{"id":790430,"date":"2024-11-25T09:03:37","date_gmt":"2024-11-25T14:03:37","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/california-resources-corporation-names-clio-crespy-as-chief-financial-officer\/"},"modified":"2024-11-25T09:03:37","modified_gmt":"2024-11-25T14:03:37","slug":"california-resources-corporation-names-clio-crespy-as-chief-financial-officer","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/california-resources-corporation-names-clio-crespy-as-chief-financial-officer\/","title":{"rendered":"California Resources Corporation Names Clio Crespy as Chief Financial Officer"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">LONG BEACH, Calif., Nov.  25, 2024  (GLOBE NEWSWIRE) &#8212; California Resources Corporation (NYSE: CRC), an independent energy and carbon management company committed to energy transition, today announced that Clio C. Crespy will join the Company as Executive Vice President and Chief Financial Officer, effective January 1, 2025. CRC\u2019s current CFO Nelly Molina will be stepping down at the end of the year.<\/p>\n<p align=\"justify\">Ms. Crespy brings to CRC an extensive background as an investment banker in energy, power, carbon management and sustainability. She most recently was Senior Managing Director, Investment Banking, Global Energy &amp; Power at Guggenheim Securities, where she also led the sustainability practice. Previously, Ms. Crespy advised upstream energy companies and power producers on strategic and financial transactions at Evercore as Managing Director, and prior to that at BNP Paribas. She began her career at the World Bank and holds a Master\u2019s degree in Finance and Strategy from Sciences Po, Paris.<\/p>\n<p align=\"justify\">\u201cI have worked closely with Clio on some of our most significant initiatives over the last couple of years, including our Carbon TerraVault JV with Brookfield and DAC hub at Elk Hills, and am thrilled that she is joining our team,\u201d said Francisco Leon, President and Chief Executive Officer of CRC. \u201cShe is a seasoned veteran at the center of both the oil and gas industry and the emerging carbon management business. With her deep and varied experience in M&amp;A, capital markets, corporate finance and project finance, she will play a major role in setting our path and driving us forward. I also want to thank Nelly Molina for her contributions to the Company as we have bolstered our balance sheet and navigated the Aera merger.\u201d<\/p>\n<p align=\"justify\">Ms. Crespy said, \u201cHaving worked closely with the CRC team, I am very excited about the value creating catalysts that the Company is pursuing and I look forward to helping create that value for CRC shareholders.\u201d<\/p>\n<p>\n        <strong><br \/>\n          <u>About California Resources Corporation<\/u><br \/>\n        <\/strong>\n      <\/p>\n<p>California Resources Corporation (CRC) is an independent energy and carbon management company committed to energy transition. CRC is committed to environmental stewardship while safely providing local, responsibly sourced energy. CRC is also focused on maximizing the value of its land, mineral ownership, and energy expertise for decarbonization by developing carbon capture and storage (CCS) and other emissions-reducing projects. For more information about CRC, please visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=1I9wmTesHjVEfw-mLDvTMG8mAFhKQ9oyV8ipZnr3hj7OlIztxN6Phx7pXYk20U82dPBBNOn9NksqE87QjnfpqA==\" rel=\"nofollow\" target=\"_blank\"><u>www.crc.com<\/u><\/a>.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>Contacts:<\/u><br \/>\n        <\/strong>\n      <\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:50%;width:50%;min-width:50%;text-align: left;vertical-align: middle;vertical-align: top\">Joanna Park (Investor Relations) <br \/>818-661-3731 <br \/><a href=\"mailto:Joanna.Park@crc.com\" rel=\"nofollow\" target=\"_blank\"><u>Joanna.Park@crc.com<\/u><\/a><\/td>\n<td style=\"max-width:50%;width:50%;min-width:50%;text-align: left;vertical-align: middle;vertical-align: top\">Richard Venn (Media)<br \/>818-661-6014<br \/><a href=\"mailto:Richard.Venn@crc.com\" rel=\"nofollow\" target=\"_blank\"><u>Richard.Venn@crc.com<\/u><\/a><\/td>\n<\/tr>\n<\/table>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTI3ODkyMSM2NTk3NjUyIzIwMTg3OTk=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/MDgxZDdmY2UtM2I3OS00M2RlLTg1NDAtZjc5Nzk1ODI3MWI4LTEwMzAzNzI=\/tiny\/California-Resources-Corporati.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>LONG BEACH, Calif., Nov. 25, 2024 (GLOBE NEWSWIRE) &#8212; California Resources Corporation (NYSE: CRC), an independent energy and carbon management company committed to energy transition, today announced that Clio C. Crespy will join the Company as Executive Vice President and Chief Financial Officer, effective January 1, 2025. CRC\u2019s current CFO Nelly Molina will be stepping down at the end of the year. Ms. Crespy brings to CRC an extensive background as an investment banker in energy, power, carbon management and sustainability. She most recently was Senior Managing Director, Investment Banking, Global Energy &amp; Power at Guggenheim Securities, where she also led the sustainability practice. Previously, Ms. Crespy advised upstream energy companies and power producers on strategic and financial transactions at &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/california-resources-corporation-names-clio-crespy-as-chief-financial-officer\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;California Resources Corporation Names Clio Crespy as Chief Financial Officer&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-790430","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>California Resources Corporation Names Clio Crespy as Chief Financial Officer - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/california-resources-corporation-names-clio-crespy-as-chief-financial-officer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"California Resources Corporation Names Clio Crespy as Chief Financial Officer - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LONG BEACH, Calif., Nov. 25, 2024 (GLOBE NEWSWIRE) &#8212; California Resources Corporation (NYSE: CRC), an independent energy and carbon management company committed to energy transition, today announced that Clio C. Crespy will join the Company as Executive Vice President and Chief Financial Officer, effective January 1, 2025. CRC\u2019s current CFO Nelly Molina will be stepping down at the end of the year. Ms. Crespy brings to CRC an extensive background as an investment banker in energy, power, carbon management and sustainability. She most recently was Senior Managing Director, Investment Banking, Global Energy &amp; Power at Guggenheim Securities, where she also led the sustainability practice. 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Crespy will join the Company as Executive Vice President and Chief Financial Officer, effective January 1, 2025. CRC\u2019s current CFO Nelly Molina will be stepping down at the end of the year. Ms. Crespy brings to CRC an extensive background as an investment banker in energy, power, carbon management and sustainability. She most recently was Senior Managing Director, Investment Banking, Global Energy &amp; Power at Guggenheim Securities, where she also led the sustainability practice. 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