Mr. Brown Brings Deep Experience in the Energy
and Infrastructure Sectors
Experienced CEO with Proven Track Record of
Financial Performance through Organic Growth, M&A and Diligent
Capital Allocation
Centuri Holdings, Inc. (NYSE: CTRI) (“Centuri” or the
“Company”), a leading, pure-play North American utility
infrastructure services company, today announced its Board of
Directors has appointed Christian (“Chris”) Brown as President and
Chief Executive Officer of Centuri, effective December 3, 2024. Mr.
Brown will be appointed to the Centuri Board at that time. Mr.
Brown succeeds Paul Caudill, who was appointed Interim President
and CEO effective July 31, 2024.
Brown brings expertise in leading large, complex organizations
through periods of significant evolution and growth in the energy
and industrial sectors, including engineering and construction
(E&C), during a career that has spanned more than three
decades. Most recently, he served as CEO of EnerMech, a privately
held global energy and infrastructure services company, where he
developed and implemented their leading change strategy, which
resulted in strong revenue growth and a differentiated service
offering. Prior to this, he served as CEO of Kentz Engineers &
Constructors, a FTSE 250-listed E&C business across energy,
infrastructure, and utility sectors, where he was instrumental in
driving a nearly sixfold increase in revenue over five years, and
successfully led the company through its sale to SNC-Lavalin (now
known as AtkinsRéalis), a TSX-listed E&C company. Chris has
resided in Houston with his family for over 20 years.
“Throughout his impressive career, Chris has consistently
demonstrated his strategic vision, operational expertise and
ability to drive success and increased stakeholder value,” said
Karen Haller, Chair of Centuri’s Board of Directors. “His
background and experience in engineering have fostered a hands-on
operational approach that has resulted in a strong technical and
practical understanding of the utility sector. Across roles, his
commercial acumen has led to significant growth, both organically
and through tuck-in acquisitions. We look forward to benefitting
from Chris’ global experience leading both publicly traded and
privately held companies within the industry, and his existing
relationships with some of Centuri’s customers. We are confident
Chris is the ideal leader to advance our strategic initiatives and
drive growth at Centuri as a world-class utility infrastructure
services platform.”
“I am excited to join the team during a truly transformative
period for the industry,” said Chris Brown. “Centuri stands as a
leader in the utility infrastructure sector with a strong track
record of safely delivering solutions across customers’ value
chains. As utility companies continue to look for solutions to
replace aging infrastructure and emergent technologies and clean
energy initiatives grow, Centuri is well positioned to serve as a
critical partner. I look forward to working with the leadership
team and the Board of Directors to further identify and execute key
strategic initiatives, as we capitalize on these opportunities and
enhance efficiencies across the Company. As CEO, I am eager to
leverage my extensive industry experience and broad-based network
to support Centuri’s expanding customer base and guide the
Company’s future growth trajectory.”
Ms. Haller added, “On behalf of the Board, I also want to thank
Paul Caudill for his leadership and contributions as Interim CEO
over the past few months. Paul provided important continuity and
continued to lead strategic initiatives during a critical period
for the organization. I am grateful for his leadership and his
willingness to support Chris’s transition.”
About Christian Brown
Mr. Brown served as Chief Executive Officer of EnerMech, a
global energy and infrastructure services company, from 2020 to
2024. During his tenure, he successfully led the company through
significant operational change, creating and delivering a new
global One EnerMech strategy, which included diversifying the
business into new high growth end markets. From 2011 to 2015, Mr.
Brown was the Chief Executive Officer and Executive Director of
Kentz Engineers & Constructors, a FTSE 250 listed company.
Under his leadership, Kentz’s revenues grew from $700 million to
$3.9 billion, and the company was successfully sold to SNC-Lavalin
in 2014. Post-acquisition, he served as President of the Oil &
Gas division and Corporate Development Officer at SNC-Lavalin,
where he led the $3.8 billion acquisition and integration of Atkins
PLC, delivering significant cost savings and operational synergies.
Earlier in his career, Mr. Brown held various senior roles at
Foster Wheeler Corporation and KBR, where he managed large-scale
services and projects businesses within energy and infrastructure
across multiple regions, including North America, Europe, Africa,
and the Middle East. His strategic leadership and business
development skills were instrumental in driving growth and securing
major contracts. Mr. Brown holds an MBA from Henley Management
College, was awarded a Fellowship from the ECITB, and has a High
National Diploma in Mechanical Engineering from the University of
Hull. He is a registered Professional Engineer with the Engineering
Council in the United Kingdom and a member of the Association for
Project Management.
About Centuri
Centuri Holdings, Inc. is a strategic utility infrastructure
services company that partners with regulated utilities to build
and maintain the energy network that powers millions of homes and
businesses across the United States and Canada.
Forward-Looking Statements
This press release may contain forward-looking statements within
the meaning of the U.S. Private Securities Litigation Reform Act of
1995, Section 27A of the Securities Act, and Section 21E of the
Securities Exchange Act of 1934, as amended. These forward-looking
statements can often be identified by the use of words such as
“will,” “predict,” “continue,” “forecast,” “expect,” “believe,”
“anticipate,” “outlook,” “could,” “target,” “project,” “intend,”
“plan,” “seek,” “estimate,” “should,” “may” and “assume,” as well
as variations of such words and similar expressions referring to
the future. Forward-looking statements could include (without
limitation) statements regarding our confidence in our prospects
our ability to deliver stockholder value and our expected growth. A
number of important factors affecting the business and financial
results of Centuri could cause actual results to differ materially
from those stated in any forward-looking statements. These factors
include, but are not limited to, capital market risks and the
impact of general economic or industry conditions. Factors that
could cause actual results to differ also include (without
limitation) those discussed in Centuri’s filings filed from time to
time with the SEC. The statements in this press release are made as
of the date of this press release, even if subsequently made
available by Centuri on its website or otherwise. Centuri does not
assume any obligation to update any forward-looking statements,
whether written or oral, that may be made from time to time,
whether as a result of new information, future developments, or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20241105075464/en/
For Centuri Shareholders, contact: (623) 879-3700
Investors@Centuri.com
For Centuri media information, contact: Jennifer Russo (602)
781-6958 JRusso@Centuri.com
Centuri (NYSE:CTRI)
過去 株価チャート
から 11 2024 まで 12 2024
Centuri (NYSE:CTRI)
過去 株価チャート
から 12 2023 まで 12 2024
