UGI Leadership Team and Board Members to Donate $350,000 to Pennsylvania Food Banks
VALLEY FORGE, Pa.–(BUSINESS WIRE)–UGI Corporation announced today that members of its leadership team and board of directors will donate more than $350,000 to food banks serving communities across Pennsylvania.
The amounts to be donated include the equivalent of 30% of 90 days’ base compensation for the chief executive officer and directors and 20% of base compensation for other senior executives, together with contributions from other officers. In addition, the Company is inviting employees at multiple locations to participate through “virtual” food drives.
These individual contributions are in addition to $200,000 in donations made in April by the Company and its affiliates, UGI Utilities, Inc. and UGI Energy Services, LLC to food banks and community funds to assist individuals and families needing food support and other assistance.
“UGI is committed to the many communities we serve, and I’m very proud of the tireless efforts of our employees to continue to provide safe and reliable service,” said John L. Walsh, UGI Corporation President and Chief Executive Officer. “Our communities are under extreme stress due to the effects of the COVID-19 pandemic. Our hope is that this additional action taken by our executives and directors helps alleviate some of the hardship experienced by so many who cannot work right now due to the pandemic.”
The donation will be distributed among three food banks, including:
- The Central Pennsylvania Food Bank, which serves 27 counties across central Pennsylvania.
- Helping Harvest, which distributes food to more than 300 charitable food program partners in Berks and Schuylkill Counties.
- Philabundance, serving the City of Philadelphia and Philadelphia County, as well as the counties of Bucks, Chester, Delaware and Montgomery.
“During the COVID-19 emergency, UGI continues to provide safe and reliable natural gas and electric utility service to our customers in Pennsylvania, as well as LPG to customers in all 50 states and 17 countries in Europe,” added John Walsh. “All of us at UGI are hopeful that our efforts help our customers and the communities we serve as they confront the challenges brought on by COVID-19.”
About UGI Corporation
UGI Corporation is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, distributes LPG both domestically (through AmeriGas) and internationally (through UGI International), manages midstream energy assets in Pennsylvania, Ohio, and West Virginia and electric generation assets in Pennsylvania, and engages in energy marketing in eleven states, the District of Columbia and internationally in France, Belgium, the Netherlands and the UK.
Comprehensive information about UGI Corporation is available on the Internet at https://www.ugicorp.com.
UGI Utilities – Joseph Swope (610) 796-3463
UGI Energy Services – Keith Dorman (610) 796-3485
Investor Relations – Brendan Heck (610) 456-6608