HOUSTON, Jan. 8, 2021 /PRNewswire/ — CenterPoint Power, Inc. (NYSE: CNP) nowadays declared two senior Finance leadership appointments that will even more strengthen its management workforce and position the corporation for execution of its new extensive-term expansion technique.
“As we situation ourselves to turn out to be a top quality valued utility when supporting a transition to a cleaner electricity potential, central to our company’s long term expansion will be a confirmed, knowledgeable leadership group and energized, dedicated staff members,” claimed Govt Vice President and Chief Monetary Officer Jason Wells. “These senior Finance management appointments will be critical to our determination to optimize the positive aspects of our development for our consumers, shareholders and communities.”
Stacey Peterson named Senior Vice President, Economical Planning & Treasurer
Stacey Peterson has been named Senior Vice President, Monetary Organizing & Treasurer, effective Jan. 11. Peterson will direct the company’s monetary scheduling and investigation, investing pursuits, balance sheet and capital marketplaces tactic, income administration, financial institution relationships, gain approach administration, and compliance reporting. She will be liable for managing economical possibility as it relates to CenterPoint Energy’s annual fascination expenditure, financial debt, the company’s commercial paper software, and revolving credit services. Peterson will report to Wells.
“Stacey joins CenterPoint Energy’s management team with a verified keep track of history in the electricity market, finance and money marketplaces. She will be an best fit for our business as we execute on our new lengthy-phrase growth method,” said Wells. “Under Stacey’s leadership, our Economical Planning and Treasury corporations will perform a vital purpose in our 5-year $16 billion-in addition capital financial investment approach, which will push natural and organic progress options in our utility businesses, as perfectly as the trustworthiness and resiliency of our current infrastructure to greater serve our clients.”
Peterson mentioned, “With its new prolonged-term advancement method lately introduced, it is a exclusive and significant time in the lengthy, very pleased history of CenterPoint Strength. I am psyched to be part of this exceptional team and, collectively, execute the system to situation CenterPoint Electrical power for an outstanding foreseeable future.”
Peterson has held roles of raising duty in excess of her 20-yr career. Most not too long ago, she served as Senior Vice President, Finance, Treasurer and Head of Investor Relations at Talen Electrical power, 1 of the major privately owned unbiased energy generation infrastructure companies in North The us. Prior to this position, Peterson used 11 a long time at Calpine, a energy generator with additional than 26,000 megawatts of making ability in 16 states and Canada, wholesale energy functions and retail electricity corporations. Following management roles in Structuring, Financial and Strategic Investigation, and Electric power Trading, Peterson served as Vice President, Finance and Treasurer from 2013 to 2018.
Peterson earned a Bachelor of Science degree in Company and Finance from Indiana University’s Kelley University of Business. She is a graduate of Harvard Company School’s Innovative Administration System.
Philip Holder named Senior Vice President, Strategic Preparing & Investor Relations
Philip Holder has been named Senior Vice President, Strategic Arranging & Investor Relations, effective Jan. 25. Holder will lead CenterPoint Energy’s company method, investment analyses, and business and company improvement activities in support of the company’s lengthy-phrase expansion strategy. In addition, he will be liable for the company’s Trader Relations functionality and its associations with shareholders, market-side analysts and potential buyers. Holder will report to Wells.
“Under Phil’s leadership, our Strategic Planning and Trader Relations businesses will be instrumental as we grow our utility organizations and detect extra financial investment options all through and past the existing 5-year scheduling window,” said Wells. “Phil’s track record, expertise and interactions, significantly in the utility marketplace, will be valuable assets as we proceed to reinforce the economic community’s believe in in CenterPoint Energy by way of execution and clear communications on our progress, which includes our efforts to further improve our progress, positioning and price proposition.”
Holder reported, “I think CenterPoint Power has a distinct and unmistakable route to starting to be a quality valued utility, achieving major-tier operational excellence, and noticing fantastic organic and natural advancement prospects. I appear forward to getting a element of this wonderful corporation and doing the job together with a talented crew to supply on the approach.”
Holder has held roles of escalating obligation over his 15-calendar year occupation. Most recently, he served as Running Director, Electrical power, Ability & Renewables Financial investment Banking at Guggenheim Securities, the expense banking and capital markets small business of Guggenheim Associates, a global financial investment and advisory business. In this capability, Holder led Guggenheim’s romantic relationship with the Condition of California, together with advising Governor Gavin Newsom on the PG&E Bankruptcy and the development of the California Condition Wildfire Fund. Prior to this part, Holder spent eight many years at Citigroup wherever he served as Director, Electrical power & Utilities Investment decision Banking. He led strategic and M&A advisory assignments for a number of utility and vitality holding organizations, which includes AES, Dominion Energy, Duke Vitality, Vitality Foreseeable future Holdings, InfraREIT, Iberdrola, PG&E, Southern Corporation and Vistra Strength.
Holder gained a Bachelor of Enterprise Administration diploma from Emory University in Atlanta.
The organization also introduced the departures of Vice President & Treasurer Robert McRae and Director of Investor Relations David Mordy from CenterPoint Vitality to go after other job chances.
Wells said, “I want to acquire this chance to thank Robert and Dave for their several contributions to CenterPoint Electrical power and would like them each and every accomplishment in their upcoming endeavors.”
About CenterPoint Electrical power
As the only investor-owned electrical and gas utility dependent in Texas, CenterPoint Strength, Inc. (NYSE: CNP) is an strength delivery company with electric transmission and distribution, ability era and purely natural gasoline distribution functions that serve much more than 7 million metered buyers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. As of September 30, 2020, the business owned about $33 billion in belongings and also owned 53.7 per cent of the widespread models representing confined spouse pursuits in Help Midstream Companions, LP, a publicly traded grasp limited partnership that owns, operates and develops strategically positioned pure fuel and crude oil infrastructure property. With roughly 9,600 workers, CenterPoint Strength and its predecessor companies have been in company for much more than 150 years. For more data, go to CenterPointEnergy.com.
Ahead Searching Assertion
This news launch contains ahead-looking statements inside of the indicating of the Personal Securities Litigation Reform Act of 1995. When used in this information launch, the words and phrases “continue,” “plan,” “will” or other comparable terms are intended to detect forward-looking statements. These forward-searching statements are dependent upon assumptions of administration which are thought to be fair at the time made and are issue to considerable pitfalls and uncertainties. True functions and outcomes may possibly vary materially from individuals expressed or implied by these forward-seeking statements. Any statements in this news release with regards to potential gatherings, these types of as CenterPoint Energy’s identification and execution of enterprise tactics, chances and initiatives, price development, funds expenditure system, future fiscal effectiveness and energy, and any other statements that are not historic points are ahead-seeking statements. Each and every ahead-on the lookout assertion contained in this information release speaks only as of the day of this launch. Crucial things that could trigger precise effects to differ materially from people indicated by the delivered forward-on the lookout data involve threats and uncertainties relating to: (1) the impact of COVID-19 (2) money current market problems (3) normal financial ailments (4) the timing and effects of upcoming regulatory and legislative choices (5) outcomes of levels of competition (6) temperature variations (7) modifications in organization plans and (8) other things, threats and uncertainties mentioned in CenterPoint Energy’s Annual Report on Variety 10-K for the fiscal year finished December 31, 2019, CenterPoint Energy’s Quarterly Experiences on Variety 10-Q for the quarters ended March 31, 2020, June 30, 2020 and September 30, 2020 and other reports CenterPoint Strength or its subsidiaries may possibly file from time to time with the Securities and Exchange Commission.
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