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Chesapeake Utilities Corp (CPK.N)

CPK.N on New York Stock Exchange

79.95USD
14 Dec 2017
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Summary

Name Age Since Current Position

John Schimkaitis

69 2015 Independent Chairman of the Board

Michael McMasters

58 2011 President, Chief Executive Officer, Director

Elizabeth Cooper

50 2015 Chief Financial Officer, Senior Vice President, Assistant Secretary

Jeffry Householder

59 President of Florida Public Utilities Company

James Moriarty

59 2017 Senior Vice President, General Counsel, Corporate Secretary

Elaine Bittner

47 2014 Senior Vice President - Strategic Development, Chief Operating Officer - Sharp, Aspire Energy, PESCO and Xeron

Stephen Thompson

56 2004 Senior Vice President; President of Eastern Shore Natural Gas Company

Eugene Bayard

70 2006 Independent Director

Thomas Bresnan

64 2001 Independent Director

Ronald Forsythe

48 2014 Independent Director

Thomas Hill

68 2006 Independent Director

Dennis Hudson

61 2009 Independent Director

Paul Maddock

67 2009 Independent Director

Calvert Morgan

69 2000 Independent Director

Dianna Morgan

65 2008 Independent Director

Heidi Watkins

Investor Relations Administrator

Biographies

Name Description

John Schimkaitis

Mr. John R. Schimkaitis is Independent Chairman of the Board of the Company. He was appointed Chair of the Board in May 2015. He served as Vice Chair of the Board from March 2010 to May 2015. He held the position of Chief Executive Officer of the Company from January 1999 until his retirement in December 2010. Mr. Schimkaitis served as President of the Company from 1997 until 2010. During his tenure with the Company, Mr. Schimkaitis also served as Chief Operating Officer, Chief Financial Officer, Executive Vice President, Senior Vice President, Vice President, Treasurer, Assistant Treasurer, and Assistant Corporate Secretary. Mr. Schimkaitis has more than forty years of experience in the utilities industry, twenty-five years of which were spent in key management roles within the Company. Mr. Schimkaitis’ leadership of the Company from 1999 to 2010 was a period of growth and diversification. In 2009, Mr. Schimkaitis successfully led the Company through the FPU acquisition, the largest transaction in the Company’s history.

Michael McMasters

Mr. Michael P. McMasters is President, Chief Executive Officer, Director of the Company. He was appointed Chief Executive Officer effective January 1, 2011. He was appointed as President in March 2010. Mr. McMasters is responsible for execution of the Company’s strategic plan and providing leadership and oversight of the Company’s businesses. Mr. McMasters previously served as Executive Vice President and Chief Operating Officer of the Company from 2008 to 2010. Mr. McMasters joined the Company in 1980. During his tenure with the Company he has also served as Chief Financial Officer, Senior Vice President, Vice President, Treasurer, Director of Accounting and Rates, and Controller. He serves on the Board of Directors of the American Gas Association. Mr. McMasters is also a member of the Delaware Business Roundtable. Mr. McMasters has served in numerous capacities in his thirty-four years of experience with the Company, most recently as Chief Executive Officer. Mr. McMasters’ experience, leadership skills and vision have been significant in the execution of the Company’s strategic plan and implementation of key corporate policies. His strategic foresight has guided the Company’s continued growth both organically and through acquisitions. Under Mr. McMasters’ leadership, the Company has continued to generate strong earnings growth. Mr. McMasters’ thirty-six years of experience in the utilities industry has provided him with in-depth financial and regulatory experience which has driven the Company’s financial discipline and execution of its strategic plan.

Elizabeth Cooper

Ms. Elizabeth W. Cooper is Chief Financial Officer, Senior Vice President, Assistant Secretary of the Company. She was appointed Senior Vice President and Chief Financial Officer in September 2008. She has been served as Corporate Secretary from June 2005 to March 2015. Previously, she has served as Vice President from June 2005 to September 2008 and Treasurer from 2003 to May of 2012. Ms. Cooper joined the Company in 1990 and has previously served in the following roles: Assistant Vice President, Assistant Treasurer, Assistant Secretary, Director of Internal Audit and Director of Strategic Planning. Before joining the Company, Ms. Cooper was an auditor with Ernst & Young’s Entrepreneurial Services Group. She has 22 years of experience in the utilities industry.

Jeffry Householder

Mr. Jeffry M. Householder is President of Florida Public Utilities Company, a subsidiary of the Company. Prior to joining Chesapeake Utilities, Mr. Householder operated a consulting practice that provided business development and regulatory services to utilities, propane retailers and industrial clients.

