DOVER, Del., May 17, 2019 /PRNewswire/ -- Chesapeake Utilities
Corporation (NYSE: CPK) President and CEO Jeff Householder will ring The Opening Bell on
Monday, May 20, 2019 at the New York
Stock Exchange. Mr. Householder, who was appointed President and
CEO by the Board of Directors on January
1, will be joined by several employees and members of the
Company's leadership team who will participate in the ceremonial
ringing which signals the opening of the day's trading.
"I am honored to have the opportunity to take part in this
historic tradition and stand with a group of our many key employees
who have driven our growth over the last ten years, which provides
a strong foundation for our future growth," said Mr. Householder.
"Chesapeake's combination of strategic focus, financial discipline
and engaged employees has led to our Company's long track record of
financial and operational success. Last year represented the
25th anniversary of our listing on the NYSE and the bell
ringing event represents an excellent time to recognize all of our
employees' many efforts in driving our past success and positioning
us for the future."
Over the last ten years, Chesapeake Utilities Corporation has
invested over $1.38 billion in
capital expenditures. These capital expenditures have generated an
earnings per share compound annual growth rate of approximately 10
percent, resulting in the Company doubling its size twice over this
period – every five years. This has translated into a compound
annual growth rate in shareholder value of 17.7 percent over the
ten-year period, increasing market capitalization from
$215 million at the end of 2008 to
approximately $1.5 billion currently.
Since listing on the exchange in early 1993, the Company's market
capitalization has grown from $45
million to approximately $1.5
billion at recent stock prices.
The bell-ringing is scheduled for 9:30
a.m. Eastern Time on Monday, May 20, 2019. The New York
Stock Exchange will stream The Opening Bell ringing on its website:
http://livestream.com/NYSE. A video of the bell-ringing will be
archived on that same page after the livestream. Photos and video
of the NYSE bell ringing ceremony will also be available, courtesy
of the NYSE, on Facebook (NYSE) and Twitter (@NYSE).
About Chesapeake Utilities Corporation
Chesapeake
Utilities Corporation is a diversified energy company engaged in
natural gas transmission and distribution; electricity generation
and distribution; propane gas distribution; and other businesses.
Information about Chesapeake Utilities Corporation's businesses is
available at www.chpk.com or through the Company's Investor
Relations App.
Please note that Chesapeake Utilities Corporation is not
affiliated with Chesapeake Energy, an oil and natural gas
exploration company headquartered in Oklahoma City, Oklahoma.
For more information,
contact:
Justin Mulcahy
Public Relations Manager
302.217.7050
jmulcahy@chpk.com
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SOURCE Chesapeake Utilities Corporation