Antero Resources' Co-Founder Paul Rady Transitions to Chairman Emeritus

Antero Resources and Antero Midstream announce Co-Founder Paul M. Rady's transition to Chairman Emeritus, effective August 14, 2025. Rady will step down as CEO, President, and Chairman of the Boards of Directors for both companies. The Boards praise Rady's leadership, commitment to the oil and gas industry, and philanthropic efforts.

Antero Resources Corporation (NYSE: AR) and Antero Midstream Corporation (NYSE: AM) have announced that Co-Founder Paul M. Rady will transition to the role of Chairman Emeritus, effective August 14, 2025. This move signifies the end of Rady's active management role as CEO, President, and Chairman of the Boards of Directors for both companies. The boards of Antero Resources and Antero Midstream have praised Rady's leadership, industry commitment, and philanthropic efforts [1].

Under Rady's leadership, Antero Resources has grown to become the fifth-largest U.S. producer of natural gas and natural gas liquids (NGLs), with production of over 3.4 Bcfe/d as of Q2 2025. Antero Midstream has developed extensive midstream infrastructure, including 413 miles of low pressure and 295 miles of high pressure gathering pipeline, with 4.6 Bcf/d compression capacity [1]. The combined enterprise value of the Antero companies reached $24.0 billion during Rady's tenure [1].

The transition to Chairman Emeritus for Rady is part of a well-planned succession strategy. Michael N. Kennedy has been appointed as the new CEO and President of both Antero Resources and Antero Midstream, effective immediately. Kennedy has been a key figure within the organization, serving as Chief Financial Officer since 2021 and SVP—Finance since 2016. Prior to joining Antero, Kennedy held various executive positions at Forest Oil Corporation and Arthur Andersen, and holds a B.S. in Accounting from the University of Colorado at Boulder [2].

The leadership transition appears to be orderly, with Lead Independent Directors providing supportive statements. Benjamin A. Hardesty and David H. Keyte, who are now the Chairmen of the Boards of Antero Resources and Antero Midstream, respectively, have emphasized Kennedy's qualifications and the continuity of Antero's strategic direction [2].

The appointment of Kennedy and the separation of the Chairman and CEO roles suggest a focus on maintaining strategic continuity while transferring operational control. The companies appear well-established, with substantial scale and significant infrastructure in the Appalachian Basin [1, 2].

References:
[1] https://www.stocktitan.net/news/AM/antero-resources-and-antero-midstream-announce-co-founder-paul-m-nodpl4pck3tc.html
[2] https://www.prnewswire.com/news-releases/antero-resources-and-antero-midstream-announce-michael-n-kennedy-to-serve-as-chief-executive-officer-president-and-director-302530559.html