“With the successful launch as a public company earlier this year, Centuri is well positioned to grow as a standalone world-class utility infrastructure services platform,” said Karen Haller, Chair of Centuri’s Board of Directors. “Over the last decade-plus, our team has delivered long-term growth driven by our unique position in the market, our unwavering focus on safety and prioritizing recurring maintenance work for long-tenured blue-chip customers. At Centuri, the focus remains on driving customer growth at the operating companies. We will continue to execute the strategic plan developed with Bill including optimizing costs, effectively allocating capital and maintaining a balanced approach to growth.”
Ms. Haller continued, “As a long-time member of the Centuri advisory board and former CEO of NV Energy, a Berkshire Hathaway Energy portfolio company, Paul is uniquely prepared to step in as Interim CEO of Centuri. With more than four decades in the power and energy industry, he brings extensive energy, utility and industrial experience, including many of those years at the same company as Bill. Paul and Bill share the same relentless focus on operational excellence and driving disciplined growth. On behalf of the Board, I thank Bill for his contributions to Centuri as its CEO and wish him the best in his new role.”
“It has been an honor to lead and help refine Centuri’s strategy,” said Mr. Fehrman, Centuri’s outgoing President and Chief Executive Officer. “I remain confident in the strategy that has been implemented and Centuri’s ability to execute in the future. Centuri is a valued partner to many of the companies meeting North America’s growing energy demands and leading the energy transition, and I believe in the company’s opportunity for continued success as it delivers solutions across customers’ value chains. Paul has been a strong partner in developing Centuri’s strategy. I have greatly benefited from his insights and expertise as an advisor over the past few months, and I know he is the right person to serve as Interim CEO.”
“I’m pleased to be named Interim CEO of Centuri,” said Mr. Caudill. “Centuri’s success is driven by its operational excellence and deep customer relationships across the regulated utilities industry. Working alongside the Board and management team, I look forward to building on our track record of long-term growth.”
Centuri has commenced a process to identify a permanent CEO.
