Sempra Names New CFO, SoCalGas CEO Ahead of Planned KKR Deal Close

MT Newswires Live07-10

Sempra (SRE) said Thursday it appointed Justin Bird as chief financial officer and Karen Sedgwick as president and chief executive of Southern California Gas.

The appointments will take effect when the company's planned sale of a 45% stake in Sempra Infrastructure to KKR (KKR) affiliates closes. Sempra expects the transaction to close in Q3.

Bird is currently CEO of Sempra Infrastructure, and Sedgwick currently serves as Sempra's CFO, it said.

Sempra said the leadership changes support its strategy to focus on regulated utility operations in California and Texas.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment