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Centuri Appoints Ryan Palazzo President, U.S. Gas

30-year energy industry veteran to lead long-term strategic planning and market expansion amid rising demand for Centuri’s gas infrastructure capabilities

PHOENIX--(BUSINESS WIRE)--Centuri Holdings, Inc. (NYSE: CTRI) (“Centuri” or the "Company"), a leading, North American utility infrastructure services company, today announced the appointment of Ryan Palazzo as President of U.S. Gas. In this role, he will lead Centuri’s U.S. Gas segment, driving the Company’s growth strategies for gas infrastructure services, which comprise approximately half of the Company’s total revenue.

With more than 30 years of experience in large-scale pipeline and energy infrastructure construction, Mr. Palazzo brings an impressive track record of delivering operational excellence, driving profitability, and building high-performing teams and high-value customer relationships.

Mr. Palazzo’s career includes leadership roles at both publicly traded and privately held international firms. His experience spans positions with U.S. Pipeline, a privately held, premier major pipeline and facilities contractor, CH2M Hill, a global engineering firm acquired by Jacobs Engineering Group Inc. in 2017, and El Paso Corporation, a market-leading natural gas producer in North America acquired by Kinder Morgan in 2011. Most recently, he served as President, Pipeline Group, for Primoris Corporation where he led multiple business units and drove substantial revenue growth.

“In response to our customer demand, the addition of Ryan to our team not only responds to their needs of building further growth capability but strengthens our leadership team in support of increasing our focus on market expansion while maintaining our best-in-class safety and service quality,” said Centuri President and CEO Christian Brown. “Ryan’s decades of strategic industry experience, coupled with his track record of success and unique insights, make him an ideal leader as we enhance Centuri’s focus on top tier earnings growth, and sharpen our ability to deliver sustainable value for our shareholders.”

Mr. Palazzo holds a Bachelor of Science in Mechanical Engineering from the Colorado School of Mines and is a graduate of the Advanced Management Program at The University of Chicago Booth School of Business.

Learn more about Centuri’s capabilities at https://centuri.com.

About Centuri

Centuri Holdings, Inc. is a strategic utility infrastructure services company that partners with regulated utilities to build and maintain the energy network that powers millions of homes and businesses across the United States and Canada.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements can often be identified by the use of words such as “will,” “predict,” “continue,” “forecast,” “expect,” “believe,” “anticipate,” “outlook,” “could,” “target,” “project,” “intend,” “plan,” “seek,” “estimate,” “should,” “may” and “assume,” as well as variations of such words and similar expressions referring to the future. Forward-looking statements could include (without limitation) statements regarding our confidence in our prospects to deliver value for our stockholders as an independent standalone company and our expectation to continue to build on our track record of delivering consistent growth by serving our customers across the utility value chain. A number of important factors affecting the business and financial results of Centuri could cause actual results to differ materially from those stated in any forward-looking statements. These factors include, but are not limited to, capital market risks and the impact of general economic or industry conditions. Factors that could cause actual results to differ also include (without limitation) those discussed in Centuri’s filings filed from time to time with the SEC. The statements in this press release are made as of the date of this press release, even if subsequently made available by Centuri on its website or otherwise. Centuri does not assume any obligation to update any forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise.

Contacts

For Centuri Shareholders, contact:
Nate Tetlow
(480) 851-8426
Ntetlow@centuri.com

For Centuri media information, contact:
Jennifer Russo
(602) 781-6958
JRusso@Centuri.com

Centuri Holdings, Inc.

NYSE:CTRI

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Contacts

For Centuri Shareholders, contact:
Nate Tetlow
(480) 851-8426
Ntetlow@centuri.com

For Centuri media information, contact:
Jennifer Russo
(602) 781-6958
JRusso@Centuri.com

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