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Fortis Inc. Announces Changes to Its Board of Directors

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Fortis Inc. (TSX/NYSE: FTS) announced changes to its Board of Directors. Lisa Crutchfield will resign from the board effective December 31, 2024, and Gregory Knight will fill the vacancy starting January 1, 2025. Knight brings significant utility sector experience, having served as Executive Vice President of Customer Transformation and Business Services at CenterPoint Energy, and Chief Customer Officer at National Grid USA Service Company. The announcement was made as a Designated News Release, incorporated into Fortis' prospectus supplement dated December 9, 2024.

Fortis Inc. (TSX/NYSE: FTS) ha annunciato cambiamenti nel suo Consiglio di Amministrazione. Lisa Crutchfield si dimetterà dal consiglio a partire dal 31 dicembre 2024, e Gregory Knight prenderà il suo posto dal 1 gennaio 2025. Knight porta un'esperienza significativa nel settore delle utilities, avendo ricoperto il ruolo di Vicepresidente Esecutivo della Trasformazione dei Clienti e dei Servizi Aziendali presso CenterPoint Energy, e di Chief Customer Officer presso National Grid USA Service Company. L’annuncio è stato fatto come un Comunicato Stampa Designato, incorporato nel supplemento del prospetto di Fortis datato 9 dicembre 2024.

Fortis Inc. (TSX/NYSE: FTS) anunció cambios en su Junta Directiva. Lisa Crutchfield renunciará a su puesto en la junta a partir del 31 de diciembre de 2024, y Gregory Knight ocupará la vacante a partir del 1 de enero de 2025. Knight aporta una experiencia significativa en el sector de servicios públicos, habiendo servido como Vicepresidente Ejecutivo de Transformación del Cliente y Servicios Empresariales en CenterPoint Energy, y como Director de Clientes de National Grid USA Service Company. El anuncio se realizó como un Comunicado de Prensa Designado, incorporado en el suplemento del prospecto de Fortis con fecha del 9 de diciembre de 2024.

Fortis Inc. (TSX/NYSE: FTS)는 이사회의 변경 사항을 발표했습니다. 리사 크러치필드는 2024년 12월 31일부로 이사직에서 사임하며, 그레고리 나이트는 2025년 1월 1일부터 그 공석을 채울 예정입니다. 나이트는 CenterPoint Energy에서 고객 혁신 및 비즈니스 서비스의 부사장으로, 그리고 National Grid USA Service Company에서 최고 고객 책임자로 재직하며 유틸리티 분야의 많은 경험을 쌓았습니다. 이 발표는 Fortis의 2024년 12월 9일자 투자설명서 보충의 일부로 발표되었습니다.

Fortis Inc. (TSX/NYSE: FTS) a annoncé des changements au sein de son Conseil d'Administration. Lisa Crutchfield démissionnera de son poste au conseil à compter du 31 décembre 2024, et Gregory Knight prendra son poste à partir du 1er janvier 2025. Knight apporte une expérience significative dans le secteur des services publics, ayant été Vice-Président Exécutif de la Transformation Client et des Services aux Entreprises chez CenterPoint Energy, et Responsable des Clients chez National Grid USA Service Company. L'annonce a été faite en tant que Communiqué de Presse Désigné, intégré dans le supplément de prospectus de Fortis daté du 9 décembre 2024.

Fortis Inc. (TSX/NYSE: FTS) hat Änderungen im Vorstand bekannt gegeben. Lisa Crutchfield wird zum 31. Dezember 2024 aus dem Vorstand ausscheiden, und Gregory Knight wird die vakante Stelle ab dem 1. Januar 2025 übernehmen. Knight bringt umfangreiche Erfahrungen im Versorgungssektor mit, nachdem er als Exekutiv-Vizepräsident für Kundenumwandlung und Unternehmensdienstleistungen bei CenterPoint Energy sowie als Chief Customer Officer bei National Grid USA Service Company tätig war. Die Bekanntgabe wurde als Beauftragte Mitteilung veröffentlicht und in das Prospekt-Ergänzung von Fortis vom 9. Dezember 2024 aufgenommen.

Positive
  • Appointment of Gregory Knight brings extensive utility sector executive experience
  • Seamless board transition with no leadership gap between resignation and new appointment
Negative
  • None.

ST. JOHN'S, Newfoundland and Labrador, Dec. 23, 2024 (GLOBE NEWSWIRE) --

This news release constitutes a "Designated News Release" incorporated by reference in the prospectus supplement dated December 9, 2024 to Fortis' short form base shelf prospectus dated December 9, 2024.

Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) today announced changes to its Board of Directors. The Board has accepted Ms. Lisa Crutchfield’s resignation as a director of the Corporation effective December 31, 2024, and appointed Gregory Knight to fill the vacancy effective January 1, 2025.

"It has been a privilege to serve on the Fortis Board of Directors and I wish the management team and Board much continued success in the future," said Ms. Crutchfield.

Mr. Knight has extensive executive utility experience, most recently as the Executive Vice President, Customer Transformation and Business Services with CenterPoint Energy, Inc., and the Chief Customer Officer with National Grid USA Service Company, Inc.

"We are thrilled to have Gregg join our Board. His extensive experience in our sector, particularly in customer-focused leadership roles, will further strengthen the quality of our leading board practices," said Jo Mark Zurel, Chair of the Board of Fortis. "We wish Lisa the best of luck in her future endeavours."

The Board and Fortis thank Ms. Crutchfield for her service and look forward to working with Mr. Knight.

About Fortis
Fortis is a well-diversified leader in the North American regulated electric and gas utility industry with 2023 revenue of $12 billion and total assets of $70 billion as at September 30, 2024. The Corporation's 9,600 employees serve utility customers in five Canadian provinces, ten U.S. states and three Caribbean countries.

Fortis shares are listed on the TSX and NYSE and trade under the symbol FTS. Additional information can be accessed at www.fortisinc.com, www.sedarplus.ca, or www.sec.gov.

A .pdf version of this press release is available at: http://ml.globenewswire.com/Resource/Download/16c523d0-72ac-4f17-9aba-b2be225dda11

For more information, please contact:

Investor Enquiries
Ms. Stephanie Amaimo
Vice President, Investor Relations
Fortis Inc.
248.946.3572
investorrelations@fortisinc.com
Media Enquiries
Ms. Karen McCarthy
Vice President, Communications & Government Relations
Fortis Inc.
709.737.5323
media@fortisinc.com

FAQ

When will Gregory Knight join Fortis (FTS) Board of Directors?

Gregory Knight will join the Fortis (FTS) Board of Directors effective January 1, 2025.

What is Gregory Knight's background before joining Fortis (FTS)?

Gregory Knight previously served as Executive Vice President of Customer Transformation and Business Services at CenterPoint Energy, and Chief Customer Officer at National Grid USA Service Company.

When is Lisa Crutchfield leaving the Fortis (FTS) Board?

Lisa Crutchfield will resign from the Fortis Board effective December 31, 2024.

How does this board change impact Fortis (FTS) governance structure?

The change maintains board continuity with an immediate replacement, bringing in additional utility sector expertise through Gregory Knight's appointment.

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