VALLEY FORGE, Pa. - UGI Corporation (NYSE:UGI), a prominent distributor and marketer of energy products, announced the appointment of Robert C. Flexon as its President and Chief Executive Officer, effective November 1, 2024. The seasoned executive will take over from Mario Longhi, who has been serving as the interim President and CEO since December 2023. Longhi will continue his association with UGI as a non-executive chair of the Board of Directors.
The company's leadership expressed confidence in Flexon's capabilities, citing his extensive experience and financial expertise as valuable assets for UGI's future. Flexon's history with UGI dates back to a brief stint as Chief Financial Officer in 2011, and his return is seen as a boost to the company's long-term strategy and shareholder value.
Flexon, 66, has a track record of leadership roles in the energy sector, including his tenure as President and CEO of Dynegy Inc. from July 2011 to April 2018. Prior to rejoining UGI, he held positions at PG&E (NYSE:PCG) Corporation, The Electric Reliability Council of Texas, Inc., Nexus Water Group, and Capstone Green Energy Holdings, Inc. His departure from the Board of Directors of PG&E Corporation is set for October 31, 2024, and he will conclude his term with The Electric Reliability Council of Texas, Inc. in December 2024.
UGI's Presiding Director, Alan Harris, acknowledged Mario Longhi's contributions during his interim leadership, which provided a strong foundation for Flexon to build upon.
This leadership transition comes as UGI continues to offer a range of energy solutions through its subsidiaries, including natural gas and electric distribution, midstream services, propane distribution, renewable natural gas, and energy marketing services.
The information in this article is based on a press release statement from UGI Corporation.
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