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DOVER, Del. - Chesapeake Utilities Corporation (NYSE:CPK) has appointed Abhijit Bhatwadekar as the company’s vice president and chief information officer (CIO), with his tenure set to begin on June 13, 2025. Bhatwadekar’s role will encompass leading the company’s technology strategy and operations, including oversight of IT infrastructure, enterprise applications, cybersecurity, data management, and vendor partnerships.
The announcement comes as Chesapeake Utilities continues to prioritize its growth strategy and digital transformation. Bhatwadekar’s appointment is expected to strengthen the alignment of the company’s technology initiatives with its broader business objectives. Jeff Householder, president and CEO of Chesapeake Utilities, highlighted Bhatwadekar’s extensive experience and operational excellence as key reasons for his selection, noting that his strategic approach and leadership skills will support the company’s ongoing business transformation efforts.
Bhatwadekar joins Chesapeake Utilities from PPL Corporation, having previously held the position of vice president of data analytics and customer experience. His career includes significant roles at Gallagher and Nielsen, where he was responsible for leading technology teams and initiatives, launching analytics platforms, and leveraging artificial intelligence and automation to enhance operational efficiency.
In his upcoming role at Chesapeake Utilities, Bhatwadekar will be part of the senior leadership team and act as a principal advisor to the Board on technology-related matters and cybersecurity risk management. His responsibilities will also include guiding the execution of the company’s IT roadmap, managing the IT project portfolio and budget, and implementing policies to ensure secure and innovative service delivery.
Chesapeake Utilities Corporation is a diversified energy delivery company engaged in natural gas transmission and distribution, electricity generation and distribution, and other energy-related services. The company maintains a solid 42% gross profit margin and generates $840 million in annual revenue. InvestingPro analysis reveals 8 additional key insights about CPK’s financial health and growth prospects, available in the comprehensive Pro Research Report, which provides detailed analysis of what really matters for investor decision-making. This appointment is based on a press release statement from Chesapeake Utilities Corporation.
In other recent news, Chesapeake Utilities Corporation reported its Q1 2025 earnings, revealing an adjusted earnings per share (EPS) of $2.22, which fell short of the forecasted $2.32. However, the company exceeded revenue expectations with $298.7 million, surpassing the anticipated $255.18 million. Despite the earnings miss, the revenue beat was significant, driven by strong natural gas demand. Chesapeake Utilities reaffirmed its full-year 2025 adjusted EPS guidance of $6.15 to $6.35, despite delays in the Worcester Resiliency Upgrade project. The company remains focused on strategic investments in infrastructure and technology as growth drivers. In terms of analyst activity, no specific upgrades or downgrades were mentioned, but the company’s reaffirmed guidance suggests confidence in its financial outlook. Chesapeake Utilities continues to manage potential risks, such as tariff impacts and regulatory changes, while maintaining a proactive approach to its growth strategy. These developments reflect the company’s ongoing efforts to navigate current market conditions effectively.
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