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- Departure of CFO (new) — CFO Gregory Izenstark is departing and being replaced by Kelly Youngblood.
Centuri replaces CFO and Chief Legal Officer in leadership overhaul
Filed August 12, 2026 · Period ending August 12, 2026 · ~1 min read
Key Changes
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Kelly Youngblood appointed CFO, replacing Gregory Izenstark effective August 12. Youngblood previously served as CFO of MRC Global and brings 30+ years of energy services experience.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Danielle Hunter appointed Chief Legal & Administrative Officer, replacing Jason Wilcock. Hunter most recently served as President of Berry Corporation through its December 2025 acquisition.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Youngblood's compensation includes $680,000 base salary, 85% target bonus, and 225% annual long-term incentive target. Initial RSU grant worth $2,030,000 vests over three years.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Enhanced change-in-control severance for Youngblood: two times total target compensation plus full equity vesting and two years of benefits if terminated within 24 months of a change in control.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
Summary
Centuri executed a dual leadership change, replacing both its CFO and Chief Legal Officer effective August 12, 2026. Kelly Youngblood takes over as CFO from Gregory Izenstark, bringing three decades of energy services experience including recent roles as CFO of MRC Global and Executive Advisor to DNOW's CEO.
Danielle Hunter becomes Chief Legal & Administrative Officer, succeeding Jason Wilcock, after serving as President of Berry Corporation through its acquisition in December 2025. Both departing executives will receive termination-without-cause severance under their existing agreements.
CEO Christian Brown framed the appointments as critical to the company's transformation and Vision One Centuri strategy, stating the new leaders provide the financial acumen and strategic capabilities needed to drive operational excellence. The simultaneous replacement of two C-suite officers warrants attention to execution continuity and the circumstances behind the departures. Youngblood's compensation package totals $680,000 annually in target pay, with enhanced change-in-control protections worth roughly if triggered within 24 months of a transaction. Investors should monitor whether the leadership transition stabilizes or signals deeper operational challenges requiring a reset.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On August 11, 2026, the Board of Directors (the “Board”) of Centuri Holdings, Inc. (the “Company”) appointed Kelly Youngblood as Executive Vice President, Chief Financial Officer, replacing Gregory A. Izenstark, effective as of August 12, 2026 (the “Effective Date”).
Kelly Youngblood, age 60, was appointed CFO effective August 12, 2026, replacing Gregory Izenstark. Youngblood previously served as CFO of MRC Global Inc. from March 2020 to November 2025 and has held CFO roles at BJ Services and Diamond Offshore Drilling. Izenstark will receive termination without cause severance benefits under his existing employment agreement.
Added in current filing · verify on EDGAR →
Also, on August 11, 2026, the Board appointed Danielle Hunter as Executive Vice President, Chief Legal & Administrative Officer and Corporate Secretary, replacing Jason S. Wilcock, effective as of August 12, 2026.
Danielle Hunter was appointed Chief Legal & Administrative Officer and Corporate Secretary, replacing Jason Wilcock. Hunter most recently served as President of Berry Corporation from January 2023 through its acquisition in December 2025, and previously held general counsel roles at Berry and C&J Energy Services. Wilcock will receive termination without cause severance benefits under his existing employment agreement.
Event · Exhibit 99.1
Centuri appoints Kelly Youngblood as CFO and Danielle Hunter as Chief Legal & Administrative Officer, both effective immediately.
Added in current filing · verify on EDGAR →
Kelly Youngblood as Executive Vice President, Chief Financial Officer, succeeding Gregory A. Izenstark
Centuri appointed Kelly Youngblood as Executive Vice President and Chief Financial Officer, effective immediately, succeeding Gregory A. Izenstark. Youngblood brings over 30 years of experience in energy services and industrial distribution, most recently serving as Executive Advisor to the CEO of DNOW and previously as CFO of MRC Global until its merger with DNOW.
Added in current filing · verify on EDGAR →
Danielle Hunter as Executive Vice President, Chief Legal & Administrative Officer and Corporate Secretary, succeeding Jason S. Wilcock
Centuri appointed Danielle Hunter as Executive Vice President, Chief Legal & Administrative Officer and Corporate Secretary, effective immediately, succeeding Jason S. Wilcock. Hunter has over 15 years of public company executive leadership experience in the energy industry, most recently serving as President of Berry Corporation through its acquisition by California Resources Corporation in December 2025.
Added in current filing · view on EDGAR →
Enhancing our leadership is a critical step in our transformation. The appointments of Kelly and Danielle provide the leadership capabilities we need to meet and exceed the expectations we have set for ourselves and deliver the sustained performance our shareholders expect of us
CEO Christian Brown characterized the leadership changes as critical to the company's transformation and execution of its Vision One Centuri strategy. The appointments are positioned as bringing the financial acumen and strategic capabilities needed to drive operational excellence and growth as a fully integrated utility services organization.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 13, 2026 · How we verify