AmeriGas Announces Executive Management Changes
September 17 2018 - 4:40PM
Business Wire
Today, AmeriGas Propane, Inc. (“AmeriGas” or the “General
Partner”), the general partner of AmeriGas Partners, L.P. (NYSE:
APU), announced that Jerry E. Sheridan has elected to leave the
position of President and Chief Executive Officer and Hugh J.
Gallagher, currently AmeriGas Vice President, Finance and Chief
Financial Officer, has been appointed to the President and Chief
Executive Officer position, effective September 18, 2018. Mr.
Sheridan has also resigned as a director of the General Partner but
will remain an employee of AmeriGas until January 2019 to assist
with the transition.
John L. Walsh, President and Chief Executive Officer of UGI
Corporation (“UGI”), the ultimate parent of the General Partner,
stated, “We thank Jerry for his more than 13 years of service with
AmeriGas and we wish him well in his future endeavors. During
Jerry’s tenure with the Company, we completed over 90 acquisitions
and achieved an increase of total unitholder return of more than
280%, a compound annual growth rate of over 10%, outpacing the
Alerian MLP index and the S&P 500 index. We are pleased to have
Hugh step into the President and CEO role. 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.”
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.
In addition, UGI announced the appointment of Roger Perreault to
the newly created position of Executive Vice President, Global LPG,
effective October 1, 2018. In his new role, Mr. Perreault will lead
the Company’s LPG distribution businesses, conducted through
AmeriGas Propane, L.P. and UGI International, LLC and their
subsidiaries. Mr. Gallagher will report to Mr. Perreault. 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. Mr.
Walsh added, “The creation of Roger’s new role will allow us to
better support strategic initiatives, accelerate growth, drive
efficiencies and foster best practice sharing across UGI’s LPG
businesses. We believe a strong and close collaboration between
Roger and Hugh will enhance our ability to execute on the strategic
opportunities that are critical to our future.”
About AmeriGas
AmeriGas is the nation’s largest retail propane marketer,
serving over 1.8 million customers in all 50 states from
approximately 1,900 distribution locations. UGI Corporation,
through subsidiaries, is the sole General Partner and owns 26% of
the Partnership and the public owns the remaining 74%.
Comprehensive information about AmeriGas is available on the
Internet at http://www.amerigas.com.
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AmeriGas Partners, L.P.Gary Garcia, 610-337-1000 ext.
6672Brendan Heck, 610-337-1000 ext. 6608
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