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"Fortis will remain a Canadian-headquartered company and our success in this evolving industry will continue to be built on our strong foundation of safety, culture, responsibility, and commitment to our customers, employees and communities," said Hutchens. "Barry led the Corporation's acquisition of our largest business, ITC Holdings, the listing of Fortis on the New York Stock Exchange and, following our strategic expansion into the United States, he successfully pivoted the Corporation toward organic growth. "Barry led the Corporation's acquisition of our largest business, ITC Holdings, the listing of Fortis on the New York Stock Exchange and, following our strategic expansion into the United States, he successfully pivoted the Corporation toward organic growth. In this role, Hutchens maintained his responsibility as President and CEO of UNS Energy and provided oversight of the operations of FortisBC and FortisAlberta. Hutchens has been with UNS Energy for 25 years, advancing through various management positions, overseeing wholesale energy trading and marketing, and energy efficiency and resource planning. rights reserved. Perry made a … Additional information can be accessed at www.fortisinc.com, www.sedar.com, or www.sec.gov. Furthermore, Barry advanced many priorities at the Corporation, including safety, diversity and inclusion, sustainability, investor relations and cybersecurity. A .pdf version of this press release is available at: http://ml.globenewswire.com/Resource/Download/bceba61e-4eff-4c3f-ad1b-eb930ef36aaf, For further information contactInvestor Enquiries:Ms. Stephanie Amaimo Vice President, Investor RelationsFortis Inc.248.946.3572investorrelations@fortisinc.com, Media Enquiries:Ms. Karen McCarthyVice President, Communications and Corporate AffairsFortis Inc.709.737.5323media@fortisinc.com, St. John's, Newfoundland and Labrador, CANADA, FTS - NR - Retirement of Barry Perry FINAL. PO Box 8837 All Prior to his current position, he served as President from June 30, 2014 to December 31, 2014 and as Vice President, Finance and Chief Financial Officer of Fortis for 10 years. T: 709.737.2800 Hutchens has been with UNS Energy for 25 years, advancing through various management positions, overseeing wholesale energy trading and marketing, and energy efficiency and resource planning. The Board's long-term CEO succession plan positioned the Corporation well for this transition and following a comprehensive process the Board confirmed Hutchens as Perry's successor. permissions/licensing, please go to: www.TorontoStarReprints.com. Total shareholder return during Barry's leadership of Fortis was 105%, or approximately 12% per year. Hutchens was named chief operating officer at Fortis in January while continuing to serve as chief executive of UNS Energy, a Fortis … David Hutchens, currently Chief Operating Officer of Fortis and CEO of UNS Energy, will succeed Perry and join the Board, effective January 1, 2021. F: 709.737.5307 David Hutchens, currently Chief Operating Officer of Fortis and CEO of UNS Energy, will succeed Perry and join the Board, effective January 1, 2021. "I'm humbled to have spent the past two decades of my career with Fortis. "I would like to sincerely thank Barry Perry for his outstanding leadership and immense contributions over the past 20 years," said Doug Haughey. — Fortis Inc. has announced the coming retirement of CEO Barry Perry, who will be succeeded by David Hutchens effective Jan. 1. This copy is for your personal non-commercial use only. Hutchens was named chief operating officer at Fortis in January while continuing to serve as chief executive of UNS Energy, a Fortis subsidiary based in Tuscon, Ariz. Fortis shares are listed on the TSX and NYSE and trade under the symbol FTS. Copyright owned or licensed by Toronto Star Newspapers Limited. Thank you to our employees, both past and present, for contributing to the success of Fortis," said Barry Perry. "Our continued focus on energy delivery, our effective business model supporting our growth strategy, proven dividend track record and outlook, and our strong ESG profile make Fortis a premium North American utility. Investor Relations http://ml.globenewswire.com/Resource/Download/bceba61e-4eff-4c3f-ad1b-eb930ef36aaf. It's been an incredible journey to lead the company during a time of such transformational growth. The transition was announced as Fortis outlined its five-year capital investment plan, and its intention to have average annual dividend growth of six per cent through 2025. Total shareholder return during Barry's leadership of Fortis was 105%, or approximately 12% per year. He assumed the position of President and CEO, UNS Energy in May 2014. He has led the Corporation since 2015. Star Newspapers Limited and/or its licensors. He has led the Corporation since 2015. "I'm excited about leading Fortis into a new chapter of growth driven by our transition to a cleaner energy future," said David Hutchens. In his prior role, he served as Executive Vice President, Western Utility Operations with Fortis beginning in January 2018. He earned a Bachelor of Aerospace Engineering and a Master of Business Administration from the University of Arizona and is a former nuclear submarine officer in the U.S. Navy. © 2020 GlobeNewswire, Inc. All Rights Reserved. "I would like to sincerely thank Barry Perry for his outstanding leadership and immense contributions over the past 20 years," said Doug Haughey. About FortisFortis is a well-diversified leader in the North American regulated electric and gas utility industry, with 2019 revenue of $8.8 billion and total assets of $56 billion as at June 30, 2020. The company owns a variety of utility businesses across Canada, in parts of the United States and in the Caribbean. He has a deep understanding of our business, strategy and culture, is forward-focused, an innovative thinker and most importantly, shares the values of Fortis.". David Hutchens, currently Chief Operating Officer of Fortis and CEO of UNS Energy, will succeed Perry and join the Board, effective January 1, 2021. He was previously executive