James Moriarty

Mr. James F. Moriarty is Senior Vice President, General Counsel, Corporate Secretary of the Company. He has over 25 years of experience representing leading companies on diverse energy projects. Previously, Mr. Moriarty was a Partner at Locke Lord LLP and Fulbright & Jaworski, LLP, both international law firms with offices in Washington , D.C. He has represented a broad spectrum of companies on energy regulatory issues before the Federal Energy Regulatory Commission (FERC), and has counseled energy industry leaders on rate, tariff, contract, certificate, commercial, compliance and enforcement matters. He has extensive experience providing legal advice to interstate gas pipelines and local natural gas distribution companies. Mr. Moriarty's experience includes providing representation of equity investors in natural gas pipeline and storage development projects to serve shale plays; representation in a $10 billion merger to create the then-largest natural gas, natural gas liquids and refined petroleum product pipeline transportation company in the U.S.; and representation of the sponsors of a $65 billion project to construct and operate the largest natural gas treatment, liquefied natural gas (LNG) terminal and transmission infrastructure facilities in the history of North America . During his career, Mr. Moriarty has developed innovative strategies for the prompt consideration of complex regulatory, enforcement, and trade matters before the executive, legislative and judicial branches of government, and has provided representation before the FERC, the Department of Energy and federal and state courts throughout the country. Mr. Moriarty earned a Bachelor of Arts from Rutgers University where he was named a University Scholar. He received his Juris Doctor from the Catholic University of America School of Law, and his Master of Laws from Georgetown University Law Center.

Elaine Bittner

Ms. Elaine B. Bittner is Senior Vice President - Strategic Development, Chief Operating Officer - Sharp, Aspire Energy, PESCO and Xeron of the Company. Previously, she has held positions within the Company including Vice President of Eastern Shore from 2005 to 2010, Director of Eastern Shore, Director of Customer Services and Regulatory Affairs for Eastern Shore, Director of Environmental Affairs for Chesapeake and Environmental Engineer. Prior to joining the Company, Ms. Bittner was a Project Chemist, Client Consultant and Environmental Lab Chemist in the environmental industry specializing in environmental analysis and reporting related to volatile organic compounds. Ms. Bittner has 16 years of experience in the utilities industry.

Stephen Thompson

Mr. Stephen C. Thompson is Senior Vice President; President of Eastern Shore Natural Gas Company, a subsidiary of the Company. He joined the Company in 1983 and during his tenure has served as Senior Vice President and Vice President of the Company. Mr. Thompson also served as Director of Gas Supply and Marketing, Superintendent of Eastern Shore, and Regional Manager for the Florida distribution operations. Mr. Thompson has 29 years of experience in the utilities industry.

Eugene Bayard

Mr. Eugene H. Bayard, Esq. is Independent Director of the company. He is a partner with the law firm of Morris James Wilson Halbrook & Bayard in Georgetown, Delaware. He was a partner with the predecessor law firm of Wilson Halbrook & Bayard where he has served clients since 1974. Mr. Bayard serves in numerous business and community board capacities including: Delaware State Fair, Inc.; Chair of Harrington Raceway & Casino; O.A. Newton & Son Company; J.G. Townsend Jr. and Company; Sussex County Advisory Board for Wilmington Savings Fund Society; Delaware Wild Lands, Inc.; Mid-Del Charitable Foundation; Delaware Volunteer Firefighter's Association; and the Delaware Community Foundation.

Thomas Bresnan

Mr. Thomas J. Bresnan is Independent Director of the Company. He is owner and President of the Accounting & Business School of the Rockies, a post-secondary vocational school specializing in Accounting, Business and Computer Proficiency Certificate Programs. He is also owner and President of Denver Accounting Services, a small business accounting firm. Mr. Bresnan currently serves as a director of Global LT, which provides language training services. From 2008 to 2012, he served as a majority stockholder, President and Chief Executive Officer of Schneider Sales Management, LLC, a provider of sales consulting and skills assessment services, and a publisher of proprietary sales training materials. From 1999 to 2006, Mr. Bresnan was Chief Executive Officer of New Horizons Worldwide, Inc. ("New Horizons"), an information technology training company. At New Horizons he also served as President and was on the Board of Directors from 1993 to 2006. Prior to his employment with New Horizons, he served as President of Capitol American Life Insurance and Chief Financial Officer at Capitol American Finance. Mr. Bresnan began his professional career at Arthur Andersen & Co.

Ronald Forsythe

Dr. Ronald G. Forsythe, Jr. Ph.D. is Independent Director of the Company. He is President, Chief Operating Officer and Interim Chief Information Officer of Quality Health Strategies (“QHS”), an organization that provides solutions in the healthcare industry. Prior to QHS, Dr. Forsythe served as Vice President for Planning, Assessment, Technology and Commercialization, and Chief Information Officer at the University of Maryland Eastern Shore (“UMES”). Currently, Dr. Forsythe serves on the Regional Advisory Board of Branch Banking and Trust Company, a U.S. financial services holding company. He also serves on the Board of Directors of the Peninsula Regional Medical Center Foundation, which focuses on capital investments, fund raising, support of educational programs, and community health and wellness initiatives. Dr. Forsythe’s previous Board affiliations include serving on the Board of Quality Health Foundation and Horizons® at the Salisbury School. Dr. Forsythe also served on the Advisory Board for the Worcester County, Maryland School System STEM Initiative. Dr. Forsythe has served as a senior executive in academia for more than a decade. During his tenure at UMES, Dr. Forsythe focused on technological advancements, organizational positioning, and community engagement, which contributed to the development, growth and expansion of the university. Dr. Forsythe led the implementation of several projects at UMES that made the Eastern Shore more eco friendly in its use of energy.

