Spire Inc. Appoints Scott Doyle as CEO, Reinforcing Commitment to Growth and Leadership
- Spire Inc. appoints Scott Doyle as CEO, emphasizing leadership for future growth and operational excellence.
- Doyle's experience in the energy sector and community involvement highlights Spire's commitment to service and connectivity.
- Spire announces a quarterly dividend increase, showcasing financial stability and ongoing dedication to shareholder value.
Spire Inc. Welcomes New Leadership Amid Continued Commitment to Growth
Spire Inc., a leading natural gas company in the U.S., announces the appointment of Scott Doyle as its new president and chief executive officer, effective immediately. Doyle, who previously served as the executive vice president and chief operating officer of Spire, succeeds Steve Lindsey following his resignation from the Board of Directors. With extensive experience in the energy sector, including a prior role at CenterPoint Energy, Doyle brings a wealth of knowledge in utility operations and regulatory affairs to his new position. His elevation to CEO signifies Spire's dedication to strong leadership as the company navigates its next phase of growth.
Under Doyle's leadership, Spire aims to maintain its commitment to operational excellence and customer service, principles that are deeply ingrained in the company’s mission. The Board of Directors expresses confidence in Doyle's collaborative approach and his ability to connect with both employees and customers alike. His involvement in community initiatives, such as serving on the boards of the United Way of Greater St. Louis and the Southern Gas Association, illustrates his dedication not only to Spire but also to the broader community. This focus on connectivity and service is essential as Spire seeks to enhance its operations and innovate within the natural gas sector.
Doyle's appointment comes at a pivotal time as Spire prepares to build on its established foundation of success. The company serves approximately 1.7 million homes and businesses across Alabama, Mississippi, and Missouri, positioning itself as one of the largest publicly traded natural gas providers in the country. As Spire continues to invest in infrastructure and organic growth, Doyle's leadership is expected to guide the company in embracing new opportunities and meeting the evolving needs of its customers in an increasingly competitive energy landscape.
In a related development, Spire announces a quarterly common stock dividend of $0.785 per share, marking the 22nd consecutive year of annual increases since the company began paying dividends in 1946. This commitment to shareholder value underscores Spire's financial stability and growth trajectory. The company also declares a quarterly dividend of $0.36875 per depositary share for its Series A Preferred Stock, reflecting its ongoing dedication to maintaining robust financial performance while supporting its strategic initiatives in the natural gas industry.