NOVI, Mich., Dec. 12, 2016 /PRNewswire/ -- ITC Holdings
Corp. (ITC) today announced it has appointed five additional
members to the new board of directors it formed upon the closing of
the acquisition of ITC by Fortis Inc. and GIC Private Limited on
Oct. 14, 2016. The appointments
are effective Jan. 1, 2017.
The new board members who will provide oversight, governance and
strategic guidance are:
Linda H. Blair, President
and CEO, ITC Holdings Corp. Ms. Blair was among the founders
of ITC and today is responsible for the strategic vision and
overall business operation of ITC and its subsidiaries.
Albert Ernst, former
Director of Energy Industry Group, Dykema Gossett
PLLC. Mr. Ernst's career with Dykema spanned 38 years,
preceded by his service as Assistant Attorney General for the State
of Michigan.
Sandra E. Pierce, Sr.
Executive Vice President, Private Client Group & Regional
Banking Director and Chairman of Michigan, Huntington National Bank. Ms.
Pierce began her financial services career in 1978 and joined
Huntington after its merger with FirstMerit Corporation.
Kevin L. Prust, former
Chief Financial Officer and Executive Vice President, The Weitz
Company, LLC. Mr. Prust has more than 30 years of financial
and accounting experience serving a variety of public and private
organizations.
Thomas G. Stephens, former
Vice Chairman and Global Chief Technology Officer, General Motors
Company. Mr. Stephens was a member of GM's executive
committee and previously served as vice chairman, Global Product
Operations and oversaw GM's global purchasing organization.
"Our growing board reflects a strong combination of talent and
experience that will help guide ITC's direction and growth toward
further modernizing the nation's electric infrastructure," said
Linda Blair, President and CEO of
ITC. "I look forward to working with this excellent team as we
pursue the next chapter of the ITC story as a member of the Fortis
family of companies."
The newly-named board members join the following individuals who
were appointed to ITC's board at the closing of the transaction
with Fortis and GIC:
Rhys D. Evenden, Head of
Infrastructure–North America, GIC Private Ltd.
James P. Laurito,
Executive Vice President, Business Development, Fortis, Inc.
Barry V. Perry, President
and Chief Executive Officer, Fortis
Inc.
Joseph L. Welch, Chairman
of the Board of Directors, ITC Holdings Corp.
About ITC Holdings Corp.
ITC, a Fortis company, is
the largest independent electric transmission company in
the United States. Based in
Novi, Michigan, ITC invests in the
electric transmission grid to improve reliability, expand access to
markets, allow new generating resources to interconnect to its
transmission systems and lower the overall cost of delivered
energy. Through its regulated operating subsidiaries
ITCTransmission, Michigan Electric Transmission Company, ITC
Midwest and ITC Great Plains, ITC owns and operates high-voltage
transmission facilities in Michigan, Iowa, Minnesota, Illinois, Missouri, Kansas and Oklahoma, serving a combined peak load
exceeding 26,000 megawatts along approximately 15,700 circuit miles
of transmission line with 660 employees and nearly 1,000
contractors across its seven state footprint. ITC's grid
development focus includes growth through regulated infrastructure
investment as well as domestic and international expansion through
merchant and other commercial development opportunities. ITC
Holdings Corp. common shares are owned 80.1% by Fortis Inc. and
19.9% by GIC Private Limited. Additional information can be
accessed at www.itc-holdings.com.
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SOURCE ITC Holdings Corp.
