Algonquin Power & Utilities Corp. announced the appointment of Robert J. Stefani as Chief Financial Officer, effective January 5, 2026. Mr. Stefani joins Algonquin from Southwest Gas Holdings Inc., where he served for the last three years as Senior Vice President and Chief Financial Officer.
During his tenure, he was central to Southwest Gas Holdings? transformation into a well-capitalized, fully regulated natural gas business through the $1.5 billion divestiture of the MountainWest pipeline, the initial public offering of Southwest Gas Holdings? utility infrastructure services business, Centuri Holdings Inc., followed by the execution of $1.35 billion in combined secondary sell-downs and private placements of Centuri stock leading to the full exit of Southwest Gas Holdings from Centuri.
Prior to Southwest Gas, Mr. Stefani served for four years as Senior Vice President, Chief Financial Officer and Treasurer of PECO Energy, where he managed a nearly $2 billion annual combined capital and O&M budget, led financial strategy, assisted the development of rate case filings, and managed capital markets activity. Earlier in his career, he held leadership roles in corporate development and M&A at Exelon, executing transactions including the $6.8 billion acquisition of Pepco Holdings. His background also includes strategic investment roles at Caterpillar Inc. and investment banking positions at Marathon Capital and Citigroup, specializing in the energy and industrial sectors.
Mr. Stefani began his career as an officer in the United States Navy. He holds a Bachelor of Business Administration in Accounting from the University of Notre Dame and a Master of Business Administration from the University of Texas at Austin (McCombs School of Business). Until January 5, 2026, Brian Chin will continue to act as Interim Chief Financial Officer.
