As Expand Energy Corporation prepares to move its headquarters from Oklahoma City to Houston, the company announced the naming of a new Chief Financial Officer.
The appointment of Marcel Teunissen was effective on Monday, April 6, according to the announcement made in Spring, Texas, a suburb of Houston.
“Marcel brings a rare blend of financial depth, disciplined strategic leadership, and hands-on operations experience across the full energy value chain,” said Michael Wichterich, Expand Energy’s Chairman of the Board, Interim President and Chief Executive Officer. “As Expand Energy enters the next chapter in its growth, Marcel’s experience with large global natural gas and LNG businesses and complex business transformations makes him exactly the kind of leader who can elevate our entire organization.”
Insider Brittany Raiford had been the Interim CFO since last August following the company removal of Mohit Singh who had been chief financial officer since 2021. The company stated at the time Singh departed due to a termination without cause.
“I’m honored to join North America’s largest natural gas producer as the Company’s momentum accelerates,” said Teunissen. “Natural gas demand is surging, driven by AI power generation, industrial, and global LNG, and no company is better positioned to capture this structural wave of growth than Expand Energy. I am eager to join the team and help build on the company’s strong foundation and advance a commercial approach to delivering results across the gas value chain.”
Teunissen most recently served as President, North America for Parkland Corporation leading a large, customer-facing business across the United States and Canada. From 2020 to 2024, he served as Parkland’s Chief Financial Officer where he led the company’s financial strategy, capital markets, and investor engagement, supporting Parkland’s growth as a leading international energy business through acquisitions, integration, and large-scale transformation.
Prior to Parkland, Teunissen spent more than 20 years with Shell plc in senior and executive finance, commercial, and strategy roles across upstream and integrated gas (LNG) businesses, including as Vice President of Finance for Integrated Gas Ventures and Executive Vice President of Finance for Global Integrated Gas and New Energies, based in the Netherlands. He brings deep expertise across the gas value chain—from supply and infrastructure to trading and end-market delivery to complex portfolio management—combining financial discipline with a strong commercial focus to deliver sustainable growth that enhances returns and resilience. He holds a master’s degree in economics from Erasmus University in Rotterdam, The Netherlands.
In 2023, in three transactions, the company sold all of its assets in the Eagle Ford shale to Ineos, WildFire Energy (a subsidiary of Warburg Pincus and Kayne Anderson), and SilverBow Resources for a total of $3.5 billion.