Centuri Appoints Jason Lentz as Senior Vice President of Fleet and Procurement

Centuri Holdings (NYSE:CTRI), a North American utility infrastructure services company, has appointed Jason Lentz as Senior Vice President of Fleet and Procurement, effective August 11.

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07/28/2025 - 08:30 AM EDT

PHOENIX--(BUSINESS WIRE)-- Centuri Holdings, Inc. (NYSE: CTRI) (“Centuri” or the “Company”), a leading, North American utility infrastructure services company, today announced the appointment of Jason Lentz as Senior Vice President of Fleet and Procurement, effective August 11.

Jason Lentz joins Centuri as SVP Fleet and Procurement

In this critical role, Mr. Lentz will drive Centuri’s enterprise-wide fleet and sourcing strategy, focusing on maximizing equipment utilization and improving capital efficiency in alignment with the Company’s objectives. With more than $1 billion in fleet assets across its operating companies, Centuri is advancing a disciplined capital allocation strategy that balances ownership and leasing to ensure flexibility, financial strength, and operational readiness to serve its growing customer base. Mr. Lentz will lead this effort, designing and implementing programs that reduce capital intensity and leverage the company’s scale to drive cost-efficient solutions.

Mr. Lentz brings nearly three decades of experience in the energy and construction sectors, including transformational roles at Fortune 500 companies. Most recently he served as Vice President of Supply Chain at Michels Corporation, where he managed the strategic utilization of 17,000 fleet assets globally. During his tenure, he implemented a unified fleet cost structure underpinned by data analytics to drive utilization insights and enhance fleet efficiency. Prior to Michels, he held leadership positions at Quanta Services, InfraSource LLC and ABBY Construction, with a consistent focus on fleet strategy, procurement optimization, and safety.

“Our fleet is one of our most critical business assets. Bringing in a senior leader of Jason’s caliber further enables us to strengthen our balance sheet through a disciplined capital allocation strategy that includes our fleet management program,” said Centuri President and CEO Christian Brown. “Jason’s proven track record of transforming fleet operations, and his data-driven approach to asset management will accelerate our ability to deliver enhanced shareholder value while maintaining our commitment to exceptional customer service.”

About Centuri

Centuri Holdings, Inc. is a strategic utility infrastructure services company that partners with regulated utilities to build and maintain the energy network that powers millions of homes and businesses across the United States and Canada.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements can often be identified by the use of words such as “will,” “predict,” “continue,” “forecast,” “expect,” “believe,” “anticipate,” “outlook,” “could,” “target,” “project,” “intend,” “plan,” “seek,” “estimate,” “should,” “may” and “assume,” as well as variations of such words and similar expressions referring to the future. Forward-looking statements could include (without limitation) statements regarding our confidence in our prospects to deliver value for our stockholders as an independent standalone company and our expectation to continue to build on our track record of delivering consistent growth by serving our customers across the utility value chain. A number of important factors affecting the business and financial results of Centuri could cause actual results to differ materially from those stated in any forward-looking statements. These factors include, but are not limited to, capital market risks and the impact of general economic or industry conditions. Factors that could cause actual results to differ also include (without limitation) those discussed in Centuri’s filings filed from time to time with the SEC. The statements in this press release are made as of the date of this press release, even if subsequently made available by Centuri on its website or otherwise. Centuri does not assume any obligation to update any forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise.