ITC Holdings Corp. announced that Gretchen Holloway has been appointed Treasurer. Holloway’s new title is Vice President, Finance and Treasurer.
Holloway is now responsible for treasury along with financial planning and analysis, and risk management functions.
“Gretchen has contributed strong financial leadership to ITC, and this appointment will enable her to further support our business strategy,” said Rejji Hayes, senior vice president and chief financial officer. “ITC is fortunate to have a strong leadership team in place and bench strength to support the organization.”
Holloway has extensive experience in finance including financial planning and analysis, investor relations, and mergers and acquisitions. She also has served as a director within ITC’s grid development organization. Holloway holds a Bachelor in Business Administration degree in finance from Western Michigan University. Prior to joining ITC, she held various finance positions at CMS Energy and served as a consultant at Arthur Andersen.
ITC Holdings Corp. (NYSE: ITC) is the nation’s largest independent electric transmission company. Based in Novi, Michigan, ITC invests in the electric transmission grid to improve reliability, expand access to markets, lower the overall cost of delivered energy and allow new generating resources to interconnect to its transmission systems. ITC owns and operates high-voltage transmission facilities in Michigan, Iowa, Minnesota, Illinois, Missouri, Kansas and Oklahoma, serving a combined peak load exceeding 26,000 megawatts along approximately 15,600 circuit miles of transmission line.
Last week, the company confirmed it was seeking strategic alternatives, including a possible buyer.