Centuri Holdings CEO Bill Fehrman Resigns, Paul Caudill Appointed Interim CEO

Centuri Holdings, Inc.

Bill Fehrman steps down as President and CEO effective July 31, 2024 to become CEO of American Electric Power (Nasdaq: AEP).
Paul Caudill, former NV Energy CEO and senior advisor, appointed interim CEO.
Fehrman forfeits unvested restricted stock units and cash awards and must repay $2.0 million signing bonus.
Caudill has received approximately $610,000 in compensation for consulting and advisory board roles since January 2023.
Fehrman remains on Centuri's Board until a permanent CEO is identified.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

William J. Fehrman

President and Chief Executive Officer

CTRI · Centuri Holdings, Inc.

Effective: 2024-07-31
Successor: Paul J. Caudill
Filed: June 26, 2024, 7:59 PM ET

On June 21, 2024, William J. Fehrman, the President and Chief Executive Officer of Centuri Holdings, Inc. (the “Company”), informed the Company’s Board of Directors (the “Board”) of his decision to resign as President and Chief Executive Officer, effective July 31, 2024.

Appointed (interim)

Paul J. Caudill

Chief Executive Officer

CTRI · Centuri Holdings, Inc.

Effective: 2024-07-31
Filed: June 26, 2024, 7:59 PM ET

Until a permanent successor is identified, the Company has appointed Paul J. Caudill to serve as the Company’s interim Chief Executive Officer, effective July 31, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

William J. Fehrman resigned as President and Chief Executive Officer at Centuri Holdings, Inc..

Action: resigned
Role: President and Chief Executive Officer

Exact text from the filing

On June 21, 2024, William J. Fehrman, the President and Chief Executive Officer of Centuri Holdings, Inc. (the “Company”), informed the Company’s Board of Directors (the “Board”) of his decision to resign as President and Chief Executive Officer, effective July 31, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Paul J. Caudill was appointed as Chief Executive Officer at Centuri Holdings, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

Until a permanent successor is identified, the Company has appointed Paul J. Caudill to serve as the Company’s interim Chief Executive Officer, effective July 31, 2024.

View on SEC.gov

Centuri Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-169197

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