People: ITC Holdings Corp (ITC)

ITC on New York Consolidated

39.88USD
22 Dec 2014
Price Change (% chg)

$0.28 (+0.71%)
Prev Close
$39.60
Open
$39.58
Day's High
$39.89
Day's Low
$39.58
Volume
84,425
Avg. Vol
1,102,435
52-wk High
$40.67
52-wk Low
$31.18

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Summary

Name Age Since Current Position

Joseph Welch

65 2009 Chairman of the Board, President, Chief Executive Officer

Rejji Hayes

39 2014 Chief Financial Officer, Senior Vice President, Treasurer

Jon Jipping

48 2007 Chief Operating Officer, Executive Vice President

Kevin Burke

2013 Vice President - Human Resources, Chief Human Resource Officer

Daniel Oginsky

41 2014 Executive Vice President, General Counsel

Linda Blair

44 2007 Executive Vice President, Chief Business Officer

Ron Hinsley

2013 Chief Information Officer, Vice President - Information Technology

Lee Stewart

65 Lead Independent Director

Albert Ernst

2014 Director

Dave Lopez

60 2014 Director

Christopher Franklin

49 2011 Independent Director

Edward Jepsen

70 2005 Independent Director

William Museler

73 2006 Independent Director

Hazel O'Leary

77 2007 Independent Director

Thomas Stephens

65 2012 Independent Director

Gordon Stewart

61 2006 Independent Director

Biographies

Name Description

Joseph Welch

Mr. Joseph L. Welch is Chairman of the Board, President, Chief Executive Officer of ITC Holdings Corp. Mr. Welch has been a Director and the President and Chief Executive Officer of the Company since it began operations in 2003 and served as its Treasurer until April 2009. Mr. Welch has also served as Chairman of the Board of Directors of the Company since May 2008. As the founder of ITCTransmission, Mr. Welch has had overall responsibility for the Company's vision, foundation and transformation into the first independently owned and operated electricity transmission company in the United States. Mr. Welch worked for DTE Electric Company (formerly Detroit Edison Company), or DTE Electric, and subsidiaries of DTE Energy Company, which we refer to collectively as DTE Energy, from 1971 to 2003. During that time, he held positions of increasing responsibility in the electricity transmission, distribution, rates, load research, marketing and pricing areas, as well as regulatory affairs that included the development and implementation of regulatory strategies.

Rejji Hayes

Mr. Rejji P. Hayes has been appointed as Chief Financial Officer, Senior Vice President, Treasurer of ITC Holdings Corp., effective August 13, 2014. Mr. Hayes joined ITC in February 2012 as its vice president of finance and treasurer. Previously, he was assistant treasurer and director, Corporate Finance and Financial Strategy at Exelon Corporation in Chicago, where he was responsible for developing the company's financial strategy and planning, structuring and executing all debt and equity financings. He also served as vice president, Mergers and Acquisitions at Lazard Freres & Co. LLC, where he provided strategic and corporate finance advisory services for corporate clients and private equity firms. Earlier, Mr. Hayes served in a variety of financial leadership roles with financial institutions and investment banks. Mr. Hayes holds a master of business administration from Harvard Business School and a bachelor's degree from Amherst College.

Jon Jipping

Mr. Jon E. Jipping is Chief Operating Officer, Executive Vice President of ITC Holdings Corp. In this position, Mr. Jipping is responsible for transmission system planning, system operations, engineering, supply chain, field construction and maintenance, and information technology, facilities and safety. Prior to this appointment, Mr. Jipping served as our Senior Vice President—Engineering and was responsible for transmission system design, project engineering and asset management. Mr. Jipping joined us as Director of Engineering in March 2003, was appointed Vice President—Engineering in 2005 and was named Senior Vice President in February 2006. Prior to joining the Company, Mr. Jipping was with DTE Energy for thirteen years. He was Manager of Business Systems & Applications in DTE Energy's Service Center Organization, responsible for implementation and management of business applications across the distribution business unit, and held positions of increasing responsibility in DTE Energy's Transmission Operations and Transmission Planning department. Mr. Jipping currently serves as a member of the Advisory Board of the Michigan Technological University College of Engineering.

