Unitil Elects a New Member of the Board of Directors

Rhea-AI Summary

Unitil (NYSE:UTL) has elected Jane Lewis-Raymond to its Board of Directors as part of normal succession planning ahead of upcoming retirements of directors reaching the mandatory retirement age of 75. Lewis-Raymond, currently principal of Hilltop Strategies, brings extensive experience as a natural gas utility executive with expertise in corporate governance, cybersecurity, and ESG programs. Her background includes roles as senior VP at Piedmont Natural Gas Company and VP of regulatory affairs at American Gas Association. She will stand for election by shareholders at the April 2025 annual meeting.

Positive

• Strategic board succession planning implemented ahead of mandatory retirements
• New director brings relevant industry expertise in natural gas utilities
• Addition of expertise in key areas: corporate governance, cybersecurity, and ESG

Negative

• None.

News Market Reaction

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-0.19% News Effect

On the day this news was published, UTL declined 0.19%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

HAMPTON, N.H., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) (unitil.com) today announced that its Board of Directors has elected Jane Lewis-Raymond to the Board. The addition of a new director is part of the Board’s normal succession planning process in anticipation of the upcoming retirements of directors reaching the mandatory retirement age of 75. Ms. Lewis-Raymond will stand for election to the Board by the shareholders of the Company at the next annual meeting of shareholders, which will be held in April 2025.

Ms. Lewis-Raymond is principal of Hilltop Strategies, LLC (“Hilltop”), which provides strategic consulting services to senior executives in a wide variety of industries. At Hilltop she brings vast experience as a natural gas utility executive, including deep knowledge of corporate governance, community relations, cybersecurity oversight, as well as data privacy, safety, and corporate ESG programs. Prior to Hilltop, Ms. Lewis-Raymond was a partner in the corporate and energy groups at the firm of Parker Poe Adams and Bernstein (“Parker Poe”). Prior to Parker Poe, she served as senior vice president and chief legal, compliance and external relations officer at Piedmont Natural Gas Company, Inc. (“Piedmont”), which is now a wholly owned subsidiary of Duke Energy. Prior to Piedmont, she held the position of vice president of regulatory affairs at the American Gas Association. Ms. Lewis-Raymond also currently serves on the Board of Southwest Gas Holdings, Inc. Ms. Lewis-Raymond earned a Bachelor of Arts degree in Government and Politics and East Asian Language and Literature from the University of Maryland, and a J.D. from the University of Maryland School of Law, Order of the Coif.

"We are delighted that Jane Lewis-Raymond will be joining the Unitil Board," said Thomas P. Meissner, Jr., Unitil’s chairman and chief executive officer. “Jane is a proven leader having served as an attorney and an executive in the natural gas industry for nearly three decades. She brings a broad portfolio of skills that will enhance and complement our Board’s existing skill set and strengthen our commitment to safety, growth and sustainability."

About Unitil Corporation
Unitil Corporation provides energy for life by safely and reliably delivering electricity and natural gas in New England. We are committed to the communities we serve and to developing people, business practices, and technologies that lead to the delivery of dependable, more efficient energy. Unitil Corporation is a public utility holding company with operations in Maine, New Hampshire and Massachusetts. Together, Unitil’s operating utilities serve approximately 108,500 electric customers and 88,400 natural gas customers. For more information about our people, technologies, and community involvement please visit unitil.com.

For more information please contact:

Christopher Goulding – Investor Relations
Phone: 603-773-6466
Email: gouldingc@unitil.com

Alec O’Meara – External Affairs
Phone: 603-773-6404
Email: omeara@unitil.com

FAQ

Who is the new board member elected to Unitil (UTL)?

Jane Lewis-Raymond, principal of Hilltop Strategies, has been elected to Unitil 's Board of Directors.

When will Unitil (UTL) shareholders vote on Jane Lewis-Raymond's board position?

Shareholders will vote on Jane Lewis-Raymond's board position at the annual meeting of shareholders in April 2025.

Why is Unitil (UTL) adding a new board member in October 2024?

Unitil is adding a new board member as part of normal succession planning due to upcoming retirements of directors reaching the mandatory retirement age of 75.

What is Jane Lewis-Raymond's background in the utility industry?

She was previously senior VP at Piedmont Natural Gas Company, VP of regulatory affairs at American Gas Association, and has nearly three decades of experience in the natural gas industry.