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- Bill Fehrman to Step Down as CEO of Centuri Holdings, Inc.
Bill Fehrman to Step Down as CEO of Centuri Holdings, Inc.
Slice of Energy Team
July 08, 2024
Key Highlights:
Bill Fehrman to step down as CEO of Centuri Holdings, Inc. effective July 31, 2024.
Paul Caudill appointed as Interim CEO, brings over four decades of industry experience.
Centuri continues its growth trajectory as a standalone utility infrastructure services platform.
Centuri commences the process to identify a permanent CEO.
Source (Business Wire)
Notable Quotes:
“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. Paul and Bill share the same relentless focus on operational excellence and driving disciplined growth.”
“It has been an honor to lead and help refine Centuri’s strategy. I remain confident in the strategy that has been implemented and Centuri’s ability to execute in the future.”
Our Take:
The transition in leadership at Centuri Holdings marks a significant step in the company’s evolution as a newly public entity. Bill Fehrman’s departure to helm American Electric Power reflects his successful tenure at Centuri, characterized by strategic growth and operational excellence. Paul Caudill’s appointment as Interim CEO ensures continuity, given his extensive background in the energy sector and previous advisory role at Centuri. This leadership change, coupled with the company’s strategic initiatives, positions Centuri to continue its expansion and innovation within the utility infrastructure services industry. The board's decision to start the search for a permanent CEO underscores their commitment to finding a leader who can sustain and build upon this momentum.