Kevin Burke

Mr. Kevin Burke is Vice President - Human Resources, Chief Human Resource Officer of ITC Holdings Corp. Burke joins ITC from Dow Corning Corporation, where he served as vice president of human resources for Global Corporate Functions. In that role, he led human resources for all global functions including manufacturing, science and technology, marketing and sales, and corporation functions. Burke also served as vice president of human resources for Hemlock Semiconductor Group, a joint venture of Dow Corning. Prior to his roles at Dow Corning Corporation, Burke served as senior director of human resources and talent management for Pulte Homes, Inc., where he provided HR leadership for departments across multiple locations while leading corporate talent management initiatives. Burke also previously held human resources positions with General Mills, Inc. and Motorola, Inc. and served as a labor relations representative with General Motors Co. Burke holds a Bachelor of Arts and Master of Arts from Michigan State University and a Master of Business Administration from Northwestern University.

Daniel Oginsky

Mr. Daniel J. Oginsky is Executive Vice President, General Counsel of ITC Holdings Corp. In this position, Mr. Oginsky is responsible for the legal affairs of the Company and oversees the legal department, which includes the legal, corporate secretary, real estate, contract administration and corporate compliance functions. Mr. Oginsky also served as the Company's Secretary from November 2004 until June 2007. Prior to joining the Company, Mr. Oginsky was an attorney in private practice for five years with various firms, where his practice focused primarily on representing ITCTransmission and other energy clients on regulatory, administrative litigation, transactional, property tax and legislative matters. Mr. Oginsky currently serves as a member of the Advisory Board of Directors of Belle Tire, Inc., the Board of Visitors for James Madison College at Michigan State University, the Advisory Board of the George Washington University Law School Energy Law Initiative, and the Providence Health Foundation Board of Trustees.

Linda Blair

Ms. Linda H. Blair is Executive Vice President, Chief Business Officer of ITC Holdings Corp. Ms. Blair is responsible for managing each of our regulated operating companies and the necessary business support functions, including regulatory strategy, federal and state legislative affairs, community government affairs, human resources, and marketing and communications. Prior to this appointment, Ms. Blair served as our Senior Vice President—Business Strategy and was responsible for managing regulatory affairs, policy development, internal and external communications, community affairs and human resource functions. Ms. Blair was Vice President—Business Strategy from March 2003 until she was named Senior Vice President in February 2006. Prior to joining the Company, Ms. Blair was the Manager of Transmission Policy and Business Planning at ITCTransmission for two years when it was a subsidiary of DTE Energy and was a supervisor in DTE Electric's regulatory affairs department for two years.

Ron Hinsley

Mr. Ron Hinsley has been appointed as Chief Information Officer, Vice President - Information Technology of ITC Holdings Corp. effective January 07, 2013. Hinsley joins ITC from Wolf Creek Nuclear Operating Corporation, the operators of the Wolf Creek Generating Station in Kansas. In that role, he managed all information services strategy and operations, as well as critical infrastructure protection (CIP) compliance and IT governance functions. Prior to his role at Wolf Creek, Hinsley served as vice president and CIO for the Electric Reliability Council of Texas and the former Aquila, Inc. He also brings experience as a North American Electric Reliability Corporation (NERC) CIP-compliance consultant for CPS Energy, where he implemented a NERC CIP-compliant infrastructure to serve the company's energy development operations. Hinsley holds a Bachelor of Science degree from College of St. Mary in Omaha, Neb.

Lee Stewart

Mr. Lee C. Stewart is Lead Independent Director of ITC Holdings Corp. Mr. Stewart currently serves as a director, chair of the compensation committee and a member of the finance committee of P.H. Glatfelter Company and as a director, chair of the compensation committee and member of the audit committee of AEP Industries, Inc. Mr. Stewart also served as director, chair of the human resources and compensation committee and member of the audit committee of Marsulex, Inc. from 2000 to 2011 when the company was sold and ceased to exist. Previously, Mr. Stewart was Executive Vice President and Chief Financial Officer of Foamex International, Inc., a publicly traded manufacturer of flexible polyurethane and advanced polymer foam products, in 2001 and was Vice President responsible for all areas of Treasury at Union Carbide Corp., a chemicals and polymers company, from 1996 to 2001. Prior to that, Mr. Stewart was an investment banker for over 25 years.

