Fortis Inc. Strengthens Board with New Appointment
Fortis Inc. Strengthens Board with New Appointment
Fortis Inc. is making notable changes to its Board of Directors aimed at enhancing its governance and leadership. The Corporation, a prominent entity in the regulated electric and gas utility industry, is known for its commitment to delivering reliable services and maintaining robust operational standards.
Board Resignation and New Appointment
Recently, the Board accepted the resignation of Ms. Lisa Crutchfield, effective at the end of the year. Ms. Crutchfield expressed her gratitude for her time on the Board, saying, "It has been a privilege to serve on the Fortis Board of Directors," indicating her support for the management and the Board's future endeavors.
In her place, Gregory Knight has been appointed, effective from the start of January next year. Knight brings extensive experience from the utility sector, having effectively led customer-focused initiatives at CenterPoint Energy, Inc. His prior roles have equipped him with a wealth of knowledge in areas that Fortis values highly, particularly in customer service and business transformation.
Welcoming Gregory Knight
Jo Mark Zurel, the Chair of the Fortis Board, expressed enthusiasm about Knight joining the team, stating, "We are thrilled to have Gregg join our Board. His extensive experience in our sector will further strengthen the quality of our leading board practices." This enthusiasm highlights Fortis' commitment to ensuring that its Board remains equipped with individuals capable of navigating the complexities of the utility industry.
Fortis: A Leader in Utility Services
Fortis Inc. stands out as a well-diversified leader in North America’s utility space. With a reported revenue of $12 billion in 2023 and total assets amassing $70 billion as of late September 2024, the Corporation operates in five Canadian provinces, ten U.S. states, and three Caribbean nations, employing around 9,600 dedicated professionals.
With shares traded on both the TSX and NYSE under the ticker symbol FTS, Fortis is well-positioned for future growth. The Corporation's strategic focus on customer service and innovation in energy solutions continues to drive its reputation as a trusted utility provider.
Looking Ahead
As Fortis Inc. moves forward, the leadership changes bring renewed energy and perspectives that align with the Corporation's vision for customer engagement and operational excellence. With Mr. Knight's addition to the Board, there's optimism for the continued progression of Fortis' strategic objectives.
Frequently Asked Questions
What changes were announced concerning Fortis Inc.'s Board?
Fortis Inc. announced the resignation of Ms. Lisa Crutchfield and the appointment of Gregory Knight to the Board of Directors.
What experience does Gregory Knight bring to Fortis?
Gregory Knight has extensive executive utility experience, including leadership roles in customer transformation at CenterPoint Energy and National Grid USA.
How does Fortis Inc. operate within North America?
Fortis is a well-diversified leader in the regulated electric and gas utility industry, serving customers in five Canadian provinces, ten U.S. states, and three Caribbean countries.
What are the financial statistics of Fortis Inc.?
For 2023, Fortis reported revenues of $12 billion and total assets worth $70 billion, highlighting its significant presence in the utility market.
Where can I find more information about Fortis Inc.?
Additional information can be accessed on their official website and through financial regulatory platforms.
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