Companies continue to embrace the back-to-basics strategy, and investors seem to think that it is paying off.
New Opportunities: Kansas City Power & Light (KCP&L) announced the promotion of Kevin Bryant to vice president of Energy Solutions. Bryant comes to this position from KCP&L’s service company, where he was manager of corporate finance.
American Electric Power (AEP) announced a series of executive reassignments as part of the company’s succession planning strategy. All reassignments are effective Sept. 1. Susan Tomasky , executive vice president and CFO, has been named executive vice president, shared services. Holly Koeppel , executive vice president, AEP Utilities - East, will succeed Tomasky as executive vice president and CFO. Robert Powers , executive vice president, generation, will assume responsibilities as executive vice president, AEP Utilities - East. Nicholas Akins , president and COO of AEP’s Southwestern Electric Power Co. (SWEPCO) operating unit, will assume responsibilities as executive vice president, generation. Venita McCellon-Allen , senior vice president, shared services, will succeed Akins as president and COO of SWEPCO.
Pacific Gas and Electric Co. elected Bill Morrow as president and COO. Morrow assumes the role vacated last January when Tom King became CEO. Morrow has more than a decade of experience as a senior executive with Vodafone.
Bob Drennan , a 23-year Progress Energy veteran, has been named vice president of investor relations, a newly created position. Drennan joined Carolina Power & Light, now Progress Energy, in August 1983 and has held numerous leadership positions in the treasury and strategic planning departments. He has directed the company’s investor relations activities for 17 years.
Constellation Energy named Mark P. Huston as COO of its retail subsidiary, Constellation NewEnergy. Huston served most recently as vice president, electric transmission and distribution, for Constellation Energy’s regulated utility, Baltimore Gas and Electric. He has been with the company for more than 20 years. Baltimore Gas and Electric Co. announced that Stephen J. Woerner would succeed Huston. Woerner began his career with BGE in 1990 and most recently was manager of distribution construction operations and maintenance.
Resigned: Pike Electric Corp . announced the resignation of Mark Castaneda as its CFO, effective Aug. 18. Castaneda will pursue other professional opportunities. Anthony Slater , Pike Electric’s vice president of finance, will replace Castaneda as CFO.
WGL Holdings Inc. announced that Frederic M. Kline , vice president and CFO, will resign his position effective Sept. 29, 2006, after more than 28 years with the company. His retirement will become effective on Feb. 1, 2007.
Retired: MDU Resources Group Inc. announced the retirement of Martin A. White , chairman and CEO. Harry J. Pearce was elected chairman of the board. Terry D. Hildestad was named president and CEO for the corporation and also was named to the board. White joined MDU Resources as vice president of corporate development in 1991. MDU Resources also announced the retirement of Robert L. Nance from its board of directors. Nance has been a member of the MDU Resources board since 1993.
PPL Corp. announced that William F. Hecht, the company’s chairman and CEO, will retire Oct. 1. The company previously announced that James H. Miller, who currently serves as president