Albert Ernst

Mr. Albert Ernst is Director of the Company. Albert Ernst is a retired partner at Dykema Gossett PLLC, where he served as director of Dykema's Energy Industry Group. His experience with companies in the public utility, energy, transmission, telecommunications and rural electric cooperative fields spans three decades. With Dykema, Mr. Ernst worked with leading energy clients including International Transmission Company and Michigan Electric Transmission Company, as well as Wolverine Power Supply Cooperative, Midwest Energy Cooperative, Great Lakes Energy Cooperative and the Michigan Electric Cooperative Association. Prior to joining Dykema in 1979, Mr. Ernst was an assistant attorney general for the State of Michigan. He also served as a consultant on utility-related matters to the U.S. Department of Defense, the Department of Energy and the General Services Administration. Mr. Ernst earned his juris doctor degree from Wayne State University and holds a bachelor's degree from Michigan State University.

Dave Lopez

Mr. Dave R. Lopez is Director of the Company. Dave Lopez recently concluded his role as interim superintendent of Oklahoma City Public Schools, after having served as Oklahoma's Secretary of Commerce where he was responsible for overseeing the state's economic development efforts while serving on the governor's cabinet. In addition to performing in a variety of public service roles from 2006 to 2011 both as president of the American Fidelity Foundation and Downtown Oklahoma City, Inc., Mr. Lopez led a distinguished 22 year career with SBC Communications, now AT&T, including in a corporate officer capacity. Mr. Lopez holds a master's degree in education and a bachelor's degree in english and journalism from New Mexico State University.

Christopher Franklin

Mr. Christopher H. Franklin is an Independent Director of ITC Holdings Corp. Mr. Franklin currently serves as President and Chief Operating Officer, Regulated Operations at Aqua America, Inc., a water and wastewater utility holding company, a position he has held since December 2011. Prior to this appointment, Mr. Franklin served as Regional President, Midwest and Southern Operations and Senior Vice President of Corporate and Public Affairs from 2010 to 2011 and Regional President, Southern Operations and Senior Vice President of Customer Operations & Public Affairs from 2007 to 2010 and has served in a variety of other operations, customer service and public affairs positions since joining Aqua America, Inc. in 1993. Prior to joining Aqua America, Inc., Mr. Franklin served as Regional Civic and Economic Development Officer for Peco Energy (Exelon) from 1990 to 1992. He began his career in 1987 as Congressional Aide to U.S. Congressman Richard Schulze. Mr. Franklin currently sits on the Board of the Magee Rehabilitation Hospital and the Walnut Street Theatre. He also has served as a Director on the Southeastern Pennsylvania Transportation Authority.

Edward Jepsen

Mr. Edward G. Jepsen is an Independent Director of ITC Holdings Corp. Since December 2010, Mr. Jepsen has served as the Chairman and CEO of Coburn Technologies, Inc., a privately held manufacturer and marketer of ophthalmic lens processing and diagnostic equipment. Mr. Jepsen currently serves as a director and is chair of the audit committee and a member of the nominating and corporate governance committee of the board of directors of Amphenol Corporation, a publicly traded manufacturer of electrical, electronic and fiber optic connectors, interconnect systems and cable. In the past five years, but not currently, Mr. Jepsen served as a director and chairman of the audit and finance committee and member of the compensation committee of Gerber Scientific, Inc. Mr. Jepsen served as Executive Vice President and Chief Financial Officer of Amphenol Corporation from 1989 to 2004. Prior to joining Amphenol Corporation, Mr. Jepsen worked at Price Waterhouse LLP from 1969 to 1988, ultimately attaining the position of partner. The Board selected Mr. Jepsen to serve as a director because of the expansive financial and accounting experience he obtained as a chief financial officer and Certified Public Accountant. Mr. Jepsen is an "audit committee financial expert" as defined in applicable SEC and NYSE rules.

