Sempra Reshuffles Executive Suite Ahead of Infrastructure Sale

Karen Sedgwick, currently executive vice president and chief financial officer, will transition to lead the Southern California Gas Company as its chief executive officer and president. Her three-decade tenure within the Sempra family positions her to manage the nation’s largest gas distribution utility during a period of intense regulatory and operational scrutiny.

Justin Bird, who currently oversees Sempra Infrastructure as its chief executive officer, will step into the corporate CFO role at Sempra. Bird’s background in capital markets is expected to be instrumental as the company shifts its financial strategy. Following the anticipated closing of the $22.2 billion infrastructure deal, Sempra projects that 95% of its earnings will stem from regulated U.S. utility operations by 2027. This reorganization is intended to streamline the company's capital allocation and remove the necessity for common equity issuances through 2030.