Summary
Sempra Energy (SRE) announced the upcoming retirement of Steven D. Davis, Corporate Group President - Utilities, effective March 1, 2018. Mr. Davis, aged 62, will step down from his role overseeing the company's utility operations. This transition also includes his retirement as a Director and non-executive Chairman of the boards for Sempra's indirect subsidiaries, Southern California Gas Company and San Diego Gas & Electric Company, on the same date.
Key Highlights
- 1Steven D. Davis, Corporate Group President - Utilities, to retire effective March 1, 2018.
- 2Mr. Davis will also retire as Director and non-executive Chairman of Southern California Gas Company and San Diego Gas & Electric Company boards.
- 3Retirement is effective at age 62.
- 4The retirement date is set for March 1, 2018, providing a transition period.
- 5This announcement pertains to a key executive's departure from utility leadership roles.
Frequently Asked Questions
Steven D. Davis, Corporate Group President - Utilities, is retiring. He also holds leadership positions on the boards of Southern California Gas Company and San Diego Gas & Electric Company as Director and non-executive Chairman.
The retirement is effective March 1, 2018.
Mr. Davis informed Sempra Energy of his decision to retire at the age of 62. No specific reason beyond reaching retirement age was provided in the filing.
The filing does not detail the specific impact. However, Mr. Davis's role as Corporate Group President - Utilities indicates he oversees key aspects of the company's regulated utility business. Investors may want to monitor future announcements regarding his successor and any management restructuring.