Centuri Holdings, Inc. filed an 8-K on August 12, 2026, disclosing the appointment of Kelly Youngblood as Executive Vice President and Chief Financial Officer and Danielle Hunter as Executive Vice President, Chief Legal & Administrative Officer and Corporate Secretary, both effective August 12, 2026.

Key Highlights

  • New CFO appointed: Kelly Youngblood, age 60, was appointed Executive Vice President and Chief Financial Officer, replacing Gregory A. Izenstark, effective August 12, 2026.
  • Base salary: Youngblood's employment agreement provides an annual base salary of $680,000.
  • Annual bonus target: Youngblood is eligible for an annual bonus with a target equal to 85% of base salary, prorated for 2026.
  • RSU grant: Youngblood will receive time-based restricted stock units with a grant date value of $2,030,000, vesting in equal installments on each of the first three anniversaries of the effective date.
  • New Chief Legal Officer: Danielle Hunter was appointed Executive Vice President, Chief Legal & Administrative Officer and Corporate Secretary, replacing Jason S. Wilcock, effective August 12, 2026.
  • Departing executives: The company expects to enter into severance agreements with both Izenstark and Wilcock providing termination-without-cause severance benefits under their existing employment agreements.

Centuri Holdings Discloses Dual Executive Leadership Changes Effective August 12, 2026

According to the filing, the Board of Directors of Centuri Holdings, Inc. (NYSE:CTRI) approved both appointments on August 11, 2026, with each taking effect the following day. Kelly Youngblood brings experience from several energy-sector companies, having most recently served as executive advisor to the chief executive officer of DNOW Inc. from November 2025 to March 2026, following DNOW's acquisition of MRC Global Inc. Before that, he served as executive vice president and chief financial officer of MRC from March 2020 to November 2025. Earlier roles cited in the filing include chief financial officer positions at BJ Services and Diamond Offshore Drilling, Inc., as well as finance and accounting roles at Halliburton, including vice president of investor relations. The filing notes that Youngblood is a Certified Public Accountant and holds a B.A. in Accounting from Cameron University.

Youngblood's employment agreement, as described in the filing, provides for an annual long-term incentive award target opportunity equal to 225% of base salary for each fiscal year beginning with 2027. Severance terms disclosed in the filing include, for termination without cause or resignation for good reason outside a change-in-control window, a lump sum equal to two times annual base salary and subsidized COBRA premiums for 24 months. Within 24 months of a change in control, the agreement provides for full vesting of outstanding equity awards and a lump sum equal to two times the sum of annual base salary, target annual bonus, and target long-term incentive award opportunity, among other benefits.

Danielle Hunter, the incoming Chief Legal & Administrative Officer, most recently served as President of Berry Corporation from January 2023 through its acquisition by California Resources Corporation in December 2025, according to the filing. She joined Berry in 2020 as Executive Vice President, General Counsel and Corporate Secretary. Prior roles cited include Executive Vice President, General Counsel, Chief Risk & Compliance Officer, and Corporate Secretary of C&J Energy Services, Inc. The filing also notes that Hunter currently serves on the Board of Directors of KLX Energy Services Holdings, Inc. and holds a Juris Doctor, with honors, from Tulane University Law School.

What Was Disclosed

Centuri Holdings disclosed the appointment of two new senior executives replacing their predecessors, along with the compensation terms of the new CFO's employment agreement and the company's expectation of entering into severance agreements with both departing officers.