Suzanne
Sitherwood to Retire as President and CEO, Effective
December 31, 2023
Board of Directors Initiates CEO Search
Process
ST.
LOUIS, March 29, 2023 /PRNewswire/ -- Spire Inc.
(NYSE: SR) today announced that President and CEO Suzanne Sitherwood has informed the Board of her
intention to retire from the company at the end of 2023, after
serving 12 years in the role.
![(PRNewsfoto/Spire Inc.) (PRNewsfoto/Spire Inc.)](https://mma.prnewswire.com/media/1818129/Spire_Logo.jpg)
"Leading Spire for the last 12 years has been the privilege of a
lifetime and my retirement represents the culmination of more than
four decades in the industry," said Sitherwood. "As I reflect on my
tenure, I'm extremely proud of the drive and grit that our
employees showed as we delivered on our promise of being energy
that champions people. Together, we have leaned into our culture
and transformed Spire into an industry leader with Spire Marketing,
Spire Midstream and our utilities that reach more than 1.7 million
homes and businesses across Alabama, Mississippi and Missouri. I am energized to continue to lead
Spire for the remainder of the year and am committed to
facilitating a smooth transition. I am also committed to continuing
my national work as the current chair of the American Gas
Association."
Ed Glotzbach, chair of the Board
of Spire, commented, "On behalf of the Board, I would like to thank
Suzanne for her countless contributions to Spire over the last
twelve years. Suzanne has been a transformational leader and played
a pivotal role in further establishing Spire as a leader in the
energy industry. Under her leadership, Spire, through its gas
utilities and gas-related businesses, has grown tremendously while
delivering consistent value for customers, communities and
shareholders. Beyond that, Suzanne has long been a champion of the
Spire team and is very proud of what they have accomplished
together."
Glotzbach continued, "Succession planning has always been top of
mind to the Spire Board. Looking ahead, we will continue to focus
on identifying a strong leader who will build on our success,
deliver on our long-term strategic priorities, while advancing our
role in enabling a sustainable energy future."
In connection with Sitherwood's retirement, the Board has
initiated a search process to find a successor. The Board will
engage a leading, independent executive search firm to assist in a
thorough and comprehensive process that considers both internal and
external candidates.
About Suzanne
Sitherwood
Suzanne Sitherwood is the
President and CEO of Spire Inc. She oversees all aspects of Spire,
including its natural gas utilities in Alabama, Mississippi and Missouri that serve nearly 1.7 million
customers. Under Sitherwood's leadership, the company has more than
quadrupled its market value and increased its enterprise value more
than six-fold by acquiring four natural gas utilities, building a
65-mile interstate pipeline, transforming its marketing and trading
business, and developing natural gas storage facilities serving the
western U.S. Today, Spire is one of the largest publicly traded
natural gas companies in the country.
Over the course of her more than 40-year career, Sitherwood has
become a leader in the natural gas industry, currently serving as
national chair of the American Gas Association. Additionally, she
sits on multiple boards, including BJC Healthcare, and has chaired
numerous civic groups and philanthropic efforts in the St. Louis region and across the nation. She
currently serves as a member of the Chair's Council of Greater St. Louis, Inc. as well as chair of
the AllianceSTL Advisory Board. Sitherwood holds a bachelor's
degree in industrial engineering technology from the Southern
College of Technology and an MBA from Brenau
University. In retirement, Sitherwood and her husband Carl
look forward to spending more time with their family, including 11
grandchildren, in America, Europe,
South Africa and South America.
About Spire
At Spire Inc. (NYSE: SR) we believe energy exists to help make
people's lives better. It's a simple idea, but one that's at the
heart of our company. Every day we serve 1.7 million homes and
businesses making us one of the largest publicly traded natural gas
companies in the country. We help families and business owners fuel
their daily lives through our gas utilities serving Alabama, Mississippi and Missouri. Our natural gas-related businesses
include Spire Marketing, Spire STL Pipeline and Spire Storage. We
are committed to transforming our business through growing
organically, investing in infrastructure, and advancing through
innovation. Learn more at SpireEnergy.com.
Forward-Looking Information
This news release contains forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act of 1934,
as amended, including statements with respect to Spire's leadership
succession plan. Actual results may be affected by various
uncertainties and risk factors, many of which are beyond the
Company's control, including risks associated with the Company's
ability to implement its succession plan, as well as the
uncertainties and risks described in the Company's annual (Form
10-K) filing with the Securities and Exchange Commission, more
complete descriptions and listings of which can be found in such
filing.
Investor Contact:
Scott W. Dudley Jr.
314-342-0878
scott.dudley@spireenergy.com
Media Contact:
Jessica B. Willingham
314-342-3300
jessica.willingham@spireenergy.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/spire-announces-leadership-succession-plan-301784080.html
SOURCE Spire Inc.