UGI Announces Executive Management Realignment to Enhance Execution of Business Strategy
18 September 2018 - 6:40AM
Business Wire
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20180917005767/en/
UGI CorporationGary Garcia, 610-337-1000 ext. 6672Brendan Heck,
610-337-1000 ext. 6608
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