S&P Global Market Intelligence presents aweekly rundown of recent executive management, board and regulatory changes inthe energy industry. The moves are listed by sector in reverse chronologicalorder.
During an annual and special meeting held May 5,Fortis Inc.shareholders elected Tracey Ball, Pierre Blouin, Peter Case,Maura Clark, Margarita Dilley, IdaGoodreau, Douglas Haughey, R. Harry McWatters, Ronald Munkley, David Norris, Barry Perryand Jo Mark Zurel to serve on theFortis board of directors.
WisconsinElectric Power Co. CEO AllenLeverett has replacedGale Klappa as chairman of thecompany's board, according to a Form 8-K filed May 4. Klappa retired from theboard and as chairman, effective May 1. The move is part of a previouslyannounced succession. The company's board has been reduced to four directorsfrom five.
EversourceEnergy on May 4 said it appointedPhil Lembo as senior vice president,CFO and treasurer, effective immediately. Lembo will succeed Jim Judge, who the president and CEO position,effective May 4.
ChristopherSotos will assumethe office of president and CEO at NRGYield Inc. starting May 6. The company's interim President and CEO,Mauricio Gutierrez, will transitionthe role to Sotos throughout the second quarter. Gutierrez will assume the roleof chairman and John Chlebowski willreturn to his role as lead independent director of the company. Additionally, John Chillemi has been appointed to theNRG Yield board. He is the executive vice president of national businessdevelopment at NRG Energy.
CanadianUtilities Ltd. shareowners elected12 directors during their May 3 annual meeting. Matthias Bichsel, LoraineCharlton, Robert Francis, Linda Heathcott, Robert Normand, HectorRangel, Laura Reed, William Sembo, James Simpson, NancySouthern, Karen Watson and Charles Wilson will each serve a termending at the next annual meeting or until a successor is elected or appointed.
NautilusSolar Energy LLC said May 4 that it four new members for its projectacquisition and operations team to accelerate the company's overall growth. Theexpanded team will consist of ScottGreenberg as vice president of operations, Steve Littlewood as director of business development for NortheastU.S., and Eric Lamora and Richard Sun as business developmentassociates.
PortlandGeneral Electric Co. shareholders 11 directors to the company'sboard during their annual meeting, according to a Form 10-Q filed April 29. John Ballantine, Rodney Brown Jr., Jack Davis,David Dietzler, Kirby Dyess, Mark Ganz, Kathryn Jackson, Neil Nelson, M. Lee Pelton,James Piro and Charles Shivery will serve on the company's board.
TransCanadaCorp. shareholders elected12 directors to the company's board during their annual meeting, according to aForm 8-K filed May 2. Kevin Benson, Derek Burney, Russell Girling, S. BarryJackson, John Lowe, Paula Reynolds, John Richels, Mary Salomone,Indira Samarasekera, D. Michael Stewart, Siim Vanaselja and Richard Waugh will serve on the board until TransCanada's nextannual meeting or until a successor is elected or appointed.
NRGEnergy Inc. stockholders on April 28 13 directors to serve on itsboard. Directors elected at the meeting were E. Spencer Abraham, KirbyjonCaldwell, Lawrence Coben, Howard Cosgrove, Terry Dallas, MauricioGutierrez, William Hantke, Paul Hobby, Edward Muller, AnneSchaumburg, Evan Silverstein, Thomas Weidemeyer and Walter Young. The 13 directors wereelected during the company's annual meeting of stockholders, according to aForm 8-K filed May 2. Similarly, NRGYield Inc. shareholders on April 26 elected John Chlebowski, MauricioGutierrez, Kirkland Andrews, Brian Ford, Ferrell McClean and ChristopherSotos to serve on its board.
The TennesseeValley Authority on May 2 announced the of Janet Brewer as senior vice president and chief communications andmarketing officer. Brewer will be in charge of the company's brand reputationand marketing, internal and external strategic communications, media relationsand digital and social media platforms. She has served as vice president ofcommunications since 2012.
ExelonCorp. shareholders elected13 directors to the company's board during their annual meeting, according to aForm 8-K filed April 29. AnthonyAnderson, Ann Berzin, Christopher Crane, Yves C. de Balmann, NicholasDeBenedictis, Nancy Gioia, Linda Jojo, Paul Joskow, Robert Lawless, Richard Mies,John Rogers Jr., Mayo Shattuck III and Stephen Steinour will each serve on thecompany's board as directors.
WisconsinElectric Power Co. stockholders elected J. KevinFletcher, Gale Klappa, Scott Lauber, Allen Leverett and SusanMartin to the company's board of directors during the April 28 annualmeeting. Their terms will expire in 2017.
EdisonInternational and SouthernCalifornia Edison Co. shareholders 10 Edison and 11 SoCalEddirectors during an April 28 annual meeting. Jagjeet Bindra, VanessaChang, Theodore Craver Jr., James Morris, Richard Schlosberg III, LindaStuntz, William Sullivan, Ellen Tauscher, Peter Taylor and Brett Whitewill serve the boards of Edison International and SoCalEd. Pedro Pizarro will serve only on the SoCalEd board.
