S&P Global MarketIntelligence presents a weekly rundown of recent executive management, boardand regulatory changes in the energy industry. The moves are listed by sectorin reverse chronological order.
DTE EnergyCo. on Sept. 28 named Angela Bukas the company's chief investment officer. She will head the investment policyand strategy team and will manage employee retirement plan investments, amongother tasks.
With its plan to be acquired by still up in the air,SolarCity Corp. haslined up more than $650 million in financing in just over two weeks. SolarCityPresident Tanguy Serra, whopreviously was in charge of the company's finances, is at the end of the year after theanticipated closing of the Tesla deal.
A. Maurice Myersplans to step down asboard director of HawaiianElectric Industries Inc., ASB Hawaii Inc. and American Savings Bank FSB. Myers' retirement/resignationis effective Oct. 1.
ALLETEInc. CFO Steve DeVinckplans to step down.He will remain with ALLETE until spring 2017 to ensure a smooth transition.DeVinck joined the company in 1997 and was named CFO in 2013.
TennesseeValley Authority promoted two executives, effective Oct. 3, to assume theduties and responsibilities held by the COO position. The company named Joseph Grimes Jr. as executive vicepresident for generation and chief nuclear officer and Michael Skaggs as executive vice president for operations. The TVAplans to eliminate the COO position after the retirement of Charles Pardee by the end of 2016.Pardee also holds the executive vice president role.
Alliant EnergyCorp. senior vice president and CFO Thomas Hanson plans to retire on Dec. 31. In response to his retirement,Alliant Energy named Robert Durianas vice president, CFO and treasurer, effective Dec. 1. On the effective date,company controller Ben Bilitz willtake on the additional role of chief accounting officer.
DominionResources Inc. on Sept. 23 announced that Daniel Stoddard will replace DavidHeacock as chief nuclear officer of Dominion Nuclear. Heacock will remainpresident of Dominion Nuclear until his retirement on March 1, 2017. Stoddardwill retain his position as senior vice president of nuclear operations andwill report to Dominion Generation Group CEO Paul Koonce starting March.
Danielle Pletkaand Michael Ranger have the board of Pletkaserves as senior vice president of foreign and defense policy studies at theAmerican EnterpriseInstitute, a public policy research organization. Ranger isco-founder and senior managing director of Diamond Castle Holdings LLC, a private equity investmentfirm.
FerrellgasPartners LP appointed its founder and Board Chairman James Ferrell as the partnership'sinterim president and CEO, effective immediately. Ferrell is replacing Stephen Wambold, who has resigned aspresident, CEO and board member.
Two independent members of 's board, oneof whom was a representative of the activist investor Carl Icahn, resigned Sept. 26, soon after Icahn over half of his shares in thecompany. Vincent Intrieri has servedon the board since 2012 and was part of the audit, finance and nominating, and thegovernance and social responsibility committees, while John Lipinski was first appointed in 2014 and served as a member ofthe audit and compensation committees.
R. Keith Teaguehas resigned from hispost as Cheniere EnergyInc. asset group executive vice president and joined asexecutive vice president and COO, reuniting with other former Cheniere executives. Teaguewill be working with Cheniere co-founder and ex-CEO Charif Souki and formerCheniere Executive Vice President of marketing Meg Gentle.
Williams Cos.Inc. appointed former executives of and to its boardand said three directors will not stand for re-election, furthering what thecompany called a "board refreshment." The new directors are Stephen Chazen, former president andCEO of Occidental, and Peter Ragauss,former CFO of Baker Hughes. Chazen and Ragauss join Stephen Bergstrom, ScottSheffield and William Spence asnew Williams boardmembers. Williams plans to name two more directors. The seven directors namedin 2016 will all stand for election at the annual meeting in November, alongwith four board members who served before 2016. If all are elected, Williams'board would be composed of 11 directors, 10 of whom are independent. The boardalso reformed its nominating and governance committee, which now comprisesboard Chairman Kathleen Cooper,Chazen and Bergstrom, with Bergstrom chairing. The committee will choose thetwo directors yet to be named.
The AmericanCoal Council announced Sept. 29 that Terry Headley has been appointed as the group's new director of communications.Headley is a former communications director of the , wherehe served for more than eight years, and has also been "instrumental"to the Friends of Coal network expansion, according to ACC.
Laura Sheehan,spokesperson of the ACCCE, is stepping down effective Dec. 31, amid the coal power advocacygroup's transition toward newleadership. Sheehan's announcement comes weeks after the group'sPresident Mike Duncan announced hisintention to step down on Jan. 1, 2017.