Unitil Elects a New Member of the Board of Directors

Rhea-AI Summary

Unitil Corporation (NYSE:UTL) has appointed Dr. Neveen F. Awad to its Board of Directors as part of succession planning amid upcoming retirements. Dr. Awad, currently a managing director at the Boston Consulting Group, will stand for election by shareholders in April 2023. She brings a wealth of expertise in digital transformation and strategic planning, enhancing the Board's skill set. Unitil serves approximately 107,700 electric and 86,600 natural gas customers across New England, with a commitment to reliable energy delivery.

Positive

• Dr. Awad's expertise in digital transformations may drive innovation.
• Her strategic planning skills can strengthen future company initiatives.

Negative

• Potential concerns regarding continuity as current directors retire.

HAMPTON, N.H., Oct. 26, 2022 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) (unitil.com) today announced that its Board of Directors has elected Neveen F. Awad, Ph.D. 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. Dr. Awad 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 2023.

Dr. Awad is a partner and managing director of the Boston Consulting Group (“BCG”), a global management consulting firm. She leads the Detroit office, and also is the global leader of BCG’s Technology Platform offering. Prior to BCG, Dr. Awad was an assistant professor at Wayne State University School of Business, a public research university in Detroit, Michigan. Dr. Awad earned a Bachelor of Science in Computer Science from Yale University, and a Ph.D. from the University of Michigan School of Business.

"We are delighted that Dr. Neveen Awad will be joining the Unitil Board," said Thomas P. Meissner, Jr., Unitil’s chairman, chief executive officer and president. "Neveen is a proven leader with an exceptional background in digital and technology driven transformations, and brings skills in a number of important areas, including strategic planning and workforce diversity development, that will enhance and preserve the Board’s existing strong skill set.”

About Unitil Corporation
Unitil Corporation provides energy for life by safely and reliably delivering natural gas and electricity 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 107,700 electric customers and 86,600 natural gas customers. For more information about our people, technologies, and community involvement please visit unitil.com.

For more information please contact:

Todd Diggins – Investor Relations
Phone: 603-773-6504
Email: diggins@unitil.com

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

 

FAQ

Who has been appointed to the Unitil Corporation Board of Directors?

Dr. Neveen F. Awad has been appointed to Unitil's Board.

When will Dr. Awad stand for election to the Board?

Dr. Awad will stand for election at the next annual meeting in April 2023.

What is Dr. Awad's professional background?

Dr. Awad is a managing director at the Boston Consulting Group, with a focus on technology.

What are Unitil Corporation's primary services?

Unitil provides natural gas and electricity to customers in New England.

How many customers does Unitil serve?

Unitil serves approximately 107,700 electric customers and 86,600 natural gas customers.