Centuri Holdings, Inc. announced Bill Fehrman will be stepping down as CEO to take the CEO role at American Electric Power. He will continue in his role as CEO of Centuri until July 31, 2024. The Centuri Board has appointed Paul Caudill, former CEO of NV Energy and Senior Advisor to the CEO and prior Centuri advisory board member, to succeed him as Interim CEO.

Additionally, Mr. Fehrman will remain on Centuri?s Board of Directors until the Company transitions to a permanent CEO. Mr. Caudill has served in a consulting role at Centuri as a senior advisor to the CEO since January 2024. He also served on the Advisory Board for Centuri Group, Inc. from September 2018 until January 2024.

Mr. Caudill currently serves as Chief Utility Solutions Officer and on the Advisory Board for BrightNight, a renewable energy independent power producer serving customers in the United States and Asia Pacific. Prior to BrightNight, Mr. Caudill was CEO of NV Energy, Inc., a subsidiary of Berkshire Hathaway Energy, from 2013 to 2019. Mr. Caudill initially joined Berkshire Hathaway Energy in January 2012 as President of MidAmerican Solar, LLC, a non-regulated subsidiary, where he led development, construction, and operation of two of the largest solar power plants in the world at the time.

Prior to joining Berkshire Hathaway Energy, Mr. Caudill held executive positions with leading firms in the renewable and alternative energy industries. Mr. Caudill has extensive experience in commercial nuclear power plant operations and received training and career development opportunities with Bechtel Power Corporation, a leading global engineering, construction, and project management company. Mr. Caudill previously served on the boards of NV Energy, Inc., Nevada Power Company, Sierra Pacific Power Company, NV Energy.

Mr. Caudill graduated from the University of Arizona with a B.S. in public management and earned his M.B.A. from Northwestern University?s Kellogg School of Graduate Management.