ITC Holdings Appoints Rejji Hayes As EVP And CFO, Effective Immediately

(RTTNews) - Electric transmission company ITC Holdings Corp. (ITC), which is in deal to be bought by Fortis Inc. in $11.3 billion deal, Wednesday announced that Rejji Hayes has been promoted to executive vice president and chief financial officer.

Hayes continues to be responsible for the company's accounting, internal audit, investor relations, treasury, financial planning and analysis, management reporting, mergers and acquisitions, risk management, and tax functions of the company.

Before joining ITC as vice president, Finance and Treasurer in 2012, Hayes was assistant treasurer and director, Corporate Finance and Financial Strategy at Exelon Corp. in Chicago. He also served as vice president, Mergers and Acquisitions at Lazard Freres & Co. LLC.

Separately, ITC said it has implemented organizational changes, appointing chief business unit officer, and chief administrative officer.

According to the firm, the recent leadership changes are the latest step in an ongoing organizational development process to enhance its focus on its business units.

Effective immediately, and reporting to president, chairman and CEO Joseph Welch, the company named Linda Blair, executive vice president and chief business unit officer. Daniel Oginsky has been appointed executive vice president and chief administrative officer.

Jon Jipping remains executive vice president and chief operating officer and will retain all of his current functional responsibilities.