Thomas Hill

Mr. Thomas P. Hill, Jr. is Independent Director of the Company. He retired in 2002 from Exelon Corporation where he served as Vice President of Finance and Chief Financial Officer of Exelon Energy Delivery Company. Exelon Corporation is an electric utility, providing energy generation, power marketing and energy delivery. Prior to the PECO Energy and Unicom Corporation merger, out of which Exelon Corporation evolved, Mr. Hill was Vice President and Controller for PECO Energy, where he had been employed since 1970 in various senior financial and managerial positions. Mr. Hill serves as a trustee of Magee Rehabilitation Hospital and the Magee Rehabilitation Foundation, and Chair of the Audit Committee of Magee Rehabilitation Hospital. He served as a member of the Audit Committee for Jefferson Health System, Inc., a Pennsylvania non-profit corporation, until Jefferson Health System, Inc.’s corporate restructuring in 2014.

Dennis Hudson

Mr. Dennis S. Hudson, III is Independent Director of the Company. He is the Chair and Chief Executive Officer of Seacoast National Bank, and Seacoast Banking Corporation of Florida. He has been a member of both organizations’ Boards of Directors since 1983. Mr. Hudson has held various other positions in these organizations, including, President and Chief Operating Officer. He served on the Florida Public Utilities Company ("FPU") Board of Directors from 2005 until its acquisition by the Company in 2009. He also served as a member of FPU’s Audit Committee. Mr. Hudson also serves on the Board of Trustees of Penn Capital Funds where he is a member of the Audit Committee and Chair of the Nominating Committee. Mr. Hudson is actively involved in the community serving on the Boards of the Community Foundation of Palm Beach and Martin Counties, and Visiting Nurses Association of Florida. He previously served on the Miami Board of Directors of the Federal Reserve Bank of Atlanta, Board of Helping People Succeed, Board of the United Way of Martin County, and as Chair of the Economic Council of Martin County.

Paul Maddock

Mr. Paul L. Maddock, Jr. is Independent Director of the Company. He is a Trustee and President of The Maddock Companies, a diversified real estate company with operations in Palm Beach and Martin Counties, Florida. Mr. Maddock currently serves on the Board and Corporate Governance and Compensation Committees of the W.C. & A.N. Miller Company. Mr. Maddock served on the FPU Board of Directors from 1998 until its acquisition by the Company in 2009. He served as a member of FPU’s Audit, Compensation, and Executive Committees. Mr. Maddock has served on the Board of Lydian Bank and Trust since 2003 and was past Chair of the Audit Committee and a past member of the Executive Committee. He has also served on the Boards of PRB Energy, Inc.; Wachovia Bank of Florida; 1st United Bank and Trust; and Island National Bank and Trust. Within the community, Mr. Maddock serves as President of THRIFT, Inc., a Palm Beach charity organization, and is a former director of Good Samaritan Hospital.

Calvert Morgan

Mr. Calvert A. Morgan, Jr. is Independent Director of the company. He is currently serves as a director of WSFS Financial Corporation and its principal subsidiary, WSFS Bank. He is also Vice Chair of WSFS Bank. Mr. Morgan served as Special Advisor to WSFS Financial Corporation from 2004 to 2009. He is the retired Chair of the Board, President and Chief Executive Officer of PNC Bank, Delaware in Wilmington, Delaware. Mr. Morgan has served in numerous business and community board capacities, including as Chair of the Delaware Business Roundtable and trustee of Christiana Care Corporation. Mr. Morgan is a member of the Delaware Economic and Financial Advisory Council.

Dianna Morgan

Mrs. Dianna F. Morgan is Independent Director of the company. She retired in 2001 from Walt Disney World Company where she served as Senior Vice President of Public Affairs and Human Resources. During her tenure at Walt Disney World Company, she oversaw the Disney Institute – a recognized leader in experiential training, leadership development, benchmarking and cultural change for business professionals around the world. Ms. Morgan is the past Chair of the Board of Trustees for the University of Florida. She currently serves on the Board of Directors of CNL Bancshares, Inc., Marriott Vacations Worldwide Corporation and the Board of Trustees for Hersha Hospitality Trust. Ms. Morgan is also a member of the Board of Directors of Orlando Health and served as past Chair of the national board for the Children’s Miracle Network. Ms. Morgan has extensive experience serving as a board member of both private and public companies. Ms. Morgan’s previous experience overseeing the Disney Institute, which provides leading professional development programs, and serving as Senior Vice President of Human Resources for Walt Disney World Company have provided extensive knowledge of leadership development programs and organizational culture. In addition, Ms. Morgan’s experience as Senior Vice President of Public Affairs for Walt Disney World Company has provided her with a solid foundation in media relations and government relations. As an accomplished senior manager at Walt Disney World Company in these areas, Ms. Morgan brings “best practice” expertise in human capital and the customer experience.

Heidi Watkins