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Sempra Energy appoints new president; Avista chairman/CEO to retire


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Sempra Energy appoints new president; Avista chairman/CEO to retire

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.


* AES Corp. appointed Vincent Parisi as president and CEO of its U.S. utilities, including Indianapolis Power & Light Co. and Dayton Power and Light Co., effective June 3. Parisi will take over from Barry Bentley, who served as interim president and CEO of IPALCO Enterprises Inc., Indianapolis Power & Light, DPL Inc. and Dayton Power and Light following the resignation of Craig Jackson in December 2018.

* Chesapeake Utilities Corp. appointed Stacie Roberts assistant vice president of corporate governance, it said in a May 16 news release.

* Brett Perlman resigned from Just Energy Group Inc.'s board as of May 16 to pursue other opportunities.

* Engie North America Inc. affiliate Engie Storage Services NA LLC CEO Christopher Tilley and CFO Tim Larrison will serve as directors on the board of Genbright LLC, a distributed energy resources company that Engie North America acquired.

* National Grid PLC has named Jonathan Silver a nonexecutive board director, effective May 16. Silver will join the finance, remuneration and nominations committees of National Grid's board of directors, the London-headquartered company said in a May 15 federal filing in the U.S.

* Maxim Power Corp. named Brad Wall to its board of directors, effective May 13.

* Avista Corp. Chairman and CEO Scott Morris announced May 13 to the company's board of directors that he will retire March 1, 2020. Morris will serve as the executive chairman of the board until his retirement date and then as nonexecutive chairman following his retirement, the company said in a news release. He will transition his duties as CEO to Avista President Dennis Vermillion, who was elected CEO by the board, effective Oct. 1. Vermillion will continue to serve on Avista's board.

* Sempra Energy named George Bilicic group president, effective when his term is complete at New York-based investment banking firm Lazard Ltd. later in 2019. Bilicic is vice chairman of investment banking with Lazard, the global head of power, energy and infrastructure, and the head of Midwest investment banking, according to a May 13 news release.

Oil and gas utility/midstream

* After EQT Corp. decided to replace three of its board directors, the former Rice Energy Inc. executives looking to shake up the company said they will reduce their director nominees to EQT's board to seven, from nine. Brothers Toby and Derek Rice said two of EQT's nominees — Janet Carrig and James McManus II — "appear qualified" to serve on the board, according to a May 16 news release. Consequently, the Rice group's new slate of director nominees will be Toby Rice, his brother Daniel Rice IV, Lydia Beebe, Lee Canaan, Kathryn Jackson, John McCartney and Hallie Vanderhider.

* Range Resources Corp. named Dennis Degner senior vice president - COO, effective immediately. Degner most recently held the position of senior vice president of operations, according to a May 16 news release.

* NextDecade Corp. named Matthew Bonanno as interim chairman of its board following the death of Kathleen Eisbrenner, who founded the U.S. LNG company and recently served as its chairman. Bonanno, a nonexecutive director, has been on NextDecade's board since 2014, according to a May 14 news release. The board expects to elect a permanent chairman at the company's annual shareholder meeting in July.

* Houston-based Oceaneering International Inc. appointed Charles Davison Jr. to replace Clyde Hewlett as COO, effective June 3. Hewlett will continue to serve in a supporting role during the transition, according to a May 13 news release.

* Jared Parker, co-portfolio manager of investment manager Oaktree Capital Management LP's Infrastructure Investing strategy, resigned from the board of NGL Energy Partners LP's general partner. The move comes as Oaktree no longer holds board representation rights as a result of the partnership's redemption of $165.1 million of preferred units.