vice-president of Fortis’s western utility operations, with oversight of FortisBC and FortisAlberta. ", In expressing his support for Hutchens, Perry said: "David has decades of utility experience, including as CEO of our subsidiary UNS Energy in Arizona. St. John’s, NL A1B 3T2 "His insights, passion and leadership are widely recognized in our industry and have been greatly appreciated by those of us fortunate enough to work closely with him.". David Hutchens, currently Chief Operating Officer of Fortis and CEO of UNS Energy, will succeed Perry and join the Board, effective January 1, 2021. The Corporation's 9,000 employees serve utility customers in five Canadian provinces, nine U.S. states and three Caribbean countries. As CEO, David works with the Fortis management team on setting the direction of the company and assisting the team with execution. "Fortis will remain a Canadian-headquartered company and our success in this evolving industry will continue to be built on our strong foundation of safety, culture, responsibility, and commitment to our customers, employees and communities," said Hutchens. Previously, David was in the investment banking business managing sales and trading divisions. Republication or distribution of this content is "His insights, passion and leadership are widely recognized in our industry and have been greatly appreciated by those of us fortunate enough to work closely with him.". Street Address I have absolute confidence that David and the team will continue to serve our customers well, advance our strategy and grow Fortis for years to come. "I’d like to thank Barry for his tremendous contributions to Fortis," said Hutchens. ", "We are pleased to announce David Hutchens as the next President and CEO of Fortis," said Haughey. To order copies of Prior to this, he held the position of EVP, Customer Service and Technology at FortisBC. Mr. Dall’Antonia is President and CEO of the FortisBC group of companies. David is the right choice to advance the Corporation’s growth strategy and support a cleaner energy future.". Perry made a personal decision to retire after a nearly 35-year career, over 20 of which were with Fortis. Hutchens was appointed Chief Operating Officer of Fortis in January 2020 while concurrently serving as the CEO of UNS Energy. In this role, Hutchens maintained his responsibility as President and CEO of UNS Energy and provided oversight of the operations of FortisBC and FortisAlberta. He assumed the position of President and CEO, UNS Energy in May 2014. David Hutchens, currently Chief Operating Officer of Fortis and CEO of UNS Energy, will succeed Perry and join the Board, effective January 1, 2021. "I'm humbled to have spent the past two decades of my career with Fortis. http://ml.globenewswire.com/Resource/Download/bceba61e-4eff-4c3f-ad1b-eb930ef36aaf. With my colleagues, I look forward to leading this incredible company, inspiring excellence in customer service and strengthening our partnerships with community and industry.". In this position, Hutchens was integral in the development of the Corporation's strategic business plan and led initiatives on safety and operational excellence. This report by The Canadian Press was first published Sept. 23, 2020. "I’d like to thank Barry for his tremendous contributions to Fortis," said Hutchens. 2016 Fortis announced an agreement to acquire ITC Holdings Corp., the largest independent transmission utility in the United States for US$11.3 billion. "Fortis has become a North American utility leader focused on a cleaner energy future. Perry made a personal decision to retire after a nearly 35-year career, over 20 of which were with Fortis. He has led the Corporation since 2015. Fortis Place, Suite 1100, With my colleagues, I look forward to leading this incredible company, inspiring excellence in customer service and strengthening our partnerships with community and industry.". to colleagues, clients or customers, or inquire about "David has been a key leader in the Fortis organization and offers a unique combination of operational and regulatory expertise in both the electric and gas sectors. About FortisFortis is a well-diversified leader in the North American regulated electric and gas utility industry, with 2019 revenue of $8.8 billion and total assets of $56 billion as at June 30, 2020. ", "We are pleased to announce David Hutchens as the next President and CEO of Fortis," said Haughey. The company owns a variety of utility businesses across Canada, in parts of the United States and in the Caribbean. Copyright 2017 Fortis Inc. All rights reserved. The Board's long-term CEO succession plan positioned the Corporation well for this transition and following a comprehensive process the Board confirmed Hutchens as Perry's successor. He earned a Bachelor of Aerospace Engineering and a Master of Business Administration from the University of Arizona and is a former nuclear submarine officer in the U.S. Navy. expressly prohibited without the prior written consent of Toronto David is a member of the Edison Electric Institute's Board of Directors, the Western Energy Institute Board of Directors and numerous other charity and civic organizations. David is a member of the Edison Electric Institute's Board of Directors, the Western Energy Institute Board of Directors and numerous other charity and civic organizations. Hutchens was appointed Chief Operating Officer of Fortis in January 2020 while concurrently serving as the CEO of UNS Energy. JOHN’S, N.L. ST. JOHN’S, N.L. presentation-ready copies of Toronto Star content for distribution Perry has been CEO of Fortis since 2015 and with the company for more than 20 years, a period that included several major acquisitions including electricity transmission company ITC Holdings Corp. in 2016. David is the right choice to advance the Corporation’s growth strategy and support a cleaner energy future.". "Our continued focus on energy delivery, our effective business model supporting our growth strategy, proven dividend track record and outlook, and our strong ESG profile make Fortis a premium North American utility.

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