NOVI – ITC Holdings Corp. has promoted Gretchen Holloway to senior vice president and chief financial officer. She is responsible for the company’s accounting, internal audit, treasury, financial planning and analysis, management reporting, risk management, and tax functions of the company.
“Gretchen provides significant financial leadership to ITC, and in filling this key role she will continue to help chart our company’s business strategy,” said Linda Blair Apsey, president and chief executive officer. “Gretchen’s deep understanding of ITC’s financial organization and our unique position in the utility industry is invaluable to us.”
Holloway previously served as vice president, Finance and Treasurer, responsible for Financial Planning and Analysis, Investor Relations, Risk Management and Treasury. Ms. Holloway has extensive experience in finance including financial planning and analysis, investor relations, and mergers and acquisitions. Prior to joining ITC, Holloway held various finance positions at CMS Energy and served as a financial consultant at Arthur Andersen.
Holloway is a member of the Audit Committee for the Children’s Hospital of Michigan Foundation, a non-profit dedicated to improving the health and wellness of children by raising and granting philanthropic resources.
Holloway holds a Bachelor in Business Administration degree in finance from Western Michigan University. ITC, a Fortis company, is the largest independent electricity transmission company in the United States. Based in Novi, ITC invests in the electric transmission grid to improve reliability, expand access to markets, allow new generating resources to interconnect to its transmission systems and lower the overall cost of delivered energy.
Through its regulated operating subsidiaries ITC Transmission, Michigan Electric Transmission Company, ITC Midwest and ITC Great Plains, ITC owns and operates high-voltage transmission infrastructure in Michigan, Iowa, Minnesota, Illinois, Missouri, Kansas and Oklahoma, and in development in Wisconsin.
These systems serve a combined peak load exceeding 26,000 megawatts along approximately 15,800 circuit miles of transmission line, supported by 660 employees and nearly 1,000 contractors across our expanding footprint. ITC’s grid development focus includes growth through regulated infrastructure investment as well as domestic and international expansion through merchant and other commercial development opportunities. Additional information can be accessed at www.itc-holdings.com.