SCANA Corporation Adds Two Independent Directors To Its Board; Forms Special Litigation Committee

PRNewswire 13-Jul-2018 4:30 PM

SCANA Corporation Adds Two Independent Directors To Its Board; Forms Special Litigation Committee

PR Newswire

CAYCE, S.C., July 13, 2018 /PRNewswire/ -- SCANA Corporation (SCANA) (NYSE:SCG), today announced that it has increased the size of its Board of Directors by two members and that two new independent directors, John (Jeb) E. Bachman and Dr. Patricia D. Galloway, have been elected to the Board.  Mr. Bachman and Dr. Galloway will serve as directors until the upcoming Annual Shareholders Meeting at which time they will be presented for election by shareholders.  The Board also appointed Mr. Bachman and Dr. Galloway to a Special Litigation Committee of the Board formed for the purpose of investigating claims being alleged against current and former officers and directors of SCANA in shareholder derivative actions pending in state and federal courts in South Carolina and determining whether it is in the best interests of SCANA to pursue such claims.  Dr. Galloway will serve as Chair of the committee.

SCANA Corporation logo. (PRNewsFoto/SCANA Corporation)

A partner at PricewaterhouseCoopers until his retirement in 2015, Mr. Bachman served as the U.S. assurance operations leader from 2007 to 2013, with full financial and operational responsibility for its largest operating unit with revenues of $4.2 billion.  Mr. Bachman spent more than 36 years at PricewaterhouseCoopers, where he served as U.S. strategy leader from 2004 to 2007, and as an audit partner for companies in several business sectors.  Mr. Bachman is a graduate of Bucknell University and received an MBA from the Harvard University Graduate Business School.  He also serves on the boards of directors for The Children's Place and WEX Inc., both public companies, and served 15 years on the Bucknell University Board of Trustees.

Dr. Galloway is Chair of the Board and former CEO of Pegasus-Global Holdings, Inc., an international management consulting firm to major construction projects in the global energy and infrastructure sectors. For more than 40 years, she has provided strategic advice to boards and senior management concerning governance, management structures, and performance and risk management.  Dr. Galloway serves on several public company and non-profit boards.  She is an international arbitrator and is a member of several arbitral institution panels including the American Arbitration Association (AAA), where she also serves as a member of the AAA's board of directors.  Prior to her tenure at Pegasus-Global Holdings, Inc., Dr. Galloway spent 27 years with the Nielsen-Wurster Group, Inc., where she held a number of positions, including CEO.  Dr. Galloway holds a Ph.D. in Infrastructure Systems Engineering (Civil) from Kochi University of Technology in Japan, an MBA from the NY Institute of Technology, and a bachelor's degree in civil engineering from Purdue University.  In 2004, Dr. Galloway was elected by her peers to serve as the first woman president of the American Society of Civil Engineers.  She has served as an advisor to multiple independent review panels and has extensive international experience on large construction projects.  She also serves on the board of directors for Granite Construction, Inc., a public company.

PROFILE

SCANA, headquartered in Cayce, SC, is an energy-based holding company principally engaged, through subsidiaries, in electric and natural gas utility operations and other energy-related businesses. Information about SCANA and its businesses is available on the company's website at www.scana.com.

SCANA Corporation Contacts:

Media Contact:        


Investor Contact:

Eric Boomhower


Bryant Potter

(800) 562-9308


(803) 217-6916

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SOURCE SCANA Corporation

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