Hubbell Incorporated announced the election of Edward H. Baine as a Director of the company effective August 29, 2025. With this addition, the total number of Directors now stands at eleven, of which ten are independent. Mr. Baine, 51, currently serves as the executive vice president-Utility Operations and president-Dominion Energy Virginia at Dominion Energy. Dominion Energy, Inc. 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 enthusiasm about the appointment, highlighting Mr. Baine's extensive expertise in the utility industry and operational leadership experience. Bakker emphasized that Baine's experience and expertise will contribute to Hubbell’s ongoing focus on serving customers with critical infrastructure solutions, enabling grid modernization and electrification, while driving operational excellence and delivering long-term value for shareholders.
Mr. Baine brings a wealth of experience, having begun his career with Dominion Energy as an intern and joining the company full-time in 1995 after earning a bachelor’s degree in electrical engineering. In his thirty-plus year career with Dominion Energy, Mr. Baine has 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.
Hubbell Incorporated, a leading manufacturer of utility and electrical solutions, reported revenues of $5.6 billion in 2024. The company's corporate headquarters is 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. If you want to know more, read the company's complete 8-K report here.
