UGI Chief Financial Officer Peter Kelly to retire in 2011

UGI CFO Peter Kelly to retire in 2011

VALLEY FORGE, Pa. — Utility and energy holding company UGI Corp. said Tuesday that Peter Kelly, vice president of finance and chief financial officer, plans to retire in early 2011.

Kelly, 53, joined UGI in 2007, having previously served as executive vice president and CFO of chipmaker Agere Systems, Inc.

The company has not named a successor but said it will do so before Kelly leaves.

Shares of UGI fell 73 cents, or 2.7 percent, to $25.87 in late morning trading amid a broader market decline.