William Museler

Mr. William J. Museler is an Independent Director of ITC Holdings Corp. He became a Director of the Company in November 2006. Previously, he served as President and CEO of the New York Independent System Operator from 1999 to 2005. Prior to his service at NYISO, Mr. Museler held senior positions at the Tennessee Valley Authority from 1991 to 1999, Long Island Lighting Company from 1973 to 1991 and Brookhaven National Laboratory from 1967 to 1973. He has served as a federal representative for the North American Electric Reliability Council and as chairman of the Southeastern Electric Reliability Council. He was a member of the Secretary of Energy's Energy Advisory Board from 2001 to 2005 and is currently a director of the Independent Electric System Operator in Toronto, Ontario, Canada.

Hazel O'Leary

Ms. Hazel R. O'Leary is an Independent Director of ITC Holdings Corp. Ms. O'Leary served as the President of Fisk University in Nashville, Tennessee from 2004 through February 2013 and currently serves on the boards of directors of the Nashville Alliance for Public Education, Nashville Business Community for the Arts, World Wildlife Fund, Arms Control Association and CAMAC Energy Inc. Ms. O'Leary served as an Assistant Attorney General and Assistant Prosecutor in the state of New Jersey and was appointed to the Federal Energy Administration under President Gerald Ford and to the United States Department of Energy under President Jimmy Carter. Ms. O'Leary worked in the private sector as a principal at the independent public accounting firm of Coopers and Lybrand from 1977 to 1979. In 1981 she was named Vice President and General Counsel of O'Leary and Associates, a company focused on international economics as related to energy issues. She served in that capacity until 1989 and then returned as President from 1997 to 2001. In 1989, she became Executive Vice President for Environmental and Public Affairs for the Minnesota Northern States Power Company and in 1992 she was promoted to President of the holding company's gas distribution subsidiary. Ms. O'Leary served as the United States Secretary of Energy from 1993 to 1997 and as President and Chief Operating Officer for the investment banking firm Blaylock and Partners in New York from 2000 to 2002. Ms. O'Leary also served on the board of directors of UAL Corporation from 1999 to 2005.

Thomas Stephens

Mr. Thomas G. Stephens is an Independent Director of ITC Holdings Corp. Mr. Stephens retired in April 2012 from General Motors Company, a designer, manufacturer and marketer of vehicles and automobile parts, after 43 years with the company. Prior to his retirement, Mr. Stephens served as Vice Chairman and Chief Technology Officer from February 2011 to April 2012, Vice Chairman, Global Product Operations from 2009 to 2011, Vice Chairman, Global Product Development in 2009, Executive Vice President, Global Powertrain and Global Quality from 2008 to 2009, Group Vice President, Global Powertrain and Global Quality from 2007 to 2008, Group Vice President, General Motors Powertrain from 2001 to 2007 and has served in a variety of other engineering and operations positions. Mr. Stephens currently sits on the Board of Directors for FIRST (For Inspiration and Recognition of Science and Technology) and is Chairman of the Board of the Michigan Science Center.

Gordon Stewart

Mr. Gordon Bennett Stewart is an Independent Director of ITC Holdings Corp. In 1982, he co-founded Stern Stewart & Co., a global management consulting firm, where he served as Senior Partner until March 2006. Since then, Mr. Stewart has served as Chief Executive Officer of EVA Dimensions, a firm that offers corporate financial benchmark data, software tools for corporate financial intelligence, performance management, valuation modeling and executive decision support, and equity research services. Mr. Stewart has written and lectured widely in his 30 year professional career on topics such as accounting for value and management incentive plans.

Basic Compensation

Options Compensation

Name Options Value

Joseph Welch

657,489 42,694,703

Rejji Hayes

0 0

Jon Jipping

8,662 384,593

Kevin Burke

0 0

Daniel Oginsky

102,375 1,700,015

Linda Blair

184,204 4,472,493

Ron Hinsley

0 0

Lee Stewart

0 0

Albert Ernst

0 0

Dave Lopez

0 0

Christopher Franklin

0 0

Edward Jepsen

0 0

William Museler

0 0

Hazel O'Leary

0 0

Thomas Stephens

0 0

Gordon Stewart

0 0
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