AmeriGas announces changes to executive leadership

Jerry Sheridan is stepping down as president and CEO of AmeriGas Partners and Hugh Gallagher, current vice president of finance and CFO, has been appointed to fill the position. Sheridan has also resigned as a director of the general partner, but will remain an employee of AmeriGas until January 2019 to assist with the transition, the company reports.

Sheridan

Gallagher has been vice president of finance and CFO of AmeriGas since May 2013. He joined UGI Corp., AmeriGas’ parent company, in 1990 and since then has served in various finance, accounting and operations roles, including treasurer, director of treasury services and investor relations and director of business development. Ted Jastrzebski, UGI CFO, will serve as AmeriGas’ principal financial officer until Gallagher’s successor is named, AmeriGas says.

“We thank Jerry for his more than 13 years of service with AmeriGas and we wish him well in his future endeavors,” says John Walsh, president and CEO of UGI. “During Jerry’s tenure with the company, we completed over 90 acquisitions and achieved an increase of total unitholder return of more than 280 percent, a compound annual growth rate of over 10 percent, outpacing the Alerian MPG index and the S&P 500 index. We are pleased to have Hugh step into the president and CEO role. Hugh’s more than 25-year history with the company will position him well to lead AmeriGas as we head into the 2018-19 winter heating season.”

Gallagher

In addition, UGI appointed Roger Perreault to the newly created position of executive vice president, global LPG, effective Oct. 1. Perreault will lead the company’s propane distribution businesses conducted through AmeriGas Propane and UGI International, the company says. Perreault will also continue to serve as president of UGI International, a position he has held since 2015. Perreault spent 21 years with Air Liquide, serving as president of large industries and in a role with responsibility for Air Liquide’s North American large industries business.

“The creation of Roger’s new role will allow us to better support strategic initiatives, accelerate growth, drive efficiencies and foster best practice sharing across UGI’s LPG businesses,” Walsh says. “We believe a strong and close collaboration between Roger and Hugh will enhance our ability to execute on the strategic opportunities that are critical to our future.”

Gallagher and Perreault have also been elected to the board of directors of AmeriGas Propane Inc.

*Featured image: iStock.com/arthobbit