Energy veteran Kenneth Hartwick joins PPL (NYSE: PPL) Board as independent director
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
PPL Corporation has elected veteran energy executive Kenneth M. Hartwick to its Board of Directors, effective July 1, 2026. He will serve on the Board’s People and Compensation Committee and Finance Committee and will receive the same compensation as other non-employee directors.
The Board determined that Hartwick meets its independence guidelines and the New York Stock Exchange independence rules. With his appointment, PPL’s Board will have 10 directors, including eight independent directors, an independent Chair and PPL’s president and chief executive officer.
Hartwick brings extensive utility and energy experience, including service as president and chief executive officer of Ontario Power Generation from 2019 to 2025, prior CFO and strategy roles there, and board roles at MYR Group Inc., Denison Mines Corp., the Independent Electricity System Operator of Ontario and the Investment Management Corporation of Ontario.
Positive
- None.
Negative
- None.
8-K Event Classification
3 items: 5.02, 7.01, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Effective date of appointment: July 1, 2026
Board size after appointment: 10 directors
Independent directors: 8 independent directors
+3 more
6 metrics
Effective date of appointment
July 1, 2026
Hartwick elected director effective this date
Board size after appointment
10 directors
Total PPL directors with Hartwick joining
Independent directors
8 independent directors
Independents on PPL’s Board in addition to Chair and CEO
Customers served
More than 3.6 million
Electric and natural gas customers in the U.S.
Assets managed by IMCO
Over $90 billion
Assets managed by Investment Management Corporation of Ontario
Ontario Power Generation CEO tenure
2019 to 2025
Period Hartwick served as president and CEO
Key Terms
Regulation FD Disclosure, independence, People and Compensation Committee, emerging growth company, +1 more
5 terms
Regulation FD Disclosure regulatory
"Item 7.01 Regulation FD Disclosure On June 30, 2026, the Company issued a press release"
Regulation FD disclosure requires public companies to share important, market-moving information with everyone at the same time instead of tipping off analysts or large investors first. Think of it as making sure all players on a field hear the same announcement simultaneously; that fairness helps investors trust that stock prices reflect the same information and reduces the risk of sudden, unfair trading advantages or regulatory penalties for selective leaks.
independence governance
"The Board has determined that Mr. Hartwick satisfies the requirements for "independence" as set forth in the Company's Independence Guidelines"
People and Compensation Committee governance
"Mr. Hartwick will serve on the People and Compensation Committee and Finance Committee of the Board"
emerging growth company regulatory
"405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 ... Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Independent Electricity System Operator of Ontario technical
"and is Chair of the Independent Electricity System Operator of Ontario"
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 30, 2026
Commission File Number | Registrant; State of Incorporation; Address and Telephone Number | IRS Employer Identification No. | |||||||||||||||
| (Exact name of Registrant as specified in its charter) | |||||||||||||||||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol: | Name of each exchange on which registered | ||||||
Junior Subordinated Notes of PPL Capital Funding, Inc. | ||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Section 5 - Corporate Governance and Management
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Election of Director
On June 30, 2026, the Board of Directors ("Board") of PPL Corporation ("PPL" or the "Company") elected Kenneth M. Hartwick a director of the Company, effective July 1, 2026.
Mr. Hartwick has been a member of the board of directors for MYR Group Inc., a publicly traded company specializing in electrical construction services, including transmission and distribution lines, substations, commercial and industrial buildings, and renewable energy, since 2015. He has held the position of Chairman of the Board at MYR Group since 2018 and is a member of the audit committee. In addition, Mr. Hartwick serves as a director for Denison Mines Corp., a Canadian publicly traded uranium exploration and development company, where he is a member of the audit committee. He also serves on the board of the Investment Management Corporation of Ontario, an independent Canadian institutional investor managing over $90 billion in assets on behalf of Ontario's public sector and is Chair of the Independent Electricity System Operator of Ontario.
From 2019 to 2025, Mr. Hartwick served as the president and chief executive officer for Ontario Power Generation, a provincial owner of power generation in Ontario, Canada. He also served as their senior vice president of Finance, Strategy, Risk and chief financial officer. Prior to Ontario Power, Mr. Hartwick was the chief financial officer of Wellspring Financial Corporation, a Canadian sales financing company, and held the positions of chief executive officer and chief financial officer at Just Energy Group, Inc., chief financial officer at Hydro One Limited, and partner at Ernst & Young, LLP.
Mr. Hartwick will serve on the People and Compensation Committee and Finance Committee of the Board. The Board has determined that Mr. Hartwick satisfies the requirements for "independence" as set forth in the Company's Independence Guidelines and the applicable rules of the New York Stock Exchange.
As a non-employee director, Mr. Hartwick will receive the same compensation paid to other non-employee directors of PPL in accordance with the policies and procedures previously approved by the Board for non-employee directors. There are no arrangements or understandings pursuant to which Mr. Hartwick was elected, and there are no relationships or related transactions between the Company and Mr. Hartwick requiring disclosure under applicable Securities and Exchange Commission rules. Because the Board is declassified, all directors, including Mr. Hartwick, stand for election annually at the Company's annual meeting of shareholders.
