ITC Holdings Corp. CFO resigns

ITC Holdings Corp. (ITC) said Cameron M. Bready, executive vice president and CFO, will resign from the company effective June 20, 2014 to accept a senior leadership position with a technology firm based in Atlanta, Ga. Rejji P. Hayes, the current vice president of finance and treasurer of ITC, has been named the company's interim CFO.

Hayes is currently responsible for all treasury and cash management activities, financial planning and analysis, management reporting, and risk management and insurance functions of the company and will provide continued financial leadership. Terry S. Harvill, Ph.D., who is vice president of ITC Grid Development, will continue to oversee the company's grid development activities.

During this time of transition, both Hayes and Harvill will report to Joseph L. Welch, chairman, president and CEO of ITC.

Welch said, "On behalf of the board of directors and the entire company, I want to thank Cameron for his outstanding work and leadership in continuing the growth and success of ITC. I wish Cameron continued success in his future endeavors, and wish him and his family well as they return home to Atlanta. We have a strong leadership team in place at ITC and we will continue to implement our strategic plan."

Bready said, "I have truly enjoyed my time and experience at ITC as we have built the leading independent transmission company in the industry today. It has been a privilege to serve as ITC's CFO and I appreciate the company's understanding and respect for my desire to pursue a new career opportunity. I look forward to seeing the company continue to build on its successful track record of executing on its plans and expanding the business and remain very confident in its future prospects."

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