Management ChangeJun 5, 2026, 04:27 PM
New Fortress Energy Announces CAO Transition
AI Summary
New Fortress Energy Inc. announced a change in its Chief Accounting Officer position. Michael Lowe will resign from his role effective July 1, 2026, after serving the company since 2019. Frederick Hundt, who joined the company in June 2025 as Global Controller, will succeed Mr. Lowe as Chief Accounting Officer, also effective July 1, 2026. Mr. Hundt brings over 25 years of accounting and financial reporting experience, including previous roles at GXO Logistics and Mastercard.
Key Highlights
- Michael Lowe will resign as Chief Accounting Officer of New Fortress Energy Inc. effective July 1, 2026.
- Mr. Lowe served the company since 2019, initially as Senior Vice President and then as CAO.
- Frederick Hundt, age 48, will assume the role of Chief Accounting Officer effective July 1, 2026.
- Mr. Hundt joined New Fortress Energy in June 2025 as Global Controller.
- Prior to NFE, Mr. Hundt was Corporate Controller at GXO Logistics from April 2023 to June 2025.
- He also held leadership positions at Mastercard from 2015 to April 2023, including Assistant Corporate Controller.
- Both Mr. Lowe and Mr. Hundt have prior experience at PwC.
Price Impact
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