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Posted 30 September, 2022

UGI CORP /PA/ appointed new CEO

CEO Change detected for ticker NYSE:UGI in a 8-K filed on 30 September, 2022.


  On September 28, 2022, John L. Walsh informed the Corporate Governance Committee and the Board of Directors of UGI Corporation (the "Company") of his intent to retire from the Company's Board of Directors, effective as of the Annual Meeting of Shareholders to be held in January 2023. Mr. Walsh served as the Company's Chief Executive Officer (beginning in 2013) and as President (beginning in 2005) until his retirement in June 2021.  

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Overview of UGI CORP /PA/
Companies on the Energy Service • Gas Utilities
UGI Corp. is a holding company, which engages in the distribution, transportation, storing, and marketing of energy products and services. It operates through the following segments: AmeriGas Propane, UGI International, Midstream and Marketing, and Utilities. The AmeriGas Propane segment consists of the propane distribution business of AmeriGas Partners. The UGI International segment focuses on LPG distribution businesses conducted by its subsidiaries and affiliates. The Midstream and Marketing segment is involved in the energy-related businesses through its wholly owned subsidiary, Energy Services. The Utilities segment includes the natural gas and electricity distribution businesses directly and through its wholly owned subsidiaries. The company was founded on June 1, 1882, and is headquartered in King of Prussia, PA.
Market Cap
$5.22B
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UGI CORP /PA/ by TradingView
Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On September 28, 2022, John L. Walsh informed the Corporate Governance Committee and the Board of Directors of UGI Corporation (the "Company") of his intent to retire from the Company's Board of Directors, effective as of the Annual Meeting of Shareholders to be held in January 2023. Mr. Walsh served as the Company's Chief Executive Officer (beginning in 2013) and as President (beginning in 2005) until his retirement in June 2021. Mr. Walsh previously served as the Company's Chief Operating Officer from 2005 to 2013 and as the President and Chief Executive Officer of UGI Utilities, Inc. ("Utilities"), a subsidiary of the Company, from 2009 to 2011. He also served as a Director and Vice Chair of Utilities from 2005 to 2021. Prior to joining UGI, Mr. Walsh held various senior management positions at the BOC Group plc (an industrial gas company) from 1986 to 2005.


The Company thanks Mr. Walsh for his commitment, guidance and leadership throughout his years of service as an executive and as Director. A copy of the press release is furnished as Exhibit 99.1 to this report and is incorporated herein by reference.