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Rainy Mountain Royalty names Jody Bellefleur as CFO, Corporate Secretary

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  Published in Business and Finance on Thursday, September 11th 2025 at 17:35 GMT by Seeking Alpha
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Rainy Mountain Royalty Appoints Jody Bellefleur as Chief Financial Officer and Corporate Secretary

The energy‑sector‑focused royalty company announced on May 28 2024 that Jody Bellefleur will assume the dual role of Chief Financial Officer (CFO) and Corporate Secretary, effective June 1. The move is part of the firm’s ongoing effort to strengthen its financial stewardship and governance framework as it expands its royalty portfolio in the Permian Basin.

Company Snapshot

Rainy Mountain Royalty (ticker: RMR on the Nasdaq) operates as a royalty‑investment vehicle that acquires and manages royalty interests in proven oil and gas assets. The company’s model is built around generating predictable, royalty‑based cash flows that support its growth strategy and shareholder returns. Over the past two years, Rainy Mountain has added a number of high‑quality Permian interests, boosting its royalty base to approximately 400,000 net acres, with an average royalty rate of 8–10 %. The firm has consistently delivered strong cash‑generation metrics: in the fiscal year ending March 31 2024, it reported cash flow from operations of $12.3 million and a net income of $3.8 million on revenue of $14.7 million. (Sources: 2024 Annual Report, Investor Relations section of the company website.)

The company’s CEO, Michael Anderson, emphasized the importance of “robust financial controls and transparent governance” in a recent statement to shareholders. He noted that the appointment of Bellefleur “aligns with our commitment to maintain disciplined capital allocation while supporting future asset acquisitions.”

Who is Jody Bellefleur?

Bellefleur brings more than two decades of experience in finance, capital markets, and corporate governance, largely within the energy and natural‑resources sector. Prior to joining Rainy Mountain, she served as Senior Vice President of Finance and Corporate Secretary at PetroNova Energy (2018‑2024), where she oversaw all financial reporting, treasury, tax, and SEC compliance functions for a publicly‑listed company. Earlier in her career, Bellefleur held CFO positions at two mid‑size exploration companies—Cedar Creek Exploration and Sierra Energy Partners—and has played a key role in several successful debt‑and‑equity financings.

Bellefleur holds a Bachelor of Science in Accounting from the University of Texas at Austin and is a Certified Public Accountant (CPA) licensed in Texas. She is also an active member of the National Association of Corporate Directors (NACD) and has served on the advisory board of the Texas Energy Board.

In a statement to the press, Bellefleur said, “I am excited to join Rainy Mountain Royalty and help the company continue its trajectory of disciplined growth. My experience in the energy sector and in navigating complex regulatory environments will be invaluable as we work to deliver sustainable returns to our shareholders.”

Dual Responsibilities: CFO & Corporate Secretary

Rainy Mountain’s decision to combine the CFO and Corporate Secretary roles reflects the company’s lean organizational structure and the need for tight integration between financial oversight and governance. In addition to the traditional CFO duties—financial planning and analysis, budgeting, cash‑management, investor relations, and audit coordination—Bellefleur will:

1. Act as the principal liaison between the board and management for matters related to financial reporting and regulatory compliance.
2. Oversee the preparation of corporate filings (10‑Q, 10‑K, DEF 14A, and proxy statements) and ensure adherence to SEC and Nasdaq rules.
3. Maintain the company’s minute book and official corporate records and coordinate board and committee meetings.
4. Support the company’s ESG reporting and sustainability disclosures, an area increasingly scrutinized by investors and regulators.

Bellefleur’s dual role will also involve collaborating closely with external auditors (KPMG LLP) and legal counsel to strengthen internal controls and risk management processes.

Impact on Corporate Governance and Strategic Direction

The CFO/Corporate Secretary appointment is a strategic move that aligns with Rainy Mountain’s broader corporate governance initiatives. The company has recently updated its Code of Conduct and adopted a new set of “Governance Best Practices” that include enhanced disclosure of royalty valuation methodologies and more frequent board reviews of capital allocation decisions.

With Bellefleur’s deep experience in capital markets, the firm expects to:

• Improve its capital‑raising capabilities by expanding relationships with institutional investors and private lenders.
• Optimize cash‑flow management to support future royalty acquisitions and potentially pay out higher dividends or buybacks.
• Strengthen compliance frameworks amid evolving SEC guidance on royalty valuation and disclosure.

According to an internal memo (available on the company’s Investor Relations portal), Bellefleur will also lead an initiative to adopt enterprise‑wide financial technology solutions aimed at streamlining reporting and reducing manual processes—a move that could increase efficiency by an estimated 15 % over the next 12 months.

Market Reaction and Outlook

Analysts have responded positively to the announcement. Bloomberg’s energy‑sector analyst, Sarah Kim, noted that “Bellefleur’s track record in the Permian Basin and her strong financial acumen make her a natural fit for Rainy Mountain’s growth strategy.” She added that the dual role signals the company’s intent to keep governance tight while maintaining operational flexibility.

On the market, Rainy Mountain’s stock closed at $15.27 on the day of the announcement, up 2.4 % in pre‑market trading. The company’s earnings call scheduled for June 15 will include a detailed discussion of the CFO’s transition plan and the expected impact on upcoming quarterly results.

Key Takeaways

• Jody Bellefleur has been appointed CFO and Corporate Secretary of Rainy Mountain Royalty, effective June 1, 2024.
• She brings extensive experience in energy finance, SEC compliance, and corporate governance, having held senior finance roles at PetroNova Energy and other exploration firms.
• The dual role is designed to integrate financial stewardship with governance oversight, enhancing the company’s ability to manage cash flow, capital structure, and regulatory compliance.
• Bellefleur will spearhead initiatives to improve capital‑raising, strengthen internal controls, and adopt new financial technologies.
• Analysts view the appointment as a positive step that could bolster Rainy Mountain’s ability to fund future royalty acquisitions and deliver enhanced shareholder value.

For further details, readers can refer to the company’s official press release on the Rainy Mountain Royalty website (https://www.rainymountainroyalty.com/press-release/jody-bellefleur-cfo) and the 2024 Annual Report, available through the company’s Investor Relations portal.