Connect with us

world news

FORTIS INC. Announces retirement of President and CEO Barry Perry

Published

on

DAVID HUTCHENS NAMED SUCCESSOR EFFECTIVE JANUARY 1, 2021

#StJohns, Newfoundland, Canada – September 23, 2020 – Doug Haughey, Chair of the Board of Directors (the “Board”) of Fortis Inc. (“Fortis” or the “Corporation”) (TSX/NYSE: FTS) today announced the retirement of Barry Perry, President and CEO, from Fortis and the Board, effective December 31, 2020.

Barry Perry, outgoing Fortis Inc president

David Hutchens, currently Chief Operating Officer of Fortis and CEO of UNS Energy, will succeed Perry and join the Board, effective January 1, 2021. 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. 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. 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.

“I’m humbled to have spent the past two decades of my career with Fortis. It’s been an incredible journey to lead the company during a time of such transformational growth. Thank you to our employees, both past and present, for contributing to the success of Fortis,” said Barry Perry. “Fortis has become a North American utility leader focused on a cleaner energy future. 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.”

Advertisement

In expressing his support for Hutchens, Perry said: “David has decades of utility experience, including as CEO of our subsidiary UNS Energy in Arizona. 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.”

Hutchens was appointed Chief Operating Officer of Fortis in January 2020 while concurrently serving as the CEO of UNS Energy. In this position, Hutchens was integral in the development of the Corporation’s strategic business plan and led initiatives on safety and operational excellence. In his prior role, he served as Executive Vice President, Western Utility Operations with Fortis beginning in January 2018. In this role, Hutchens maintained his responsibility as President and CEO of UNS Energy and provided oversight of the operations of FortisBC and FortisAlberta.

“I would like to sincerely thank Barry Perry for his outstanding leadership and immense contributions over the past 20 years,” said Doug Haughey. “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. Total shareholder return during Barry’s leadership of Fortis was 105%, or – 2 – approximately 12% per year. Furthermore, Barry advanced many priorities at the Corporation, including safety, diversity and inclusion, sustainability, investor relations and cybersecurity.”

David Hutchens, incoming President & CEO of Fortis Inc

“We are pleased to announce David Hutchens as the next President and CEO of Fortis,” said Haughey. “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. David is the right choice to advance the Corporation’s growth strategy and support a cleaner energy future.”

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. He assumed the position of President and CEO, UNS Energy in May 2014. 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. 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.

“I’m excited about leading Fortis into a new chapter of growth driven by our transition to a cleaner energy future,” said David Hutchens. “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. With my colleagues, I look forward to leading this incredible company, inspiring excellence in customer service and strengthening our partnerships with community and industry.”

Advertisement

“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.

“I’d like to thank Barry for his tremendous contributions to Fortis,” said Hutchens. “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.”

Issued by FortisTCI, Press Release

Magnetic Media is a Telly Award winning multi-media company specializing in creating compelling and socially uplifting TV and Radio broadcast programming as a means for advertising and public relations exposure for its clients.

News

Truss warns Russia against ‘weaponising’ the Global Economy at UN debut

Published

on

By Dana Malcolm

Staff Writer

 

#USA, September 27, 2022 – In pursuit of a democratic future and a stance against a ‘desperate’ Vladimir Putin, Liz Truss the Prime Minister of the United Kingdom says her country will be cutting off ‘toxic power and pipelines from authoritarian regimes’, and boosting its spending on weapons for defense.

Truss was making her debut speech as new Prime Minister at the United Nations General Assembly in New York, last weekend.  Similarly to her predecessor Boris Johnson she condemned Russia and Autocratic regimes and vowed support for Ukraine ‘as long as it takes’

Truss stressed that the UK would be completely turning its back on Russian energy in the very near future.

“We will ensure we cannot be coerced or harmed by the reckless actions of rogue actors abroad. We will transition to a future based on renewable and nuclear energy while ensuring that the gas used during that transition is from reliable sources including our own North Sea production.” She said, “We won’t be strategically dependent on those who seek to weaponise the global economy.”

