Ascent Resources Appoints New CFO

Ascent Resources announced Monday that it has appointed Jennifer M. Grigsby as its new chief financial officer (CFO), effective August 1, 2015.

Grigsby joins Ascent from American Energy Partners, where she served as CEO and CFO of American Energy Minerals Holdings, and as CFO of American Energy-Woodford. Grigsby previously worked for Chesapeake Energy Corporation for 19 years, serving as vice president, senior vice president and corporate secretary during her time with the company.

Jeffrey A. Fisher, Ascent CEO, commented in a company statement:

"I am thrilled that Jennifer is joining our talented team at Ascent as CFO. Jennifer brings a wealth of experience and accomplishment in all aspects of the CFO role and is known for her ability to build and lead highly-functioning teams, as well as for her strong relationships within the investment community. Her broader experience in corporate and organizational matters will also be instrumental as we work together to transition Ascent into a standalone company. I, along with our chief operating officer, John Reinhart, look forward to working with Jennifer as we continue to develop our tremendous asset base and create value for our stakeholders."

Ascent Resources CFO Jennifer M. Grigsby said in an organization release:

"I am very excited to join the Ascent team and to work with Jeff and John, both of whom I greatly trust and respect, as well as the company's sponsors and dedicated employees to continue to build a premier Appalachian Basin exploration and production company. The company's recent financing transactions and asset sale solidified the liquidity position of the company and I look forward to supporting the company's initiatives to continue to improve its liquidity and financial position."



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