California Resources names Clio Crespy as CFO effective Jan 1, 2025; Nelly Molina departs

California Resources Corp

Appoints Clio Crespy EVP & CFO effective Jan 1, 2025; succeeds Nelly Molina who departs Dec 31, 2024.
Crespy receives $615K base salary, 100% target bonus, 400% LTI target, and $1.35M initial RSU grant.
Crespy most recently Senior MD at Guggenheim Securities, advising on energy and sustainability.
Molina's departure not due to any disagreement with CRC on internal controls or financial statements.
Employment agreement includes 2-year initial term, severance multiplier of 1.5x (2x upon change in control).

item 5.02 item 7.01 item 9.01

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Appointed

Clio C. Crespy

Executive Vice President and Chief Financial Officer

CRC · California Resources Corp

Effective: 2025-01-01
Filed: November 25, 2024, 6:59 PM ET

Clio C. Crespy will join the Company as Executive Vice President and Chief Financial Officer, effective January 1, 2025.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Clio C. Crespy was appointed as Executive Vice President and Chief Financial Officer at California Resources Corp.

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

Clio C. Crespy will join the Company as Executive Vice President and Chief Financial Officer, effective January 1, 2025.

View on SEC.gov

California Resources Corp filing history →

Source: SEC EDGAR

accession 0001609253-24-000125

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