UGI Announces Executive Management Realignment to Enhance Execution of Business Strategy
Today, UGI Corporation (NYSE: UGI) (“UGI” or the “Company”) announced
the appointment of Roger Perreault to the newly created position of
Executive Vice President, Global LPG, and the appointment of Robert F.
Beard to the newly created position of Executive Vice President, Natural
Gas, effective October 1, 2018. John L. Walsh, President and Chief
Executive Officer of the Company, stated, “The creation of these two new
executive roles will allow us to better support strategic initiatives,
accelerate growth, drive efficiencies and foster best practice sharing
across the Company’s four business segments.”
In his new role, Mr. Perreault will be responsible for the Company’s LPG
distribution businesses, conducted through AmeriGas Propane, L.P. and
UGI International, LLC and their subsidiaries. Mr. Perreault joined UGI
in November 2015 as President of UGI International and he will continue
to serve in that role. Mr. Perreault spent 21 years with Air Liquide,
serving in various leadership positions, including in a global role as
President, Large Industries and, prior to that, in a role with
responsibility for Air Liquide’s North American large industries
business.
As Executive Vice President, Natural Gas, Mr. Beard will be responsible
for utility operations as well as the midstream and marketing activities
of the Company, conducted through UGI Utilities, Inc. and UGI Energy
Services, LLC and their subsidiaries. In his new role, Mr. Beard will
work closely with Joseph L. Hartz, President of UGI Energy Services. Mr.
Beard will remain President and Chief Executive Officer of UGI
Utilities, a position he has held since 2011. Mr. Beard joined UGI
Utilities in 2008 and previously served as Vice President, Marketing,
Rates and Gas Supply and as Vice President, Southern Region of UGI
Utilities. He has over 20 years of experience in the utility industry,
and prior to joining UGI Utilities, he served as Vice President of
Operations and Engineering of PPL Gas Utilities Corporation.
“Appointment of two highly-regarded executives to these critical roles
will allow us to enhance our focus on identifying and developing the
strategic growth opportunities that are so critical to our future. It
will also enable us to more fully leverage the ‘common ground’ within
our primary lines of business. We appreciate Roger’s and Bob’s
commitment to the Company and look forward to their further
contributions,” Mr. Walsh added.
UGI Corporation and AmeriGas Propane, Inc., the general partner of
AmeriGas Partners, L.P., also announced that Jerry E. Sheridan has
elected to leave the position of President and Chief Executive Officer
of AmeriGas. Hugh J. Gallagher, currently AmeriGas Vice President,
Finance and Chief Financial Officer, has been named AmeriGas President
and Chief Executive Officer, effective September 18, 2018. Mr. Gallagher
has held the position of Vice President, Finance and Chief Financial
Officer since May 2013. Since joining UGI in 1990, Mr. Gallagher has
served both UGI and AmeriGas in various finance, accounting and
operations roles, including Treasurer, Director of Treasury Services and
Investor Relations and Director, Business Development. UGI Chief
Financial Officer, Ted J. Jastrzebski, will serve as AmeriGas principal
financial officer on an interim basis until Mr. Gallagher’s successor is
named.
Mr. Walsh stated, “We thank Jerry for his service with AmeriGas and wish
him well in his future endeavors. We are confident that Hugh’s more than
25-year history with the Company will position him well to lead AmeriGas
as we head into the 2018-2019 winter heating season.”
About UGI Corporation
UGI is a distributor and marketer of energy products and services.
Through subsidiaries, UGI operates natural gas and electric utilities in
Pennsylvania, distributes propane both domestically and internationally,
manages midstream energy and electric generation assets in Pennsylvania,
and engages in energy marketing primarily in the Mid-Atlantic region as
well as parts of Europe. UGI, through subsidiaries, is the sole General
Partner and owns 26% of AmeriGas Partners, L.P. (NYSE: APU), the
nation's largest retail propane distributor.
Comprehensive information about UGI Corporation is available on the
Internet at http://www.ugicorp.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180917005767/en/
Copyright Business Wire 2018