Fortis, Inc. has announced the retirement of Stanley Marshall, president and CEO of the company, and succession of vice president of finance and CFO, Barry Perry, as CEO, effective December 31, 2014. Mr. Marshall's career with Fortis spans 35 years and he has been at the helm as President and CEO for more than 18 years. As part of the transition process, Mr. Marshall will relinquish his role as President to Mr. Perry on June 30, 2014.

Mr. Marshall, 63, has led Fortis since 1996 when he was appointed President and CEO.