Consol marks 150 years with ring of closing bell
J. Brett Harvey and Nick DeIuliis are much handsomer than Quasimodo and can ring a bell just as efficiently.
The top executives of Consol Energy proved that Thursday afternoon when they rang the closing bell at the New York Stock Exchange.
Harvey, chairman of the board and chief executive officer, and DeIuliis were granted that distinction in acknowledgment of the 150th anniversary of the company’s founding. The Southpointe-based firm also is marking 15 years of trading on the NYSE.
“As a company that began operations when Abraham Lincoln occupied the White House, Consol Energy’s storied legacy continues to define the company we are today,” said Harvey. “As we celebrate 150 years and look toward a future ripe with promising opportunities to continue to build on our proud legacy, it’s clear that the next 150 years will be rooted in the same philosophy and values that brought us to this moment.”
A number of executives and guests of Consol attended the ceremony.
The company still produces coal, locally at Bailey, Enlow Fork and BMX mines. But Consol also evolved into a large independent natural gas exploration, development and production company with operations in Marcellus Shale.
It launched as Consolidation Coal Co. April 19, 1864, almost exactly one year before the Civil War ended. Consol underwent name and numerous other changes over time, many of them recent.
The company was the world’s largest underground coal producer in 2004, then two years later created CNX Gas to grow its gas interests. Consol acquired Dominion Resources’ Appalachian E&P business in 2011, increasing its gas presence, then in October announced the sale of five longwall coal mines in West Virginia to Murray Energy Corp.