Centuri Holdings Says Bill Fehrman Will Be Stepping Down As President And CEO To Take The CEO Role At American Electric Power; Paul Caudill Named To Interim Role

6/26/24 5:19:17 PM ET

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He will continue in his role as President and CEO of Centuri until July 31, 2024.

The Centuri Board has appointed Paul Caudill, former CEO of NV Energy, a Berkshire Hathaway Energy portfolio company, and Senior Advisor to the CEO and prior Centuri advisory board member, to succeed him as Interim President and CEO.

Additionally, Fehrman will remain on Centuri's Board of Directors until the Company transitions to a permanent CEO.

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Recent Analyst Ratings for
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Company	Date	Price Target	Rating	Analyst
Centuri Holdings Inc. $CTRI	10/7/2024	$19.00 → $16.00	Neutral → Underweight	JP Morgan
American Electric Power Company Inc. $AEP	9/20/2024	$107.00	Hold	Jefferies
American Electric Power Company Inc. $AEP	8/6/2024	$96.00 → $97.00	Neutral → Underperform	BofA Securities
Centuri Holdings Inc. $CTRI	7/30/2024	$30.00 → $17.00	Buy → Neutral	UBS
Centuri Holdings Inc. $CTRI	6/27/2024	$26.00 → $21.00	Neutral → Underperform	BofA Securities
American Electric Power Company Inc. $AEP	6/6/2024	$73.00 → $86.00	Sell → Neutral	Ladenburg Thalmann
American Electric Power Company Inc. $AEP	3/11/2024	$86.00 → $83.00	Neutral → Sell	UBS
American Electric Power Company Inc. $AEP	3/8/2024	$75.50 → $73.00	Neutral → Sell	Ladenburg Thalmann

