Novi-based ITC Holdings Corp. has appointed five members to its board of directors after being acquired by Fortis Inc. and GIC Private Limited in October 2016. The appointments will begin providing oversight, governance, and strategic guidance on January 1, 2017.
“Our growing board reflects a strong combination of talent and experience that will help guide ITC’s direction and growth toward further modernizing the nation’s electric infrastructure,” says Linda Blair, president and CEO of ITC, and one of the new appointees. “I look forward to working with this … team as we pursue the next chapter of the ITC story as a member of the Fortis family of companies.”
The new appointees represent the business, automotive, and financial industries. Albert Ernst was the former director energy group Dykema Gossett, and Sandra Pierce comes as the senior executive vice president of Huntington National Bank. Likewise, Kevin Prust is the former CFO and executive vice president of Weitz Co., and Thomas Stephens is a former vice chairman and global chief technology officer at General Motors Co.
ITC, a Fortis company, is the largest independent electric transmission company in the United States. The company invests in and maintains assets in the electric transmission grid to improve reliability, expand access to markets, allow new generating resources to interconnect to its transmission systems, and lower the overall cost of delivered energy.
