Sempra Names New Leaders as It Advances Strategic Initiatives

Sempra Appoints New Leaders Amid Strategic Realignment

Sempra has announced several key leadership appointments aimed at strengthening its executive team and advancing its strategic objectives. These changes coincide with the company's planned sale of a 45% equity interest in its energy infrastructure platform, Sempra Infrastructure, to affiliates of KKR. The transaction is expected to close in the third quarter of 2026.

Karen Sedgwick, currently executive vice president and chief financial officer of Sempra, will assume the role of chief executive officer and president of Southern California Gas Company (SoCalGas), the largest natural gas distribution utility in the United States. Sedgwick brings over 30 years of experience within the Sempra family of companies, with a background in utility operations, regulatory affairs, and safety.

Concurrently, Justin Bird, executive vice president of Sempra and CEO of Sempra Infrastructure, is appointed executive vice president and chief financial officer of Sempra. Bird's extensive experience, including over 20 years at Sempra in treasury, financial planning, and corporate development, positions him to lead the company's financial operations, investor relations, and treasury functions.

Focus on Regulated Utilities and Financial Strengthening

These leadership changes support Sempra's strategy to concentrate its investments in regulated U.S. utility operations in Texas and California. The company anticipates that approximately 95% of its earnings will stem from these regulated utilities by 2027. The sale of Sempra Infrastructure is projected to generate substantial cash proceeds, support disciplined capital allocation, and eliminate the need for common equity issuances in the company's 2026-2030 capital plan.

Sempra operates one of the largest energy networks in North America and is focused on enhancing energy resilience in California and Texas, the two largest economies in the U.S.