#USA #Chesapeake Utilities #Dover, Delaware #Michael Galtman #Melissa Barnes

Chesapeake Utilities Strengthens Leadership Team

On April 1, 2026, Chesapeake Utilities Corporation (NYSE: CPK) made a significant announcement regarding its leadership structure, aimed at fostering operational excellence and long-term growth. The utility company appointed Michael Galtman as the Chief Transformation Officer and elevated Melissa Barnes to the role of Chief Accounting Officer.

Leadership Changes

Effective immediately, Michael Galtman, previously serving as the Senior Vice President and Chief Accounting Officer, is tasked with overseeing the company's enterprise resource plan (ERP) implementation. This major project is designed to enhance technology systems supporting efficient and cost-effective operations. Additionally, Galtman will continue managing essential financial planning, corporate development, tax, and treasury functions.

In conjunction with Galtman's new role, Melissa Barnes has been appointed vice president and chief accounting officer, effective from March 30, 2026. She will manage the company’s accounting and financial reporting functions, bringing over 20 years of experience in technical accounting and finance to her new position.

Vision for Growth

Jeff Sylvester, Senior Vice President and incoming Chief Financial Officer, emphasized how these appointments align with Chesapeake Utilities’ long-term growth strategy and transformative vision. He remarked,

"These appointments reflect our focus on transformative growth and our long-term succession planning efforts. Mike's deep understanding of our business and strategic financial expertise will be key to the implementation of technology systems that will support efficient and affordable operations, while Melissa's experience will ensure continued strength in financial controls, risk management and reporting.”

Galtman’s extensive background over two decades includes financial leadership within various publicly traded and regulated sectors of the energy industry. His journey at Chesapeake Utilities began in 2019, during which he played a pivotal role in addressing complex accounting, regulatory, and governance issues. Notably, he was essential during the acquisition of Florida City Gas that occurred in late 2023.

Backgrounds of the New Leaders

Before joining Chesapeake Utilities, Galtman accumulated substantial experience at Sunoco Logistics and MBNA, where he was involved in integrating nearly $3 billion in acquisitions and leading an SAP system implementation—showcasing his capacity in handling substantial financial transactions and processes. He holds a Bachelor of Science in Accounting from Rutgers University and is a Certified Public Accountant.

Melissa Barnes, who is also a certified public accountant and a member of the American Institute of Certified Public Accountants, brings a wealth of expertise to her role. She has had extensive experience in technical accounting, external reporting, and managing large-scale finance transformations. Her most recent position was as an assistant controller at a global public company, where she oversaw accounting operations and facilitated communications with the Audit Committee. Barnes's academic credentials include a Bachelor of Science in Accounting from West Chester University of Pennsylvania, and she has attended executive education programs at the Yale School of Management.

Company Overview

Chesapeake Utilities Corporation is a multifaceted energy delivery company that provides sustainable energy solutions, primarily engaged in natural gas transmission, electricity generation, propane distribution, and other utility services. As a publicly traded entity on the NYSE (CPK), it continuously endeavors to adapt and grow in response to changing market dynamics, emphasizing operational efficiency and customer satisfaction. For more insights on their strategies and business updates, visit Chesapeake Utilities' official website.

Closing Thoughts

The strategic appointment of Galtman and Barnes underscores Chesapeake Utilities’ commitment to innovation and robust financial management. As the energy sector continues to evolve, the leadership team's experience and strategic vision will play a crucial role in steering the company towards future success while enhancing value for stakeholders.