UGI Names Robert Flexon, President and Chief Executive Officer
October 15, 2024
VALLEY FORGE, Pa., October 15 – UGI Corporation (NYSE: UGI) announced that UGI’s Board of Directors appointed Robert C. Flexon as President and Chief Executive Officer, effective November 1, 2024. Mr. Flexon will replace Mario Longhi, UGI’s Chair who has served as Interim President and Chief Executive Officer since December 2023. Mr. Longhi will be resuming his role as an independent director and will serve as non-executive chair of UGI’s Board of Directors. In addition to his role as President and Chief Executive Officer, Mr. Flexon will serve on the Company’s Board of Directors.
“The Board welcomes back Bob to UGI’s leadership team and looks forward to working closely with him. Bob’s extensive leadership and industry experience, coupled with his financial acumen and broad experience in operations, will be of significant value to UGI and its stakeholders as we continue to deliver on UGI’s long-term strategy and create value for our shareholders,” said Mr. Longhi. “Bob has a proven track record in transforming and optimizing organizations and I am happy to have someone of Bob’s caliber join us on our journey ahead.”
“I’m excited to return to UGI to begin work on driving operational improvements, strengthening the financial profile of the Company and further building upon the culture that has been established over the many years of the Company’s rich history,” commented Mr. Flexon. “I look forward to working closely with our Board of Directors and re-connecting with past colleagues and the overall organization.”
Alan Harris, UGI’s Presiding Director, said “The Board would like to thank Mario for stepping in and assuming the role of Interim President and Chief Executive Officer at a critical time for the Company. Mario’s continued commitment to the long-term success of the Company provides a great foundation on which Bob can build.”
In connection with this appointment, Mr. Flexon, age 66, will step down from the Board of Directors of PG&E Corporation (NYSE: PCG), effective October 31, 2024, where he has served as Chair since the Company’s emergence from Chapter 11 in 2020. Beginning 2021 as a result of winter storm Uri, he served as a director of The Electric Reliability Council of Texas, Inc. and will depart the Board at the end of his term in December 2024. Mr. Flexon also serves as Chair of the Board of Nexus Water Group, a privately held company, a position he has held since 2024 and currently serves as Chair of the Board of Capstone Green Energy Holdings, Inc., a provider of customized microgrid solutions, on-site resilient green Energy-as-a-Service solutions and onsite energy technology systems, a position he has held since 2021. Mr. Flexon joined the Capstone Board as a director in 2018 and also served as Capstone’s Interim President and Chief Executive Officer from August 2023 until March 2024 to lead the Company’s restructuring.
