Frank S. Hermance to Retire from UGI’s Board of Directors
September 28 2023 - 9:00AM
Business Wire
UGI Corporation (NYSE: UGI) announced today that Frank S.
Hermance intends to retire from its Board at the annual shareholder
meeting to be held in January 2024. Hermance’s decision complies
with the mandatory retirement age set forth in UGI’s corporate
governance documents. Mario Longhi has been nominated to succeed
Hermance as Chair of the Board.
Roger Perreault, President and Chief Executive Officer of UGI
Corporation, stated, “On behalf of our leadership team and the
entire UGI Board, I would like to thank Frank for his many
contributions in the boardroom, expertise and dedicated service as
a member of UGI’s Board during the past twelve years. Frank’s
guidance has been incredibly valuable to me and our entire
leadership team as we look to best position our Company for success
within the evolving energy industry. While we will miss Frank’s
thoughtful perspectives, we wish Frank the best in his
well-deserved retirement.”
Hermance remarked, “It has been an honor to serve as UGI’s Board
Chair as well as a Director. While I will miss working with my
fellow Directors, I have greatly appreciated their contributions
and commitments to UGI’s success. I am pleased that Mario has
agreed to succeed me as Board Chair. His extensive leadership and
operational experience as a chief executive of large, international
companies, as well as his service as a director of UGI and other
global company boards, make him particularly well qualified to
guide UGI in 2024 and beyond.”
About UGI Corporation
UGI Corporation (NYSE: UGI) is a distributor and marketer of
energy products and services in the US and Europe. UGI offers safe,
reliable, affordable, and sustainable energy solutions to customers
through its subsidiaries, which provide natural gas transmission
and distribution, electric generation and distribution, midstream
services, propane distribution, renewable natural gas generation,
distribution and marketing, and energy marketing services.
Comprehensive information about UGI Corporation is available on
the Internet at https://www.ugicorp.com.
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