Sempra (NYSE: SRE) announced two executive leadership changes set to take effect upon the expected closing of its Sempra Infrastructure sale in the third quarter of 2026.

Karen Sedgwick, currently executive vice president and chief financial officer of Sempra, will become chief executive officer and president of Southern California Gas Company (SoCalGas). She brings more than 30 years of experience at Sempra and will also continue to serve on the SoCalGas board of directors.

Justin Bird, currently executive vice president of Sempra and chief executive officer of Sempra Infrastructure, will move into the role of executive vice president and CFO of Sempra. Bird has more than 20 years of experience at the company, with prior roles spanning treasury, financial planning, corporate development, and legal. He will also retain board seats at Sempra Infrastructure and Oncor Electric Delivery Company LLC.

The leadership changes are tied to Sempra's September 2025 agreement to sell a 45% equity interest in Sempra Infrastructure Partners to affiliates of KKR in a transaction valued at approximately $10 billion before adjustments, implying an equity value of roughly $22.2 billion for Sempra Infrastructure. Upon closing, KKR affiliates will hold a 65% stake, Sempra will retain 25%, and an affiliate of Abu Dhabi Investment Authority will hold the remaining 10%.

Bob Patel was previously announced as incoming chief executive officer of Sempra Infrastructure, effective upon close.

"Our board has great confidence in both Karen and Justin and the leadership they will bring to their new roles," said Jeffrey W. Martin, chairman and chief executive officer of Sempra.

Sempra said the transaction is expected to result in approximately 95% of its earnings coming from regulated U.S. utilities in 2027 and is projected to eliminate the need for common equity issuances in its 2026–2030 base capital plan.