Centuri Holdings, Inc. announced William J. 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 J. Caudill, former CEO of NV Energy and Senior Advisor to the CEO and prior Centuri advisory board member, to succeed him as Interim CEO, effective July 31, 2024.

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, age 70, has served in a consulting role at the Company as a senior advisor to Mr. Fehrman since January 2024. Mr. Caudill also served on the Advisory Board for Centuri Group, Inc. from September 2018 until January 2024. Since 2019, Mr. Caudill has served as the 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.

Previously, from 2013 to 2019, Mr. Caudill was the Chief Executive Officer of NV Energy, Inc., a subsidiary of Berkshire Hathaway Energy. Prior to his tenure at NV Energy, Inc., Mr. Caudill was President of MidAmerican Solar, LLC, a non-regulated subsidiary of Berkshire Hathaway Energy. Mr. Caudill led development, construction, and operation of two of the largest, at the time, solar power plants in the world.

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. Formerly, he served on the boards of NV Energy, Inc., Nevada Power Company, Sierra Pacific Power Company, NV Energy Foundation, the Nevada Military Support Alliance and the Western Folklife Center. Mr. Caudill graduated from the University of Arizona with a B.S. in public management and earned his M.B.A. in 2004 from Northwestern University's Kellogg School of Graduate Management.