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PG&E utility names CEO; Noble Midstream general partner's CEO, COO step down

S&P Global Market Intelligence presents a weekly rundown of recent executive management, board and regulatory changes in the energy industry. The moves are listed by sector in reverse chronological order.


* Just Energy Group Inc. appointed Walter Higgins III an independent director. Higgins is board chairman of South Jersey Industries Inc.

* Bankrupt California utility Pacific Gas and Electric Co. named Andrew Vesey president and CEO, effective Aug. 19. Vesey, who has more than 35 years of utility industry experience, most recently served as managing director and CEO at Sydney-based AGL Energy Ltd., the PG&E Corp. subsidiary said in an Aug. 13 securities filing.

* Avista Corp. announced Aug. 12 that Senior Vice President and Chief Human Resources Officer Karen Feltes will retire from the company Feb. 1, 2020. The company announced several other management changes, effective Oct. 1. Senior Vice President and CFO Mark Thies was promoted to executive vice president and CFO. Vice President of Energy Delivery Heather Rosentrater was named senior vice president of energy delivery. Avista's board also promoted Vice President of External Affairs and Chief Customer Officer Kevin Christie to senior vice president for external affairs. He will retain his responsibilities as chief customer officer.

* ABB Ltd.'s board voted unanimously to appoint Sandvik AB President and CEO Björn Rosengren as its CEO. Rosengren will join ABB on Feb. 1, 2020, and succeed Peter Voser on March 1, 2020. Voser, who stepped in as interim CEO in April, will revert to his position as chairman of the board.

Oil and gas utility/midstream

* Calgary, Alberta-based oil and gas producer Pipestone Energy Corp. named Dustin Hoffman COO, effective Sept. 9. Hoffman will work with current Senior Vice President and COO Robert William Rosine on the transition, according to an Aug. 15 news release. Hoffman previously held senior management roles at Canadian exploration and production company Encana Corp.

* Adams Resources & Energy Inc. said Aug. 12 that Kevin Roycraft, president of subsidiary Service Transport Co., will become interim president of another unit, GulfMark Energy Inc., effective the same day. Roycraft will still serve as Service Transport president while the company finds his replacement.

* Bakken Midstream Natural Gas LLC appointed Curt Launer, one of its founders, as head of business development, the company said Aug. 12.

* The CEO and COO of Noble Midstream Partners LP's general partner resigned Aug. 9. Terry Gerhart and John Nicholson resigned amicably and not due to a disagreement with Noble Midstream GP LLC or Noble Midstream Partners, according to an Aug. 12 SEC filing. The general partner appointed Brent Smolik CEO, effective Aug. 11. Smolik is a director of the general partner and president and COO of parent company Noble Energy Inc. In addition, the general partner appointed Rachel Clingman to its board, according to an Aug. 13 filing. Clingman is senior vice president, general counsel and secretary of Noble Energy and is the company's designee to the board.

* Gulfport Energy Corp. appointed Quentin Hicks executive vice president and CFO, effective Aug. 26. Hicks replaces CFO Keri Crowell, who will step down after 14 years with the shale driller, according to an Aug. 12 news release. Hicks previously served as executive vice president, CFO and treasurer of exploration and production company Halcón Resources Corp., which filed for Chapter 11 bankruptcy Aug. 7.

* Surge Energy Inc. promoted Jared Ducs to CFO, effective Aug. 9. Ducs has served as vice president of finance since August 2018, according to the company's second-quarter earnings release Aug. 12.

* Derek Rush was named chief development officer of BP Midstream Partners LP's general partner, BP Midstream Partners GP LLC, effective Aug. 6. Rush previously was head of finance for BP PLC unit BP US Pipelines and Logistics and a director for BP Pipelines Inc., according to an Aug. 9 SEC filing.


* Contura Energy Inc. on Aug. 13 announced executive and board changes, reducing the board size from nine directors to five, which includes one vacancy. With this reconfiguration, Neale Trangucci, Anthony Orlando, Harvey Tepner and Michael Ward voluntarily resigned from the board, effective Aug. 12. The resignations were not due to any disagreement with the company. The remaining board members — David Stetson, Albert Ferrara Jr., Daniel Geiger and John Lushefski — elected Stetson as chairman of the board and Lushefski as lead independent director, effective Aug. 12. On the management side, J. Scott Kreutzer was appointed to take on a newly created role of executive vice president and chief strategy officer, effective Aug. 14. Jason Whitehead was named executive vice president and COO to succeed Kreutzer.