SoCalGas Appoints New CEO, COO, and Chief Accounting Officer
SOCGM sits 28% above its 52-week low of $24.41 on light trading volume (0.2× avg).
Summary
Southern California Gas Company announced a major leadership overhaul, appointing Karen L. Sedgwick as CEO, Ross W. Turrini as COO, and Elvia Lima Ortiz as Chief Accounting Officer, alongside the resignation of the previous CAO.
Key Events · Executive and Board Changes · SOCGM
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New CEO and President Appointed
Karen L. Sedgwick, formerly Sempra's Executive Vice President and Chief Financial Officer, has been appointed Chief Executive Officer and President of SoCalGas, effective in the third quarter of 2026.
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New Chief Operating Officer Appointed
Ross W. Turrini, previously Chief Operating Officer of National Grid's New York gas business, has been appointed Chief Operating Officer for SoCalGas, effective August 10, 2026.
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New Chief Accounting Officer Appointed
Elvia Lima Ortiz, SoCalGas' Director of Financial Reporting and Accounting, has been promoted to Vice President, Chief Accounting Officer, Controller, and Assistant Treasurer, effective July 10, 2026.
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Chief Accounting Officer Resignation
Sara P. Mijares resigned as Vice President, Chief Accounting Officer, Controller, and Assistant Treasurer, effective July 9, 2026. She will receive severance benefits and an additional $315,000 cash payment for forfeited equity awards.
Analysis · SOCGM · Energy & Transportation
This filing details a significant leadership restructuring at Southern California Gas Company, including the appointment of a new Chief Executive Officer, Chief Operating Officer, and Chief Accounting Officer. Karen L. Sedgwick's appointment as CEO, an internal promotion from parent company Sempra, suggests a focus on continuity and leveraging existing executive talent. The external hire of Ross W. Turrini as COO brings extensive experience from National Grid, potentially introducing new operational strategies. The departure of the previous Chief Accounting Officer, Sara P. Mijares, with a notable severance package, is also disclosed. These changes represent a substantial shift in the company's top management, which could influence future strategic direction and operational efficiency.
At the time of this filing, SOCGM was trading at $31.24 on OTC in the Energy & Transportation sector. The 52-week trading range was $24.41 to $45.00. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.