California Resources Corporation (CRC), an independent energy and carbon management firm, has announced the appointment of Clio Crespy as Executive Vice President and Chief Financial Officer, effective January 1, 2025. This follows the departure of current CFO Nelly Molina, who will step down at the end of the year.
Clio Crespy brings extensive experience in the energy sector, having served as Senior Managing Director, Investment Banking, Global Energy & Power at Guggenheim Securities, where she also spearheaded the sustainability practice. Crespy previously provided strategic and financial advisory services to upstream energy companies and power producers at Evercore as Managing Director, and before that, at BNP Paribas.
Francisco Leon, President and CEO of CRC, expressed enthusiasm about Crespy's appointment, noting, "I have collaborated closely with Clio on several of our most important projects in recent years, such as our Carbon TerraVault joint venture with Brookfield and the DAC hub at Elk Hills, and I am excited to welcome her to our team."
