Unitil Announces Leadership Change Effective April 25, 2018
March 01 2018 - 4:30PM
Unitil Corporation (“Unitil” or the “Company”) (NYSE:UTL)
(www.unitil.com) today announced that Robert G. Schoenberger, 67,
will retire as Chairman of the Board, President and Chief Executive
Officer on April 25, 2018. Mr. Schoenberger has also decided not to
stand for re-election to the Board of Directors (the “Board”) at
the Company’s 2018 Annual Meeting of Shareholders on April 25,
2018. As part of the Company’s leadership succession plan, Thomas
P. Meissner, Jr., 55, the Company’s Senior Vice President and Chief
Operating Officer, has been selected by the Board to succeed Mr.
Schoenberger as Chairman of the Board, President and Chief
Executive Officer on April 25, 2018. Mr. Meissner is expected to be
elected to the Board by the Company’s shareholders at the 2018
Annual Meeting for a term of three years.
Mr. Schoenberger’s decision to retire will bring to a close a
remarkable career spanning 38 years in the utility industry,
including over 20 years of continuous service with the Company. Mr.
Schoenberger has been Chairman of the Board and Chief Executive
Officer since October 1997. Prior to his employment with Unitil,
Mr. Schoenberger was President and Chief Operating Officer of the
New York Power Authority from 1993 until 1997.
Under Mr. Schoenberger’s leadership, Unitil has delivered a
consistent track record of strong financial, operational and
customer-focused performance. The Company has grown from a
business of 107,000 customers operating in two states with an
investment in Net Utility Plant of $151 million in 1997 to one with
more than 186,000 electric and natural gas customers operating in
three states with an investment in Net Utility Plant of $972
million today.
Mr. Meissner has served as the Company’s Senior Vice President
and Chief Operating Officer since 2005. Throughout his 24 year
career with the Company, he has had extensive senior leadership
responsibility for electric and gas engineering, operations,
regulatory compliance and strategic planning. Mr. Meissner
earned his Bachelor of Science from Northeastern University in
Boston, Massachusetts, in 1985 with degrees in Electrical
Engineering and Mechanical Engineering, and his MBA from the
University of New Hampshire Whittemore School of Business and
Economics in Durham, New Hampshire, in 2004. Mr. Meissner is a
registered professional engineer in the state of New Hampshire, and
is also a Director of the Northeast Gas Association.
“I’ve known and worked with Tom for over 20 years and he has
been pivotal to the Company’s strategic and operational successes,”
said Mr. Schoenberger. “I have every confidence in his
ability to successfully lead Unitil into the future. His
extensive experience in our industry, passion for our customers,
leadership skills, and focus on results make him the ideal person
to lead the Company going forward.”
“I am honored to assume leadership of Unitil and work with an
exceptional management team and dedicated employees who are
committed to delivering safe, reliable and affordable energy to our
customers. I look forward to meeting the energy challenges
facing New England, furthering our commitment to the customers and
communities we serve, and bringing positive results to
shareholders,” said Mr. Meissner. “We will carry on the
service and performance-oriented culture that Bob instilled over 20
years as Chief Executive Officer.”
On behalf of the Company’s Board of Directors, Lead Director
Albert H. Elfner, III, said, “Mr. Schoenberger has been an
extraordinary leader for more than two decades as the Chairman of
the Board and Chief Executive Officer. He has delivered
outstanding results in every category – customer, financial,
operations, regulatory, safety, and community. We thank him
for his leadership and dedication to the Company, and wish him
health, happiness and prosperity in his well-deserved
retirement.”
About Unitil Corporation
Unitil Corporation provides energy for life by safely and
reliably delivering natural gas and electricity in New England. We
are committed to the communities we serve and to developing people,
business practices, and technologies that lead to the delivery of
dependable, more efficient energy. Unitil Corporation is a public
utility holding company with operations in Maine, New Hampshire and
Massachusetts. Together, Unitil’s operating utilities serve
approximately 105,000 electric customers and 81,300 natural gas
customers. Other subsidiaries include Usource, Unitil’s
non-regulated business segment. For more information about our
people, technologies, and community involvement please visit
www.unitil.com.
For more information please
contact:
David Chong – Investor RelationsPhone: 603-773-6499Email:
chong@unitil.com
Alec O’Meara – Media
Relations
Phone:
603-773-6404
Email: omeara@unitil.com
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