ITC Holdings Corp. Appoints Thomas G. Stephens to Board of Directors
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 organization.
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 www.itc-holdings.com. (itc-ITC)
SOURCE ITC Holdings Corp.
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