PHOENIX, November 12, 2025 — Centuri Holdings, Inc. (NYSE: CTRI) (“Centuri” or the “Company”), a leading, North American utility infrastructure services company, today announced that it has appointed Dustin DeMaria, a Senior Analyst at Icahn Enterprises L.P. and Icahn Capital LP (collectively with certain affiliates thereof, “IEP”), to the Centuri Board of Directors, effective immediately, pursuant to a Director Appointment and Nomination Agreement with IEP.
Mr. DeMaria joins as an independent director and will stand for election at Centuri’s 2026 Annual Meeting of Shareholders. The Company has agreed to include Mr. DeMaria on its recommended slate of nominees for election at the meeting.
“We have enjoyed a constructive relationship with IEP since Centuri’s entrance into the public market last year. We welcome Dustin to the Board of Directors and look forward to harnessing his considerable market experience as we work together to deliver increasing value for all our shareholders,” said Chris Krummel, Chair of the Centuri Board of Directors.
IEP Chairman Carl C. Icahn stated, “This is an exciting moment for Centuri as it capitalizes on the unprecedented demand for power infrastructure across North America. We look forward to working closely with President and CEO Christian Brown, management, and the Board of Directors to create substantial long-term shareholder value.”
With the appointment of Mr. DeMaria, the Centuri Board of Directors has expanded to eight members, six of whom are independent, including the Board Chair.
Pursuant to the Director Appointment and Nomination Agreement, IEP has agreed to customary standstill, voting commitments and other provisions. Such agreement will be filed on a Form 8-K with the Securities and Exchange Commission (the “SEC”).