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Chesapeake Utilities Corp (CPK.N)

CPK.N on New York Stock Exchange

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25 Jul 2016
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Summary

Name Age Since Current Position

John Schimkaitis

67 2015 Chairman of the Board

Michael McMasters

57 2011 President, Chief Executive Officer, Director

Elizabeth Cooper

49 2015 Chief Financial Officer, Senior Vice President

Jeffry Householder

58 President of Florida Public Utilities Company

Elaine Bittner

46 2014 Senior Vice President - Strategic Development, Chief Operating Officer - Sharp, Aspire Energy, PESCO and Xeron

Stephen Thompson

55 2004 Senior Vice President; President of Eastern Shore Natural Gas Company

James Moriarty

58 2015 Vice President, General Counsel, Corporate Secretary

Sheri Richard

2016 Vice President of Rates and Regulatory Affairs

Eugene Bayard

68 2006 Independent Director

Thomas Bresnan

62 2001 Independent Director

Ronald Forsythe

46 2014 Independent Director

Thomas Hill

60 2006 Independent Director

Dennis Hudson

59 2009 Independent Director

Paul Maddock

65 2009 Independent Director

Calvert Morgan

67 2000 Independent Director

Dianna Morgan

64 2008 Independent Director

Heidi Watkins

Investor Relations Administrator

Biographies

Name Description

John Schimkaitis

Mr. John R. Schimkaitis is Chairman of the Board of the Company. He was Non-Executive Independent Vice Chairman of the Board of Chesapeake Utilities Corporation. Mr. Schimkaitis was appointed Vice Chair of the Board in March 2010. He held the position of Chief Executive Officer of Chesapeake from January 1999 until his retirement in January 2011. 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 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 2011 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. Mr. Schimkaitis’ knowledge of the utility industry, the Delmarva and Florida markets, as well as his leadership skills have been invaluable to the success of the Company, driving the growth of the Company from a $95 million market capitalization company in 1999 to approximately $395 million at the end of 2010. Throughout his tenure, Mr. Schimkaitis’ business acumen and skills have contributed to the Company’s continued growth.

Michael McMasters

Mr. Michael P. McMasters is the President, Chief Executive Officer, Director of Chesapeake Utilities Corporation. 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 the Chief Financial Officer, Senior Vice President of Chesapeake Utilities Corporation. 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 the President of Florida Public Utilities Company, a wholly-owned subsidiary of Chesapeake Utilities Corporation. He became President of Florida Public Utilities Company in June 2010.

Elaine Bittner

Ms. Elaine B. Bittner is the Senior Vice President - Strategic Development, Chief Operating Officer - Sharp, Aspire Energy, PESCO and Xeron of Chesapeake Utilities Corporation. 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 the Senior Vice President of Chesapeake Utilities Corporation and President of Eastern Shore Natural Gas Company, a subsidiary of the Company. Mr. Thompson 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.

James Moriarty

Mr. James Moriarty is Vice President, General Counsel, Corporate Secretary of Chesapeake Utilities Corporation. Mr. Moriarty 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.

Sheri Richard

Ms. Sheri Richard is Vice President of Rates and Regulatory Affairs of the Company. She brings over 16 years of broad based regulatory experience in the energy industry to Chesapeake Utilities including case management, testimonials, strategy, budget and financial reporting. She has extensive experience managing rates cases for approval, testifying before regulatory commissions and developing and recommending strategies for cost recovery requests. Ms. Richard comes to Chesapeake Utilities from OGE Energy Corporation. Based inOklahoma City, OGE Energy is the parent company of Oklahoma Gas and Electric, a regulated utility serving approximately 825,000 electric customers inOklahomaandArkansas. While at OGE Energy, Ms. Richard actively participated in over 25 proceedings in several jurisdictions. Ms. Richard has held various positions with OGE including Director of Revenue Requirements since 2008, Manager of Costing and Pricing, Manager of AP & Special Projects and Business Support Supervisor. Ms. Richard earned her Bachelor of Science in Accounting from Northwestern Oklahoma State University, and her Masters of Business Administration from the University of Phoenix. Ms. Richard is a Certified Public Accountant.

Eugene Bayard

Mr. Eugene H. Bayard, Esq., is Independent Director of Chesapeake Utilities Corporation. Mr. Bayard 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: Sussex County Advisory Board for Wilmington Savings Fund Society; Delaware Wild Lands, Inc.; Delaware State Fair, Inc.; Chair of Harrington Raceway & Casino; Mid-Del Charitable Foundation; Delaware Volunteer Firefighter’s Association; O.A. Newton & Son Company; and J.G. Townsend Jr. and Company. Mr. Bayard previously served on the Southern Delaware Advisory Committee for the Delaware Community Foundation. Mr. Bayard is well-established in the Delaware legal community where a majority of corporations are incorporated. He has been instrumental in guiding the Company on Delaware legislative and regulatory matters, as well as corporate governance practices. Mr. Bayard has established personal and professional relationships throughout the Delmarva Peninsula, including his service as a board member of the organizations listed above, that are beneficial to the growth and development of the areas within the Company’s Delmarva Peninsula operations.