Section 7 - Regulation FD
Item 7.01 Regulation FD Disclosure
On June 30, 2026, the Company issued a press release announcing Mr. Hartwick's election. A copy of that press release is furnished as Exhibit 99.1 to this Report.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits
| (d) | Exhibits | ||||||||||||||||
99.1 - | June 30, 2026 press release announcing the election of Kenneth M. Hartwick as a director of PPL Corporation. | ||||||||||||||||
| 104 - | Cover Page Interactive Data File (the Cover Page Interactive Data File is embedded within the Inline XBRL document). | ||||||||||||||||
As provided in General Instruction B.2 of Form 8-K, the information contained in Item 7.01 of this Form 8-K shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall any such information be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| PPL CORPORATION | |||||||||||
| By: | /s/ Marlene C. Beers | ||||||||||
| Marlene C. Beers Vice President and Controller | |||||||||||
Dated: June 30, 2026
| Exhibit 99.1 | ||||||||
| news release |  | |||||||
| www.pplnewsroom.com | ||||||||
| Contacts: | For news media: Ryan Hill, 610-774-4033 | ||||
Ken Hartwick, former Ontario Power Generation CEO, to join PPL Board of Directors
ALLENTOWN, Pa. (June 30, 2026) - PPL Corporation (NYSE: PPL) today announced that Kenneth M. Hartwick, a veteran energy industry executive, will join its Board of Directors, effective July 1, 2026. He will serve on the People and Compensation Committee and Finance Committee of the Board. With Hartwick’s appointment, PPL’s board continues to reflect a broad mix of skills and experiences aligned with the company’s strategic priorities.
“Ken’s deep experience across the energy sector, including his leadership as both a utility CEO and CFO, will further strengthen our board,” said Craig A. Rogerson, independent Chair of PPL’s Board of Directors. “His strategic insight, financial and risk management expertise, and experience overseeing large-scale generation and infrastructure investments will be invaluable as we continue to execute our strategy and deliver for our customers and shareowners.”
Hartwick most recently served as president and chief executive officer of Ontario Power Generation from 2019 to 2025, during which he led the company’s strategic growth and operational performance, including oversight of major generation investments; nuclear, natural gas combined-cycle, hydroelectric and solar operations; and energy transition initiatives. Prior to that, he served as Ontario Power’s chief financial officer and held executive leadership roles at Wellspring Financial Corporation, Just Energy Group and Hydro One. He began his career with Ernst & Young, where he became a partner advising clients in the energy and utilities sector.
Hartwick currently serves on the boards of MYR Group Inc., where he is board chair, Denison Mines Corp., Independent Electricity System Operator of Ontario and the Investment Management Corporation of Ontario.
With Hartwick’s appointment, PPL’s board will consist of 10 directors. In addition to Rogerson as independent Chair, the board includes eight other independent directors and PPL’s president and chief executive officer.
About PPL
PPL Corporation (NYSE: PPL), headquartered in Allentown, Pennsylvania, is a leading U.S. energy company focused on providing electricity and natural gas safely, reliably and affordably to more than 3.6 million customers in the U.S. PPL’s high-performing, award-winning utilities are addressing energy challenges head-on by building smarter, more resilient and more dynamic power grids and advancing sustainable energy solutions. For more information, visit www.pplweb.com.
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FAQ
What did PPL (PPL) announce regarding its Board of Directors?
PPL Corporation announced the election of Kenneth M. Hartwick to its Board of Directors, effective July 1, 2026. He will serve on the People and Compensation Committee and the Finance Committee, and will receive the same compensation as other non-employee directors under existing Board policies.
Who is Kenneth M. Hartwick, the new PPL (PPL) director?
Kenneth M. Hartwick is a veteran energy industry executive and former president and chief executive officer of Ontario Power Generation from 2019 to 2025. He previously served as CFO at Ontario Power, Hydro One and Just Energy, and began his career as a partner at Ernst & Young.
Is Kenneth M. Hartwick considered an independent director at PPL (PPL)?
Yes, PPL’s Board determined that Kenneth M. Hartwick satisfies its independence guidelines and New York Stock Exchange independence rules. As a result, he joins the company’s group of independent directors, supporting the Board’s governance structure alongside its independent Chair and executive representation.
On which committees will Kenneth M. Hartwick serve at PPL (PPL)?
Kenneth M. Hartwick will serve on PPL’s People and Compensation Committee and its Finance Committee. These assignments align with his experience in financial management, risk oversight and large-scale energy infrastructure, adding sector-specific insight to key Board committees responsible for compensation and capital-related matters.
How does Kenneth M. Hartwick’s appointment change the size of PPL (PPL)’s Board?
With Kenneth M. Hartwick’s appointment, PPL’s Board will consist of 10 directors. The Board will include an independent Chair, eight other independent directors and PPL’s president and chief executive officer, reflecting a predominantly independent governance structure with annual elections for all directors.
What other boards and roles does Kenneth M. Hartwick hold alongside his PPL (PPL) directorship?
Kenneth M. Hartwick serves on the boards of MYR Group Inc., Denison Mines Corp., the Independent Electricity System Operator of Ontario and the Investment Management Corporation of Ontario. At MYR Group, he is Chair of the Board and a member of the audit committee, bringing broad oversight experience.
What is PPL (PPL)’s core business as described in the disclosure?
PPL Corporation is described as a leading U.S. energy company providing electricity and natural gas to more than 3.6 million customers. Headquartered in Allentown, Pennsylvania, its utilities focus on building smarter, more resilient power grids and advancing sustainable energy solutions across its service territories.