This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Chesapeake Utilities Corporation Announces Officer Appointments

DOVER, Del., May 4, 2012 /PRNewswire/ -- Michael P. McMasters, President and Chief Executive Officer of Chesapeake Utilities Corporation (NYSE: CPK), announced that the Board of Directors appointed Matthew M. Kim to Vice President of the Company at their meeting Wednesday. In addition, Thomas E. Mahn has been appointed Treasurer of the Company; and William D. Hancock has been appointed as Assistant Vice President of Peninsula Energy Services Company, Inc.  These appointments are effective immediately.

"The appointments of these individuals reflect the Board and senior management's commitment to sustain a strong and dynamic management team," said Mr. McMasters. "Today's promotions are the result of our appreciation for the contributions these individuals have made to our Company, the success they have achieved, the respect they've earned from peers and customers, and our confidence in their continued success and future contributions."  

Mr. Kim's appointment to Vice President of the Company reflects the expertise and contributions that he has made since joining Chesapeake in 2009. "Beginning with the merger with Florida Public Utilities Company (FPU), Matt has successfully led the Company through several different accounting integrations and was instrumental in working with our Florida team in securing approval of the recovery of the FPU acquisition adjustment and merger-related costs," noted Beth W. Cooper, Senior Vice President and Chief Financial Officer. "Matt's technical expertise and natural leadership abilities complement his enthusiasm for the Company and provide the foundation for his continued success," Ms. Cooper added. 

Mr. Kim joined Chesapeake in March 2009 as Controller overseeing all business unit accounting and financial reporting processes within the Company. He was appointed to Assistant Vice President in June 2010. He has responsibility for the development, communication and implementation of accounting and tax policies, practices and procedures within the Company. Prior to joining the Company, Mr. Kim was a Vice President and Assistant Controller for The Carlyle Group, a global private equity firm based in Washington, D.C., where he managed the U.S. corporate accounting team responsible for maintaining approximately 50 ledgers. Prior to joining The Carlyle Group, Mr. Kim was employed by PricewaterhouseCoopers, LLP, where he held the position of Senior Manager.

Mr. Mahn, who recently joined the Company as Director of Finance, will assume the responsibilities of Treasurer. "Tom's long history with Perdue Incorporated has given him the experience and expertise needed to oversee the treasury functions of the Company," said Mr. McMasters. "Tom's a natural fit for the organization and we're delighted to have him on board as a key member of the finance organization," added Ms. Cooper.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.19 0.00%
FB $118.06 0.00%
GOOG $695.70 0.00%
TSLA $222.56 0.00%
YHOO $37.40 3.90%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs