2014

Chesapeake Utilities Corporation Welcomes Mark Eisenhower As Vice President Of Strategic Planning And Development

DOVER, Del., March 7, 2014 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) ("Chesapeake") announced today that Mark Eisenhower has joined the Company as Vice President of Strategic Planning and Development.  

In his new role, Mr. Eisenhower will play a critical leadership role in the development of the Company's strategic plan. Specifically, working on converting strategic growth goals into specific business opportunities.  In collaboration with other leaders, he will be responsible for facilitating business acquisitions or development projects through the various stages of a transaction including integration into the Company. He will develop and manage the business development pipeline and collaborate with business units on new and existing business opportunities.

"Chesapeake is continuing to build our Strategic Development group to facilitate our investments in business opportunities in both new and existing markets," said Michael P. McMasters, President and CEO of Chesapeake Utilities Corporation. "Mark is a good fit for our team and his experience and energy expertise will greatly benefit our customers, communities and shareholders."

Mr. Eisenhower has over 25 years of experience in the energy industry in areas such as   marketing and trading, exploration and production, power generation, and mergers and acquisitions. Prior to joining the Chesapeake team, Mr. Eisenhower worked for Pace Global, A Siemens Business, as Vice President and Managing Director. As a member of the senior management team, he provided transaction and support services to a wide range of clients and oversaw sales for Pace Global's energy consulting and management services.

"This is an exciting time for Chesapeake as we continue to work together to identify new business opportunities and transform them into profitable growth," said Elaine B. Bittner, Senior Vice President, Strategic Development. "Mark's expertise in successfully shaping corporate strategies and executing on strategic initiatives makes him a great addition to our team."

Early in his career, Mr. Eisenhower started a natural gas marketing company affiliated with The Eastern Group.  Creating its strategic vision and business plan, sales grew to over $100 million with positive net income each year and Inc. Magazine listed the company as one of America's fastest growing private companies five years in a row.  Mr. Eisenhower next held various positions within Statoil working with the firm during a a climb in sales to $4 billion and spearheaded a subsequent divestiture of the company's assets..  During this time, he created strategic plans and operational strategies and managed the sales and integration of companies and business units as necessary.  In 2003, Mr. Eisenhower formed Xebec Ventures, which invested in mid-market companies with growth potential. He grew sales of one company from $10 million to over $25 million in two years and doubled its EBITDA.

Mr. Eisenhower earned a Bachelor of Science in Marketing Management from the Virginia Polytechnic Institute and State University – Pamplin College of Business, and an Executive Education Program  from Duke UniversityFuqua School of Business.

Chesapeake Utilities Corporation is a diversified energy company engaged in natural gas distribution, transmission and marketing; electricity distribution; propane gas distribution and wholesale marketing; advanced information services and other related services. Information about Chesapeake Utilities Corporation and the Chesapeake family of businesses is available at http://www.chpk.com.

For more information, contact:
Elaine Bittner
Senior Vice President, Strategic Development
Chesapeake Utilities Corporation
302.734.6799
ebittner@chpk.com

SOURCE Chesapeake Utilities Corporation



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