Atmos CFO Bret Eckert leaves at short notice

  • Signs for push-out forces
  • After around four years on the job
  • Laud, praise and good wishes for Eckert
  • Chris Forsythe taking over

(management-change.com) — Dallas, Texas, January 19, 2017 — Bret Eckert, finance chief of Atmos, leaves. It is a change at short notice. As announced by Atmos Energy Corporation in a news release and in a regulatory filing published on Thursday, January 19, 2017, Bret J. Eckert, Chief Financial Officer, leaves the natural gas distributor in a surprising move after around four years on the job, effective February 01, 2017.

Eckert’s duties are taken over by Chris Forsythe, currently Vice President and Controller at Atmos Energy Corporation.

The move is part of a management shake-up.

“To pursue other opportunities”

The imminent management change is explained as follows. Atmos said: “Eckert will be leaving the company as Senior Vice President and Chief Financial Officer to pursue other opportunities.”

The phrase “to pursue other opportunities” is often used in corporate announcements and opens the door to speculation.

Precise information about the future plans of Eckert was not immediately available.

Share price rise since February 2009

The change follows a rise in the share price of Atmos Energy Corporation since February 2009.

Chaired by Robert W. Best

Atmos Energy Corporation is chaired by Robert W. Best.

Best has been Chairman of the board of Atmos Energy since April 2013.

CEO: Kim R. Cocklin

Kim R. Cocklin serves as CEO of Atmos Energy Corporation. Kim R. Cocklin was named chief executive officer of Atmos Energy Corporation on October 1, 2015.

On the job as CFO since 2012

Bret Eckert was named senior vice president and chief financial officer on October 1, 2012.

Prior to joining the Company in June 2012, Eckert was an assurance partner with Ernst & Young LLP.

Eckert brings more than 20 years of experience in the natural gas utilities industry.

He has extensive experience with SEC reporting matters and filings, regulatory accounting and reporting matters, equity/debt offerings, significant mergers/acquisitions/divestitures, public offerings, and technical accounting and financial matters.

Eckert holds a Bachelor of Business degree in accounting and finance from Texas A&M University.

He is a previous graduate of Leadership Dallas and remains active in the community.

Signs for push-out forces

It is not completely certain what forces eventually triggered Bret J. Eckert’s move.

The Push-out Score™ determined by management-change.com suggests that push-out forces may have contributed to the management change.

Read the full story in the management-change.com report 04.2017 ($).