By Philadelphia Business Journal

UGI Corp. said Wednesday after the markets closed that François Varagne has resigned as chairman and CEO of its French propane distribution business, Antargaz.

The Valley Forge, Pa., company said in a press release that Varagne has been replaced by Eric Naddeo, whose title is director general of Antargaz.

UGI (NYSE:UGI) also owns 44 percent of U.S. propane distributor AmeriGas Partners LP (NYSE:APU) and an electric-and-gas utility.

Copyright 2011 American City Business Journals
Copyright 2010