Former EQT CFO, David Khani, Joins Arbo Board of Directors

Business Wire 28-Feb-2024 9:31 AM

New Director's significant industry and financial experience will immediately impact Arbo's growth strategy.

Arbo, a leading provider of energy analytics and research that transforms regulatory data into business intelligence, announced it has appointed David Khani as a Director to contribute to Arbo's growth by providing valuable insights informed by a distinguished career in energy corporate finance and equity research. Khani will help the company expand its offering in the energy transportation industry as companies leverage the massive infrastructure investments underway to facilitate global energy transition.

Khani joins the Arbo board which includes industry veteran Daniel Sullivan, who was the founder and CEO of PowerAdvocate, a leading provider of market, cost intelligence, and supply chain solutions serving the energy sector, which was acquired by Verisk (NASDAQ:VRSK).

"We are thrilled to welcome Dave to Arbo," said Arbo's CEO and founder, Chip Moldenhauer. "He is known throughout the industry for his deep understanding of the interconnection between commodity market fundamentals, infrastructure, and regulatory and policy dynamics impacting investment decisions. We are privileged to have Directors of Dave and Dan's caliber steering Arbo's growth."

"Arbo has tremendous tailwinds and growth opportunities," said Sullivan. "Predicting timelines of projects impacting incumbent and renewable energy supply and the evolving power generation mix has become increasingly complex, critical, and constrained by regulatory dynamics. Adding Dave's experience to the board will be of great benefit to Arbo's energy transportation and trading customers."

"Companies in America and around the world are making massive investments in the next generation of energy infrastructure to rapidly evolve the world to lower carbon economies. The ability to predict project costs and schedules and adapt to changing regulatory frameworks and policies is more important than ever for the industry," said Khani. "Arbo provides great value in these areas for its well established and expanding customer base, and I look forward to supporting Chip and his talented team as they continue to scale the business."

Khani served as Chief Financial Officer of EQT Corporation, a leading independent U.S. natural gas producer with an asset base in the core of the Appalachian Basin ("EQT Corp."), from January 2020 until July 2023. Prior to joining EQT Corp., he served as the Executive Vice President and Chief Financial Officer of CONSOL Energy and as CFO and as a board member of its affiliates, including CNX Midstream Partners LLC and a joint venture with Noble Energy. Khani spent the first 18 years of his career at various investment banking and capital market firms, including FBR & Co., Prudential Financial, Inc., and Lehman Brothers, Inc. He holds a B.A. in biological sciences from State University of New York—Binghamton and an M.B.A. in corporate accounting and finance from the University of Rochester and has been a chartered financial analyst (CFA) for 25 years.

Arbo (www.goarbo.com) provides analytics, data, research, and consulting to the energy transportation and trading industries for commercial decision analysis, infrastructure and regulatory intelligence, and to support physical transactions. Our analytics provide unique insights into project timing not available anywhere else. Our data and research anticipates and interprets market events and structures millions of regulatory filings so customers can increase transaction velocity and accuracy, access competitive intelligence, identify arbitrage opportunities, accurately predict project timelines, and reduce operational risks.

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