She described the invasion as a catastrophic failure and President Putin as making ‘bogus claims and sabre-rattling threats’ versus Ukraine’s dignified fight.

“The story of 2022 could have been that of an authoritarian state rolling its tanks over the border of a peaceful neighbour and subjugating its people. Instead, it is the story of freedom fighting back.” She said.

The Prime minister hinted at new partnerships with small states encouraging the UN to ‘collectively extend a hand of friendship’ to states that had in the past  ‘too often been left behind and left vulnerable to global challenges’ specifically mentioning Caribbean Island states dealing with the impact of climate change.

Truss maintained this era would be one of “hope and progress”.

Continue Reading

Africa

Nearly 400 tested as Uganda faces deadly Ebola resurgence

Published

on

By Deandrea Hamilton & Dana Malcolm

Editorial Staff

 

#Uganda, September 27, 2022 – Uganda has declared an Ebola outbreak after 23 confirmed deaths from the virus and at the case fatality rate revealed at 64 per cent.  There are at least 34 others infected with the disease.

The Health Ministry in Uganda has intensified messages and information on the signs and symptoms of the disease; a help hotline has also been established, said the commissioner of surveillance.

The World Health Organization shared news of the outbreak last week, citing cases of the Sudan ebolavirus was confirmed in Uganda’s Mubende district.

The interventions in the district have brought new fears to the country as quarantines are government managed and can last up to 21 days; already 13 people have escaped prompting continued concern of a mushrooming of case numbers.

Uganda has been largely free of the deadly disease for over a decade, the last outbreak was declared in 2012.

The Sudan Ebolavirus has a very high death rate and in previous outbreaks it has varied between 40 to 100 per cent.

The 2014-2016 outbreak affected Guinea, Sierra Leone and Liberia most, causing thousands of casualties.

Named after the Ebola River in The Democratic Republic of Congo where it was first found the virus spreads between human to human and human to animal contact. Earlier this year the DRC has a small outbreak caused by animal to human contact.

Media reports now indicate medical professionals have gone on strike at a hospital where several cases were detected; the nurses, pharmacists and trainee doctors have accused the government of not providing sufficient safety against possible infection.

Continue Reading

News

How Liz Truss became the New Prime Minister of the UK

Published

on

By Dana Malcolm

Staff Writer

 

#UnitedKingdom, September 18, 2022 – Liz Truss was on Tuesday September 6, sworn in as the 15th British Prime Minister by Queen Elizabeth II; an act recorded as one the monarch’s final duties before passing away less than two days later.

Truss, as the new Prime Minister of the UK became only the third woman to hold the position in the 221 year history of the country’s  Parliament.

Truss defeated candidate Rishi Sunak bagging 57 percent or 81 thousand of the eligible votes. Sunak received 60 thousand of the eligible votes.

Sunak had been the overwhelming favorite among MPs in the lead up to the campaign but lagged behind in the polls with actual voters. Truss had been a mostly unwavering supporter of outgoing prime minister Boris Johnson who still had a large swath of loyal conservative voters in his corner.

Sunak on the other hand was seen as the ball that got an avalanche of conservative resignations rolling several weeks ago in response to Johnson’s repeated scandalous behavior during lockdown and in early 2022. Those resignations led to Johnson’s eventual ousting from the position as Prime Minister.

During her first speech as Prime Minister Truss thanked Sunak for the ‘hard won campaign’ and proceeded to thank,

‘My friend Boris Johnson’ and praising his accomplishments she told him.

“You are admired from Kiev to Carlisle.”

Truss promised to cut taxes and deliver on the energy crises. UK citizens are suffering with some of the highest energy prices in decades pushing many families into instability even as the country’s blindingly cold winters approach. Prices have continued to soar as the West and Russia remain at odds over the invasion of Ukraine and Russia slows energy deliveries to a trickle.

After the announcement of her victory fellow candidate Rishi Sunak said, “Thank you to everyone who voted for me in this campaign. I’ve said throughout that the Conservatives are one family. It’s right we now unite behind the new PM, Liz Truss, as she steers the country through difficult times.”

Continue Reading

FIND US ON FACEBOOK

TRENDING