Thomas Bresnan

Mr. Thomas J. Bresnan is Independent Director of Chesapeake Utilities Corporation. Mr. Bresnan 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 shareholder, 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 was President of Capitol American Life Insurance. Mr. Bresnan began his professional career at Arthur Andersen & Co. Mr. Bresnan has extensive executive management experience. He continues to build on his management experience in his current role as owner and President of the Accounting & Business School of the Rockies and Denver Accounting Services. He gained experience in various sales skills and marketing techniques in his role as head of Schneider Sales Management. In addition, Mr. Bresnan gained in-depth knowledge of the technology industry during his tenure as Chief Executive Officer of New Horizons Worldwide, Inc. He also gained experience in consummating acquisitions and facilitating the post-acquisition integration process. Mr. Bresnan served as a manager with a former public accounting firm and Chief Financial Officer at Capitol American Finance.

Ronald Forsythe

Dr. Ronald G. Forsythe Jr., Ph.D. is Independent Director of the Company., effective November 1, 2014. Dr. Forsythe 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. In addition, Dr. Forsythe previously provided consulting services to the eighth largest water and wastewater utility in the United States where he led an assessment of information technology and communications infrastructure, security practices, and operating procedures. Dr. Forsythe has a diverse background in management, operations and healthcare initiatives as reflected above and as practiced in his current position as President, Chief Operating Officer and Interim Chief Informa

Thomas Hill

Mr. Thomas P. Hill, Jr., is Independent Director of Chesapeake Utilities Corporation. Mr. Hill 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. Mr. Hill has extensive experience in the energy industry, serving in various senior financial and managerial positions at PECO Energy and Exelon Corporation. Through his professional experiences, Mr. Hill has obtained an in-depth knowledge of regulation and energy delivery which has supplemented his engineering training. Mr. Hill also gained financial expertise through his previous roles as Chief Financial Officer of Exelon Energy Delivery Company, and Controller of PECO Energy. He currently serves as a member and Chair of the Audit Committee of Magee Rehabilitation Hospital, which has increased his Audit Committee expertise. With his background in engineering, finance, regulation and utility operations, Mr. Hill brings broad and in-depth utility knowledge to the Board.

Dennis Hudson

Mr. Dennis S. Hudson, III, is Independent Director of Chesapeake Utilities Corporation. Mr. Hudson 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 also held various other positions in these organizations, including, President and Chief Operating Officer. Mr. Hudson served on the Florida Public Utilities Company’s (“FPU”) Board of Directors from 2005 until its acquisition by Chesapeake in 2009. He also served as a member of FPU’s Audit Committee. Mr. Hudson is actively involved in the community serving on the Boards of United Way of Martin County 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, and as Chair of the Economic Council of Martin County. Mr. Hudson joined the Board in 2009 in connection with the Company’s acquisition of FPU. Mr. Hudson has extensive public company and leadership experience not only as a former director of FPU, but also in his current role as Chair and Chief Executive Officer of Seacoast National Bank, and Seacoast Banking Corporation of Florida. Mr. Hudson has a strong finance background, having previously served on the Miami Board of Directors of the Federal Reserve Bank of Atlanta and as Chair of the Economic Council of Martin County, Florida. Mr. Hudson also has a solid understanding of the Florida market.

Paul Maddock

Mr. Paul L. Maddock, Jr., is Independent Director of Chesapeake Utilities Corporation. Mr. Maddock 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 Chesapeake 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. Mr. Maddock joined the Board in 2009 in connection with the Company’s acquisition of FPU. Mr. Maddock’s professional experience with real estate development companies has provided him with in-depth knowledge of the Florida economy. Mr. Maddock has gained additional knowledge of the Florida economy though his service as a director of Lydian Bank and Trust, as well as his involvement within the Florida community. Mr. Maddock has extensive public company and utility experience not only as a former director of FPU, but also as a former director of PRB Energy, Inc., a natural gas exploration and distribution company.

Calvert Morgan

Mr. Calvert A. Morgan, Jr., is Independent Director of Chesapeake Utilities Corporation. Mr. Morgan 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. Mr. Morgan has an established professional career with over 44 years in the banking industry. He has public company experience serving as a director and former Special Advisor to WSFS Financial Corporation. Mr. Morgan’s previous position as Chair, President, and Chief Executive Officer of PNC Bank, Delaware provided in-depth management experience combined with significant knowledge of our Delmarva market. His management experience and market knowledge, coupled with serving on another public company board, has provided Mr. Morgan with the appropriate blend of skills to lead the Corporate Governance Committee. His membership on the Delaware Economic and Financial Advisory Council, and his previous leadership role on the Delaware Business Roundtable give him further insight on issues facing both the current and future business and economic climate of Delaware

Dianna Morgan

Mrs. Dianna F. Morgan is Independent Director of Chesapeake Utilities Corporation. Ms. Morgan 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