UGI Corporation announced that John L. Walsh intends to retire as President on June 25, 2021. Mr. Walsh will continue to serve as a member of company’s Board of Directors. Roger Perreault will become President and Chief Executive Officer of UGI and will join the UGI Board as a Director upon Mr. Walsh’s retirement. Mr. Perreault currently serves as UGI’s Executive Vice President, Global LPG, and President of UGI’s subsidiary, UGI International, LLC.
Mr. Walsh has served as Chief Executive Officer of UGI since 2013 and as President and a Director since 2005. Mr. Walsh previously served as UGI’s Chief Operating Officer from 2005 to 2013 and as the President and Chief Executive Officer of UGI Utilities Inc., a subsidiary of UGI, from 2009 to 2011. Prior to joining UGI, Mr. Walsh held various senior management positions at the BOC Group plc from 1986 to 2005. Mr. Perreault joined UGI in 2015 as President of UGI International, LLC and has served as UGI’s Executive Vice President, Global LPG since 2018. Prior to joining UGI, Mr. Perreault spent 21 years at Air Liquide, a world leader in gases, technologies and services for industry and health, where he served in various leadership positions globally.
UGI Corporation is a holding company, which distributes, stores, transports and markets energy products and related services. In the United States, the Company owns and operates a retail propane marketing and distribution business, natural gas and electric distribution utilities, and energy marketing, midstream infrastructure, storage, natural gas gathering and processing, natural gas production, electricity generation and energy services businesses. In Europe, the Company markets and distributes propane and other liquified petroleum gas (LPG), and market other energy products and services. It operates through four segments: AmeriGas Propane, UGI International, Midstream & Marketing, and Utilities. The AmeriGas Propane segment operates propane distribution business. The UGI International segment consists of LPG distribution businesses in Austria, Belgium, the Czech Republic, Denmark, Finland, France, Hungary, Italy, Luxembourg, the Netherlands, Norway, Poland, Romania and others.