SoCalGas Appoints New CFO and General Counsel as Part of Shared Officer Model

summarizeSummary

Southern California Gas Company announced the appointment of new Chief Financial Officer and General Counsel, effective January 31, 2026, as part of a strategic initiative to expand its shared officer model with San Diego Gas & Electric Company.

check_boxKey Events

• New CFO Appointed

  Valerie A. Bille, currently Senior Vice President and Chief Financial Officer for SDG&E, will assume the same roles for SoCalGas, effective January 31, 2026. Her annual base salary will increase to $430,000.

• New General Counsel Appointed

  Robert J. Borthwick, Sempra's Chief Risk Officer, will become Senior Vice President and General Counsel for both SoCalGas and SDG&E, effective January 31, 2026.

• Executive Departures

  Mia L. DeMontigny resigned as Senior Vice President, Chief Financial Officer and Treasurer, and David J. Barrett resigned as Senior Vice President and General Counsel for SoCalGas, both effective January 31, 2026. Barrett will transition to a role at Sempra.

• Strategic Reorganization

  These executive changes are part of a broader Sempra initiative to simplify business operations, capture efficiencies, and improve customer affordability by expanding the shared officer model between SoCalGas and SDG&E.

auto_awesomeAnalysis

Southern California Gas Company (SoCalGas) is implementing significant executive changes, appointing Valerie A. Bille as Senior Vice President and Chief Financial Officer, and Robert J. Borthwick as Senior Vice President and General Counsel. These appointments are part of a broader strategic initiative by Sempra, the parent company, to simplify operations, enhance efficiencies, and improve customer affordability by expanding the shared officer model between SoCalGas and San Diego Gas & Electric Company (SDG&E). While two key executives are departing, their replacements are internal to the Sempra family, suggesting a planned transition rather than unexpected turnover. Investors should view these changes as a strategic realignment aimed at operational improvements.