SOUTHWEST GAS HOLDINGS, INC. (NYSE:SWX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 2, 2018, Roy R. Centrella, Senior Vice President/Chief Financial Officer, announced his retirement from Southwest Gas Holdings, Inc. (“Company”) and its subsidiaries, effective April 1, 2018. Mr. Centrella will assist the Company with the transition of his responsibilities over the next two months. Mr. Centrella began his career with Southwest Gas Corporation (“Southwest”) in 1983, has been Southwest’s Chief Financial Officer since August 2010 and became the Company’s Chief Financial Officer in connection with our holding company reorganization in January 2017.
On February 2, 2018, the Company announced the following promotions, effective April 1, 2018, related to Mr. Centrella’s planned retirement. Mr. Gregory J. Peterson will assume the duties of the Company’s principal financial officer and be promoted to Senior Vice President/Chief Financial Officer of both the Company and Southwest. Mr. Peterson began his career with Southwest in 1993, has been Southwest’s Vice President/Controller and Chief Accounting Officer since August 2010 and became the Company’s Vice President/Controller and Chief Accounting Officerin January 2017. He holds a bachelor of science degree in accounting from the University of Nevada, Las Vegas and is a certified public accountant.
Ms. Lori L. Colvin, 50, will replace Mr. Peterson and hold the title of Vice President/Controller and Chief Accounting Officer for both the Company and Southwest. Ms. Colvin began her career with Southwest in 1999, became Director/Accounting of Southwest in September 2010 and is presently Assistant Controller of Southwest, a position she has held since November 2017. She holds a bachelor of science degree in accounting from the University of Nevada, Las Vegas and is a certified public accountant.
In connection with Ms. Colvin’s appointment, Ms. Colvin and the Company will enter into a Change in Control Agreement of the same form provided to the other officers of the Company. The Change in Control Agreement provides for certain payments and other benefits upon a change in control and a subsequent termination of employment. Mr. Peterson’s existing Change in Control Agreement will be amended to reflect the benefit levels provided to the Company’s senior vice presidents, consistent with the form. The Company’s form of Change in Control Agreement has previously been filed and is listed as Exhibit 10.04 to Southwest’s Form 10-K for 2016.
Item 9.01. Financial Statements and Exhibits.
SOUTHWEST GAS CORP ExhibitEX-99 2 exhibit99.htm PRESS RELEASE FEBRUARY 6,…To view the full exhibit click here
About SOUTHWEST GAS HOLDINGS, INC. (NYSE:SWX)
Southwest Gas Holdings, Inc., formerly Southwest Gas Corporation, is engaged in the business of purchasing, distributing and transporting natural gas. The Company operates through two segments: natural gas operations and construction services, which includes the operations of the Company’s subsidiary, Centuri Construction Group, Inc. (Centuri). The Company operates two pipeline transmission systems, such as a system, which includes a liquefied natural gas (LNG) storage facility owned by Paiute extending from the Idaho-Nevada border to the Reno, Sparks, and Carson City areas and communities in the Lake Tahoe area in both California and Nevada and other communities in northern and western Nevada, and a system extending from the Colorado River at the southern tip of Nevada to the Las Vegas distribution area.