Hubbell Incorporated has announced the election of Edward H. Baine as a Director of the company, effective August 29, 2025. This addition brings the total number of Directors to eleven, with ten being independent. Mr. Baine, 51, currently serves as the executive vice president-Utility Operations and president-Dominion Energy Virginia at Dominion Energy. Dominion Energy provides regulated electricity service to 3.6 million homes and businesses in Virginia, North Carolina, and South Carolina, and regulated natural gas service to 500,000 customers in South Carolina.
Hubbell's Chairman, President, and CEO, Gerben Bakker, expressed excitement about Mr. Baine joining the company, citing his extensive expertise in the utility industry and deep technical understanding. Bakker highlighted Hubbell's focus on serving customers with critical infrastructure solutions enabling grid modernization and electrification, and expressed confidence that Baine's experience and expertise will contribute to driving operational excellence and delivering long-term value for shareholders.
Mr. Baine's career with Dominion Energy spans over thirty years, during which he held numerous engineering, operational, and senior management positions. He completed the advanced management program at Duke University's Fuqua School of Business and is a registered professional engineer in Virginia. Additionally, he serves on the boards of various civic and business organizations.
Hubbell Incorporated is a leading manufacturer of utility and electrical solutions with 2024 revenues of $5.6 billion. The company's solutions aim to electrify economies and energize communities, with its corporate headquarters located in Shelton, CT. As a result of these announcements, the company's shares have moved -3.32% on the market, and are now trading at a price of $430.99. For the full picture, make sure to review HUBBELL INC's 8-K report.
