John L. Walsh to Retire as President & Chief Executive Officer in June 2021; Roger Perreault to be Named UGI’s President & ...
April 12 2021 - 8:45AM
Business Wire
UGI Corporation (NYSE: UGI) announced today that John L. Walsh,
age 65, intends to retire as President and Chief Executive Officer
on June 25, 2021. Mr. Walsh will continue to serve as a member of
UGI’s Board of Directors. Roger Perreault, age 57, will become
President and Chief Executive Officer of UGI and will join the UGI
Board as a Director upon Mr. Walsh’s retirement. Mr. Perreault
currently serves as UGI’s Executive Vice President, Global LPG, and
President of UGI’s subsidiary, UGI International, LLC.
Mr. Walsh has served as Chief Executive Officer of UGI since
2013 and as President and a Director since 2005. Mr. Walsh
previously served as UGI’s Chief Operating Officer from 2005 to
2013 and as the President and Chief Executive Officer of UGI
Utilities, Inc., a subsidiary of UGI, from 2009 to 2011. Prior to
joining UGI, Mr. Walsh held various senior management positions at
the BOC Group plc (an industrial gas company) from 1986 to
2005.
Frank S. Hermance, UGI’s Chair of the Board of Directors,
stated, “During John’s time as President and CEO, the company
experienced significant growth and value creation for UGI
shareholders and executed on key strategic investments, including
the Totalgaz France acquisition, the AmeriGas merger, the Columbia
Midstream acquisition and the pending Mountaineer Gas acquisition.
In addition to his impressive track record of financial and
operational success, John has made significant progress on the
company’s critical environmental, social and governance
initiatives, including investment in renewable and sustainable
energy solutions, commitment to greenhouse gas emission reduction
targets and promotion of diversity and inclusion through the
company’s Belonging, Inclusion, Diversity & Equity initiative.
Most recently, we are grateful to John for his unwavering
leadership of the company through the challenges and uncertainty of
the COVID-19 pandemic.” Mr. Hermance continued, “We wish John a
long, happy and healthy future retirement, and we are very pleased
that the UGI shareholders will continue to benefit from John’s
leadership as a member of UGI’s Board of Directors.”
Mr. Perreault joined UGI in 2015 as President of UGI
International, LLC and has served as UGI’s Executive Vice
President, Global LPG since 2018. Prior to joining UGI, Mr.
Perreault spent 21 years at Air Liquide, a world leader in gases,
technologies and services for industry and health, where he served
in various leadership positions globally. At Air Liquide, Mr.
Perreault was President of its large industries business, and prior
to that, was responsible for Air Liquide’s North American large
industries business. The large industries business line provides
comprehensive gas and energy solutions to customers in the metals,
chemicals, refining and energy industries.
Mr. Walsh stated, “I am very pleased with the Board’s decision
to appoint Roger Perreault as my successor as UGI’s President and
Chief Executive Officer. Roger has been an invaluable addition to
the company since joining UGI in 2015 and has had a significant
impact on UGI Corporation and our Global LPG business through his
leadership of the ongoing UGI International and AmeriGas
transformation projects designed to improve long-term operational
performance and deliver an enhanced customer experience. He has
also taken a lead role in developing many of the renewable energy
solutions opportunities that are so critical to our future. Roger’s
broad global experience, rigorous focus on operational excellence
and customer service mindset will be critical to UGI’s continued
evolution of its natural gas, LPG and renewable energy businesses.
I am confident that UGI and its shareholders will benefit from
Roger’s strong leadership and I wish him success in his new role. I
am also pleased to be continuing in my role as a member of the
Board of Directors and I look forward to continuing to contribute
to the future success of UGI in that capacity.”
About UGI Corporation
UGI Corporation is a distributor and marketer of energy products
and services. Through subsidiaries, UGI operates natural gas and
electric utilities in Pennsylvania, distributes LPG both
domestically (through AmeriGas) and internationally (through UGI
International), manages midstream energy assets in Pennsylvania,
Ohio, and West Virginia and electric generation assets in
Pennsylvania, and engages in energy marketing, including renewable
natural gas, in twelve states and the District of Columbia and
internationally in France, Belgium, the Netherlands and the UK.
Comprehensive information about UGI Corporation is available on
the Internet at https://www.ugicorp.com.
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