Chesapeake Utilities Mourns the Passing of Longtime Board Member Eugene H. Bayard

Rhea-AI Summary

Chesapeake Utilities Corporation (NYSE: CPK) mourns the passing of Board member Eugene H. Bayard, who served since 2006. His contributions to the company's growth and culture were significant, according to Board Chair John R. Schimkaitis. Bayard's legacy will resonate within the firm and the state of Delaware for years to come. The company appreciates his unwavering dedication to its mission and community.

Positive

• Eugene H. Bayard contributed significantly to Chesapeake Utilities' growth and culture over 15 years.
• His leadership and advice were valuable assets to the Board and the company.

Negative

• Bayard's passing may create a leadership gap, affecting board continuity.
• Loss of a seasoned director could impact strategic decision-making.

DOVER, Del., Nov. 1, 2021 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) today announced the recent passing of longtime Board member, Eugene H. Bayard.

"We are deeply saddened to announce the passing of our good friend and longtime Board member, Eugene (Gene) Bayard. Our sympathies go out to Gene's wife, Diane, his family, and his many friends and colleagues in Delaware and around the country who had the honor of knowing him and learning from him," said John R. Schimkaitis, chair of Chesapeake Utilities' board of directors. "For more than 15 years, Gene contributed to the extraordinary growth, strong culture and unique comradery at our company. As an advisor, leader and core member of the Chesapeake Utilities family, Gene will be greatly missed. His many valuable and diverse contributions to the Company and to the state of Delaware will carry on for many years to come. We are thankful for Gene's unwavering dedication to our Company and our mission."

Mr. Bayard served as an independent Director on Chesapeake Utilities' Board since 2006, including most recently as a member of the Corporate Governance Committee.

About Chesapeake Utilities Corporation
Chesapeake Utilities Corporation is a diversified energy delivery company, listed on the New York Stock Exchange, which is engaged in natural gas transmission and distribution; electricity generation and distribution; propane gas distribution; mobile compressed natural gas (CNG) utility services and solutions; and other businesses. Information about Chesapeake Utilities Corporation's businesses is available at www.chpk.com and on the Annual Report Microsite at cpkannualreport.com.

Please note that Chesapeake Utilities Corporation is not affiliated with Chesapeake Energy, an oil and natural gas exploration company headquartered in Oklahoma City, Oklahoma.

For more information, contact:
Media Relations:
Brianna Patterson
Manager, Public Relations and Strategic Communications
302-217-7050
bpatterson@chpk.com

Investor Relations:
Alex Whitelam
Head of Investor Relations
215-872-2507
awhitelam@chpk.com

View original content:https://www.prnewswire.com/news-releases/chesapeake-utilities-mourns-the-passing-of-longtime-board-member-eugene-h-bayard-301413321.html

SOURCE Chesapeake Utilities Corporation

FAQ

Who was Eugene H. Bayard in relation to Chesapeake Utilities Corporation?

Eugene H. Bayard was a longtime Board member who served since 2006.

What impact might Eugene H. Bayard's passing have on Chesapeake Utilities Corporation?

His passing may create a leadership gap and affect board continuity.

How long did Eugene H. Bayard serve on the Chesapeake Utilities Board?

He served on the Board for over 15 years.

What committee did Eugene H. Bayard belong to while on the Board?

He was a member of the Corporate Governance Committee.