NOVI, Mich., June 5, 2017 /PRNewswire/ -- ITC Holdings Corp. (ITC) today announced that Michael Daranyi has joined the company as vice president, finance and treasurer. He will be responsible for all treasury and cash management activities, financial planning and analysis, management reporting and risk management and insurance functions for the company.
"Michael brings deep experience in utility corporate finance and budget planning to ITC," said Gretchen Holloway, vice president and interim chief financial officer. "He is filling a key leadership role in the company's finance organization and will be involved in advancing our corporate strategy. We welcome Michael to the ITC team."
Daranyi has 34 years of experience in finance. He most recently served as senior director, strategic initiatives and corporate services for Tucson Electric Power/UNS Energy Corporation, a Fortis company based in Tucson, Arizona. Prior to joining Tucson Electric/UNS in 1997, Daranyi served in a variety of finance functions in the medical and business services industries.
"As the country's foremost independent developer of transmission infrastructure, I'm excited about helping ITC continue its growth in this industry," said Daranyi. "I look forward to supporting the company in building the next generation of our nation's electric grid to the ultimate benefit of customers."
Daranyi holds a Master of Business Administration in Finance from Golden Gate University and a Bachelor of Science in Business Administration from the University of Arizona.
About ITC Holdings Corp.
ITC, a Fortis company, is the largest independent electricity transmission company in the United States. Based in Novi, Michigan, ITC invests 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. Through its regulated operating subsidiaries ITCTransmission, Michigan Electric Transmission Company, ITC Midwest and ITC Great Plains, ITC owns and operates high-voltage transmission infrastructure in Michigan, Iowa, Minnesota, Illinois, Missouri, Kansas and Oklahoma, and in development in Wisconsin. These systems serve a combined peak load exceeding 26,000 megawatts along approximately 15,800 circuit miles of transmission line, supported by 660 employees and nearly 1,000 contractors across our expanding footprint. ITC's grid development focus includes growth through regulated infrastructure investment as well as domestic and international expansion through merchant and other commercial development opportunities. Additional information can be accessed at www.itc-holdings.com.
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SOURCE ITC Holdings Corp.