Quanta Services, Inc. (NYSE:PWR) has announced the election of two new independent directors, Warner L. Baxter and Jo-Ann Depass Olsovsky, to the company's board of directors at the 2024 annual meeting of stockholders. Additionally, Doyle N. Beneby has been appointed as the new independent chairman of the board.
Mr. Baxter, who previously served as the executive chairman and CEO of Ameren Corporation, a publicly traded regulated electric and gas utility company, brings extensive experience to the board. He has also served as the chairman of the board of directors of the Edison Electric Institute and as the chair of the Electric Power Research Institute. Moreover, he has been a director of U.S. Bancorp since 2015.
Ms. Depass Olsovsky, who most recently served as the executive vice-president and chief information officer at Salesforce.com, Inc., a publicly traded cloud-based software company, will also join the board. She has extensive experience leading information technology, advanced technologies, large-scale systems implementation, telecommunications, field operations, and cybersecurity management functions.
Quanta Services is a leading specialized contracting services company, providing infrastructure solutions for the utility, renewable energy, communications, pipeline, and energy industries. The company's comprehensive services include designing, installing, repairing, and maintaining energy and communications infrastructure.
With operations throughout the United States, Canada, Australia, and select international markets, Quanta Services has the manpower, resources, and expertise to safely complete projects of various scopes. Following these announcements, the company's shares moved -1.4%, and are now trading at a price of $275.94. For more information, read the company's full 8-K submission here.
