ROANOKE, Va., Sept. 27, 2012 (GLOBE NEWSWIRE) -- At a meeting of the Board of Directors of RGC Resources, Inc. (Nasdaq:RGCO) held on September 26, 2012, John S. D'Orazio was appointed President and CEO of Roanoke Gas Company effective October 1, 2012. Roanoke Gas is the largest and primary subsidiary of RGC Resources, Inc.
John B. Williamson, III, will continue as Chairman of Roanoke Gas Company and Chairman, President and CEO of RGC Resources, Inc. on a part-time basis during a management succession implementation period. It is anticipated that Mr. Williamson will continue in that role until early 2014.
Mr. D'Orazio has been Vice President and Chief Operating Officer of Roanoke Gas Company since 2003. He joined the company in 1993. Mr. D'Orazio has a degree in engineering from Virginia Tech and has 30 years of natural gas industry experience, having worked at Baltimore Gas and Electric and Virginia Natural Gas prior to joining Roanoke Gas Company in 1993.
The Board of Directors also appointed Carl J. Shockley, Jr. as Vice President of Operations of Roanoke Gas Company effective October 1, 2012, replacing Mr. D'Orazio. Mr. Shockley has a degree in engineering from Bluefield State College and has held a number of management positions with the company since 1996.
RGC Resources, Inc. provides energy and related products and services to customers in Virginia through its operating subsidiaries Roanoke Gas Company, Diversified Energy Company and RGC Ventures of Virginia, Inc.
From time to time, the Company may publish forward-looking statements relating to such matters as anticipated financial performance, business prospects, technological developments, new products, research and development activities and similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause the Company's actual results and experience to differ materially from the anticipated results or other expectations expressed in the Company's forward-looking statements.