WGL finance chief retires

The Washington Business Journal reports that Fred Kline, Washington Gas CFO, is retiring effective Sept. 29 and Vincent Amman Jr. will become the new CFO on Sept. 30. Here's a quote from the article:

After 28 years with the company, WGL Holdings CFO Frederic M. Kline is stepping down.

WGL, parent company of Washington Gas Light, says Kline will relinquish the CFO title effective Sept. 29, and retire in February.

The company has promoted Vice President for Finance Vincent Amman Jr. to finance chief, effective Sept. 30.

Washington Gas cuts loss

A recent Washington Business Journal article states Washington Gas was able to lower its quarterly losses by almost $6 million. Here's a quote from the article:

The D.C.-based parent of Washington Gas & Light reported a fiscal third quarter net loss of $1.8 million, or 4 cents per share, compared with a net loss of $8.2 million, or 17 cents per share in the same quarter a year ago. WGL typically reports losses in the summer quarters because of lower seasonal demand for natural gas.