ITC Holdings Corp. Appoints Thomas G. Stephens to Board of Directors
NOVI, Mich., Nov. 12, 2012
NOVI, Mich., Nov. 12, 2012 /PRNewswire/ --ITC Holdings Corp. (NYSE: ITC) has
appointed Thomas G. Stephens to its board of directors as an independent board
member, effective Nov. 8, 2012. This appointment fills a vacant position on
the company's 10-member board.
Mr. Stephens is retired vice chairman and global chief technology officer of
General Motors Company. He was a member of GM's executive committee and
reported to CEO Daniel Akerson. Mr. Stephens previously served as vice
chairman, Global Product Operations and oversaw GM's global purchasing
Mr. Stephens began his career with GM in 1969 as an hourly employee at the
Chevrolet Engineering Center in Warren, Mich., under the University of
Michigan's student co-op program. Upon graduation, he became a junior engineer
at the Cadillac Motor Car Division in Detroit. He went on to serve in various
engineering and management positions and was elected a GM vice president in
1994. Mr. Stephens was named group vice president for GM Global Powertrain in
2001. His responsibilities were expanded to group vice president, GM Global
Powertrain and Global Quality in 2007. He was promoted to executive vice
president of GM Global Powertrain and Global Quality in 2008. Mr. Stephens
was named vice chairman, Global Product Development and Global Product
Operations for General Motors Company in 2009. He was appointed vice chairman
and global chief technology officer in 2011. Mr. Stephens retired from
General Motors on April 1, 2012.
"Tom Stephens brings a wealth of management and technical experience to the
ITC board of directors," said Joseph L. Welch, chairman, president and CEO of
ITC. "His global experience and insight will be valuable to ITC as we
continue to grow our strategic position and make the investments needed to
further modernize our nation's electric transmission system."
About ITC Holdings Corp.
ITC Holdings Corp. (NYSE: ITC) is the nation's largest independent electric
transmission company. Based in Novi, Michigan, ITC invests in the electric
transmission grid to improve reliability, expand access to markets, lower the
overall cost of delivered energy and allow new generating resources to
interconnect to its transmission systems. ITC's regulated operating
subsidiaries include ITCTransmission, Michigan Electric Transmission Company,
ITC Midwest and ITC Great Plains. Through these subsidiaries, ITC owns and
operates high-voltage transmission facilities in Michigan, Iowa, Minnesota,
Illinois, Missouri, Kansas and Oklahoma, serving a combined peak load
exceeding 26,000 megawatts along 15,000 circuit miles of transmission line.
Through ITC Grid Development and its subsidiaries, the company also focuses on
expansion in areas where significant transmission system improvements are
needed. For more information, please visit ITC's website at
SOURCE ITC Holdings Corp.
Contact: Investor/Analyst contact: Gretchen Holloway, +1-248-946-3595,
firstname.lastname@example.org; Media contact: Robert Doetsch, +1-248-946-3493,
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