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AEP Announces Leadership Changes to Empower Local Operations and Drive Growth
Initiates search for newly created president of AEP Transmission role responsible for leading high growth businessShifts management of generating plants and economic development function to local operating companiesRealigns leadership team to support key business functions and local decision-making COLUMBUS, Ohio, Oct. 31, 2024 /PRNewswire/ -- American Electric Power (NASDAQ:AEP) today announced leadership and organizational changes that will empower local operations, drive growth and create value for customers and stakeholders. The changes are effective today. "This new leadership and organizational structure is part of our effort to streamline the company, shift decision making and acco
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Report highlights progress across the company's four ESG pillars, establishes KPIs, alignment to UN SDGs Centuri Holdings, Inc. (NYSE:CTRI) ("Centuri" or the "Company"), a leading, pure-play North American utility infrastructure services company, released today its 2024 Sustainability Report, its first as a public company, that details progress in advancing environmental, social, and governance (ESG) commitments during 2023. The report, themed "Energy. Impact. Innovation.," outlines the Company's corporate governance structure and ESG framework, and provides an overview of how Centuri is contributing to the development of innovative, reliable, clean energy infrastructure solutions required
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COLUMBUS, Ohio, Oct. 24, 2024 /PRNewswire/ -- American Electric Power (NASDAQ:AEP) has named Matthew Fransen senior vice president, Finance and Treasurer, effective Dec. 1. He will succeed Julie Sherwood, who is retiring after 20 years with the company. Fransen will report to Chuck Zebula, executive vice president and chief financial officer. Fransen will be responsible for all elements of the finance and treasury function including working with banking institutions, investors and rating agencies to support AEP's capital market needs; cash flow management and forecasting; development of capitalization strategy and monitoring of key credit metrics; and management of AEP's trusts and investmen
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Centuri Holdings, Inc. to Report Third Quarter 2024 Results on November 6, 2024
Centuri Holdings, Inc. (NYSE:CTRI) ("Centuri" or the "Company"), a leading, pure-play North American utility infrastructure services company, today announced that it will report third quarter 2024 results on Wednesday, November 6, 2024. The Company will host an earnings conference call that morning at 10:00 AM ET / 7:00 AM PT to discuss the results and other business highlights. The conference call will be webcast live on the Company's investor relations (IR) website at https://investor.centuri.com. Date: Wednesday, November 6, 2024 Time: 10:00 AM ET / 7:00 AM PT Telephone number: (800) 225-9448 International telephone number: Conference ID: (203) 518-9708
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AEP Increases Quarterly Dividend to 93 Cents a Share
COLUMBUS, Ohio, Oct. 22, 2024 /PRNewswire/ -- The Board of Directors of American Electric Power Co. (NASDAQ:AEP) today declared a regular quarterly cash dividend of 93 cents a share on the company's common stock, an increase of 5 cents per share. The dividend is payable Dec. 10, 2024, to shareholders of record as of Nov. 8, 2024, and is the company's 458th consecutive quarterly common stock cash dividend. AEP has paid a cash dividend on its common stock every quarter since July 1910. "AEP is strengthening our operations to deliver reliable, affordable energy for customers and results for investors," said Bill Fehrman, AEP president and chief executive officer. "Our nearly 115-year history of
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AEP DECLARES QUARTERLY DIVIDEND ON COMMON STOCK
COLUMBUS, Ohio, July 24, 2024 /PRNewswire/ -- The Board of Directors of American Electric Power Co. (NASDAQ:AEP) has declared a regular quarterly cash dividend of 88 cents a share on the company's common stock. The dividend is payable Sept. 10, 2024, to shareholders of record as of Aug. 9, 2024, and is the company's 457th consecutive quarterly common stock cash dividend. AEP has paid a cash dividend on its common stock every quarter since July 1910. At American Electric Power, based in Columbus, Ohio, we understand that our customers and communities depend on safe, reliable and affordable power. Our nearly 16,000 employees operate and maintain more than 40,000 miles of transmission lines, th
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AEP Names Industry Veteran Bill Fehrman as President and Chief Executive Officer
Fehrman is an accomplished leader with decades of industry experience and expertiseBenjamin G.S. Fowke III to serve as senior advisor during transition and remain a Board member COLUMBUS, Ohio, June 26, 2024 /PRNewswire/ -- American Electric Power's (NASDAQ:AEP) Board of Directors has elected William J. "Bill" Fehrman as president and chief executive officer, effective Aug. 1, 2024. Fehrman brings decades of utility operational leadership experience and in-depth knowledge of the energy industry. Most recently, he served as president and CEO of Centuri Holdings, where he helped
6/26/24 5:15:00 PM ET
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Centuri Announces Leadership Transition
Bill Fehrman Will Be Stepping Down to Take CEO Role at American Electric Power Board Appoints Former Centuri Advisory Board Member Paul Caudill as Interim CEO Centuri Holdings, Inc. (NYSE:CTRI) ("Centuri"), today announced Bill Fehrman will be stepping down as President and CEO to take the CEO role at American Electric Power (NASDAQ:AEP), one of the nation's largest publicly traded utility companies. He will continue in his role as President and CEO of Centuri until July 31, 2024. The Centuri Board has appointed Paul Caudill, former CEO of NV Energy, a Berkshire Hathaway Energy portfolio company, and Senior Advisor to the CEO and prior Centuri advisory board member, to succeed him as In
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COLUMBUS, Ohio, May 13, 2024 /PRNewswire/ -- American Electric Power (NASDAQ:AEP) has named Chris Brathwaite vice president and chief communications officer, effective today. He will report to Phil Ulrich, executive vice president and chief human resources officer. Brathwaite will have responsibility for enterprise-wide employee and external communications, reputation management, policy communications, marketing, brand management, digital communications, social media, analytics and creative services. "Chris brings to AEP an extensive career and track record of leading effective communications strategies for large and complex organizations," Ulrich said. "His expertise in public relations and
5/13/24 9:00:00 AM ET
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Centuri Holdings Says Bill Fehrman Will Be Stepping Down As President And CEO To Take The CEO Role At American Electric Power; Paul Caudill Named To Interim Role

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