Joseph L. Welch
As Chairman, President and Chief Executive Officer, Mr. Welch is responsible for the strategic vision and overall business operation of ITC Holdings and its subsidiaries. Under Mr. Welch's leadership, ITC and its subsidiaries have been singularly focused on investing in the high-voltage transmission system in order to provide best-in-class service to customers and pursuing transmission infrastructure improvements that will increase reliability, reduce constraints and lower the total cost of delivered energy. Mr. Welch is a leading voice in energy policy development that will support an evolving energy future and national economic development.
Since the beginning of his career in the utility business in 1971, Mr. Welch has held positions of increasing responsibility in the electricity transmission, distribution, rates, load research, marketing, pricing, and regulatory affairs that included the development and implementation of regulatory strategies. He established ITCTransmission as a stand-alone entity from its parent corporation in 2003 in Michigan and, as the largest fully independent transmission company in America, ITC and its subsidiaries now span across a seven state region.
Mr. Welch has a Bachelor of Science degree in Electrical Engineering from the University of Kansas and is a licensed professional engineer in the state of Michigan.
Mr. Welch is the Chairman of the Board of Directors of the Detroit Regional Chamber of Commerce and recently served as Chairman of its 2013 Mackinac Policy Conference. He is a member of the Board of Directors of the Detroit Economic Club. He also is a member of Business Roundtable, the Council on Competitiveness and the Advisory Board of the University of Kansas' College of Engineering. Mr. Welch also is the co-author of Competitive Energy Markets: The Power of Choice.
Christopher H. Franklin
Mr. Franklin is President and Chief Operating Officer, Regulated Operations at Aqua America, Inc. (NYSE: WTR), a water and wastewater utility holding company. Franklin has served in a variety of operations, customer service and public affairs positions since joining Aqua America in 1993. Previously, he served as regional civic and economic development officer for Peco Energy (Exelon). He began his career as congressional aide to U.S. Congressman Richard Schulze. He later was appointed by the majority leader of the Pennsylvania House of Representatives to serve as a director on the Southeastern Pennsylvania Transportation Authority (SEPTA).
Edward G. Jepsen
Mr. Jepsen is Chairman and CEO of Coburn Technologies, Inc., a privately held manufacturer and servicer of ophthalmic lens processing equipment. Mr. Jepsen currently serves as a director and is chair of the audit committee and a member of the nominating and corporate governance committee of the board of directors of Amphenol Corporation, a publicly traded manufacturer of electrical, electronic and fiber optic connectors, interconnect systems and cable. Previously, Mr. Jepsen served as Executive Vice President and Chief Financial Officer of Amphenol Corporation from 1989 to 2004. Prior to joining Amphenol Corporation, Mr. Jepsen worked at Price Waterhouse LLP from 1969 to 1988, ultimately attaining the position of partner.
Mr. Jepsen graduated from Antioch College in 1966 and received an MBA from the Harvard Business School in 1968.
William J. Museler
Mr. Museler comes to ITC Holdings Corp. from his previous position as President and CEO of the New York Independent System Operator (NYISO). Prior to his service at NYISO, Mr. Museler held senior positions at the Tennessee Valley Authority (TVA), Long Island Lighting Company (LILCO), and Brookhaven National Laboratory. He has served as a federal representative for the North American Electric Reliability Council (NERC) and as chairman of the Southeastern Electric Reliability Council (SERC). He was a member of the Secretary of Energy's Energy Advisory Board (EAB) from 2001 to 2005 and is currently a director of the Independent Electric System Operator in Toronto, Ontario, Canada.
A graduate of the Pratt Institute with a Bachelor of Science in Engineering Science, Mr. Museler also holds a Master of Science degree in Mechanical Engineering from Worcester Polytechnic Institute.
Hazel R. O'Leary
Ms. Hazel R. O'Leary brings extensive federal utility experience to the ITC board. She served as President of Fisk University in Nashville, Tenn. from 2004 to February 2013. She also served as Secretary of Energy under President William Clinton from 1993 to 1997, where she managed 120,000 employees and an annual $21 billion annual budget.
In addition to ITC's board, Ms. O'Leary also serves on the boards of directors of the Nashville Alliance for Public Education, Nashville Business Community for the Arts, World Wildlife Fund, Arms Control Association and CAMAC Energy, Inc.
Ms. O'Leary graduated from Fisk University and obtained a law degree from Rutgers University.
Thomas G. Stephens
Mr. Stephens is the retired Vice Chairman and Global Chief Technology Officer of General Motors Company. He was a member of GM's executive committee and reported to CEO Daniel Akerson. Mr. Stephens previously served as Vice Chairman, Global Product Operations and oversaw GM's global purchasing organization.
Mr. Stephens began his career with GM in 1969 as an hourly employee at the Chevrolet Engineering Center in Warren, Mich., under the University of Michigan's student co-op program. Upon graduation, he became a junior engineer at the Cadillac Motor Car Division in Detroit. He went on to serve in various engineering and management positions and was elected a GM Vice President in 1994. Mr. Stephens was named a Group Vice President for GM Global Powertrain in 2001. His responsibilities were expanded to Group Vice President, GM Global Powertrain and Global Quality in 2007. He was promoted to Executive Vice President of GM Global Powertrain and Global Quality in 2008. Mr. Stephens was named Vice Chairman, Global Product Development and Global Product Operations for General Motors Company in 2009. He Was appointed Vice Chairman and Chief Technology Officer in 2011. Mr. Stephens retired from General Motors in April 2012.
G. Bennett Stewart III
Mr. Stewart is currently CEO of EVA Dimensions, a firm that offers corporate financial benchmark data, software tools for corporate financial intelligence, performance management, valuation modeling and executive decision support, and equity research services.
Mr. Stewart has written and lectured widely in his 30 year professional career on topics such as accounting for value and management incentive plans.
Mr. Stewart is a 1974 graduate of Princeton University in electrical engineering and 1976 graduate of the University of Chicago Graduate School of Business MBA program.
Lee C. Stewart
Mr. Stewart currently serves as a director of AEP Industries, Inc. where he is a member of the audit committee and Chair of the compensation committee. He also serves as a director of P.H. Glatfeiter Company, where he is a member of the finance committee and chair of the compensation committee. Previously, Mr. Stewart was Executive Vice President and Chief Financial Officer of Foamex International, Inc. and was Vice President responsible for all areas of Treasury at Union Carbide Corp.
Mr. Stewart graduated from University of Pennsylvania in 1971 and received a Masters degree in International Management from the American Graduate School in 1973.