IrvingInfrastructure Corp closed the acquisition of CapstoneInfrastructure Corp. and its subsidiary for a cash paymentof C$4.90 per share or unit as applicable, according to an April 29 newsrelease. V. James Sardo, François Roy, Goran Mornhed and JerryPatava resigned from the Capstone board — replaced by Adèle Malo, Paul Malan, Gary Eade and Enis Moran.
AmerenCorp. shareholders elected11 directors to the company's board during their annual meeting, according to aForm 8-K filed April 29. Warner Baxter,Catherine Brune, J. Edward Coleman, Ellen Fitzsimmons, RafaelFlores, Walter Galvin, Richard Harshman, Gayle Jackson, James Johnson,Steven Lipstein and Stephen Wilson will each serve on thecompany's board. Ameren Missouri shareholders elected Mark Birk, Fadi Diya, Martin Lyons Jr., Michael Moehn, GregoryNelson and David Wakeman toserve on the Ameren subsidiary's board during the same meeting. The utility islegally known as Union ElectricCo. Ameren IllinoisCo. shareholders elected MarkBirk, Martin Lyons Jr., Richard Mark, Craig Nelson and GregoryNelson to serve on the utility's board.
John Dubel hasbeen appointedSunEdison Inc.'schief restructuring officer to oversee the company's restructuring efforts. Theappointment is subject to the approval of the bankruptcy court. Dubel will notonly report directly to independent directors of the company but will have soleauthority and discretion in all restructuring-related initiatives. He is theCEO of Dubel & Associates LLC and has more than three decades of experiencein the distressed space.
MDUResources Group Inc. shareholders 10 directors during their annualmeeting, according to a Form 8-K filed April 29. Thomas Everist, Karen Fagg,David Goodin, Mark Hellerstein, A. BartHoladay, Dennis Johnson, William McCracken, Patricia Moss, Harry Pearceand John Wilson were elected to eachserve a one-year term.
SCANACorp. shareholders electedfour directors at the company's annual meeting, according to a Form 8-K filedApril 29. Gregory Aliff, Sharon Decker and Kevin Marsh will serve as directors for terms expiring in 2019,while James Micali's term willexpire in 2017 because of his reaching mandatory retirement age.
EmpireDistrict Electric Co. shareholders three directors at the company'sannual meeting. Ross Hartley, Herbert Schmidt and C. James Sullivan will serve on theboard for a term of three years, according to a Form 8-K filed April 29.
CenterPointEnergy Inc. shareholders electednine board directors during the company's April 28 annual meeting. Milton Carroll, Michael Johnson, JanieceLongoria, Scott McLean, Theodore Pound, Scott Prochazka, SusanRheney, Phillip Smith and Peter Wareing will serve the board forone-year terms, CenterPoint said in a news release.
BlackHills Corp. shareholders during their April 26 annual meetingelected Gary Pechota, Mark Schober and ThomasZeller to serve three-year terms expiring at the 2019 annual meeting.
SCANACorp. shareholders re-electedfour class II directors to the company's board during their April 28 annualmeeting. Gregory Aliff, Sharon Decker and Kevin Marsh will each serve a term expiring at the 2019 annualmeeting, while James Micali willserve for a term expiring at the 2017 annual meeting.
James Morris hasjoined the boards ofEdison Internationaland its Southern CaliforniaEdison Co. subsidiary, effective April 28. Morris is chairman,president and CEO of Pacific LifeInsurance Co. and its parent companies, andPacific LifeCorp,according to an April 28 release.
VeresenInc. shareholders on May 4 votedto elect directors during its annual meeting. The elected directorsare Don Althoff, Doug Arnell, J. Paul Charron, MaureenHowe, Rebecca McDonald, Stephen Mulherin, Henry Sykes, BertrandValdman and Thierry Vandal.
Wyck Knox Jr. onMay 3 retired as a member of the board of AGL Resources Inc. to conform with the company'sretirement policy for directors. Knox has been a director of AGL since 1998,according to a Form 8-K filed on May 5.
Thomas Miller hasbeen named the newCFO of Sunoco GP LLC,the general partner of Sunoco LP,effective May 9. Miller was previously senior vice president, CFO and treasurerat Cleco Corp., according to a May 4 news release.
Pepco Holdings Inc. former Chairman, President and CEOJoseph Rigby has the boards of andSouth Jersey Gas Co.Rigby, who was elected to boards April 29, will serve on SJI's audit andcorporate responsibility committees, according to a May 3 release.
OccidentalPetroleum Corp.'s board of directors has Vicki Hollub as its new president and CEO. Hollub, who was electedto the board in December 2015, will be replacing Stephen Chazen, according toan April 29 news release. Hollub has been working at Occidental since 1982 andwas most recently president and COO.
CloudPeak Energy Inc. announced that senior vice president for marketingand government affairs, Jim Orchard,will retire effective June 3 after serving the company for nearly seven years.Orchard's responsibilities will be transitioned to other members of theexecutive management team, including ToddMyers, senior vice president for business development, who will beresponsible for the company's marketing functions. Executive Vice President ofthe General Counsel Bryan Pecherskywill also take charge of Cloud Peak's government affairs functions.