointment of Marcel Teunissen as its new Executive Vice President and Chief Financial Officer, effective April 6, 2026. Mr. Teunissen brings a wealth of experience to EXE, having most recently served as President, North America for Parkland Corporation and previously as its Chief Financial Officer. His extensive background includes various leadership roles at Shell plc, indicating a strong foundation in financial management and operations within the energy sector. This appointment signifies a strategic move by the company to bolster its financial leadership. Mr. Teunissen's compensation package reflects his senior role, including a base salary of $550,000, a target annual cash performance bonus of 100% of his base salary, and a substantial long-term incentive target of $2,500,000. Investors should note that Brittany Raiford will transition from her interim CFO role, continuing her duties as Vice President – Treasurer and Investor Relations, ensuring continuity in financial operations and communication.

Key Highlights

  • 1Marcel Teunissen appointed as new Executive Vice President and Chief Financial Officer, effective April 6, 2026.
  • 2Mr. Teunissen has prior experience as CFO and President, North America at Parkland Corporation, and roles at Shell plc.
  • 3Annual base salary for Mr. Teunissen is $550,000.
  • 4Annual cash performance bonus target is 100% of base salary, with potential to earn up to 200%.
  • 5Long-term incentive target for Mr. Teunissen is $2,500,000 annually (prorated for 2026).
  • 6Mr. Teunissen will participate in the Executive Severance Plan and is subject to company clawback policies.
  • 7Brittany Raiford will step down as Interim CFO, remaining as VP – Treasurer and Investor Relations.

Frequently Asked Questions

Marcel Teunissen has been appointed as the new Executive Vice President and Chief Financial Officer of Expand Energy Corporation, effective April 6, 2026.

Mr. Teunissen has extensive experience in the energy sector, most recently serving as President, North America for Parkland Corporation. Prior to that, he was the Chief Financial Officer at Parkland Corporation from 2020 to 2024 and held various positions at Shell plc. He holds a Master of Science in Economics from Erasmus University.

Mr. Teunissen's compensation includes an annual base salary of $550,000, an annual cash performance bonus target of 100% of his base salary (with a maximum of 200%), and an annual long-term incentive target of $2,500,000 (prorated for 2026). He will also be part of the Executive Severance Plan.

Brittany Raiford will cease to serve as the Interim Chief Financial Officer but will continue in her role as Vice President – Treasurer and Investor Relations.