Evergy Appoints Kirkland B. Andrews Government Vice President and Main Financial Officer

KANSAS Town, Mo.–(Business WIRE)–Feb 4, 2021–

Evergy, Inc. (NYSE: EVRG) now announced Kirk Andrews will grow to be the company’s executive vice president and chief financial officer, helpful Feb. 22, 2021. Andrews fills the position now held by Tony Somma, who declared his strategies to depart the business on January 8.

As main money officer, Andrews will be liable for Evergy’s company fiscal capabilities, together with treasury, accounting, preparing, tax, money allocation, and trader relations. Andrews will also oversee the company’s overall performance administration, company growth and renewable strength improvement routines. Considering the fact that March 2020, Andrews has been a member of the Evergy Board of Administrators. Andrews served as a member of the board’s Strategic Critique and Functions Committee, which worked with Evergy’s management team to craft the Sustainability Transformation Approach (STP) released in August 2020 adhering to a comprehensive and unbiased evaluate of the company’s functions. Andrews will vacate his Evergy board posture when he assumes his new management function.

“Kirk has a monitor history of fantastic management as a chief economical officer and a wealth of information and working experience, such as in the parts of company transformation, general performance administration and renewable strength tactic. As an Evergy board member, he played an integral position in the formation of our STP,” said David Campbell, Evergy President and Main Executive Officer. “Kirk obviously stands out as the very best individual for this job. I am quite excited for Kirk to sign up for our government workforce and enable us to productively execute the STP and progress the interests of all stakeholders and the communities we serve.”

Andrews, 53, presently serves as executive vice president and chief money officer of NRG Vitality, Inc. (“NRG”), a Fortune 500 integrated electric power company. Andrews’ concentration at NRG incorporated formulating NRG’s money and capital allocation procedures, executing the company’s portfolio and balance sheet restructuring, overseeing the financing system for renewable energy enhancement and the generation of NRG Yield, and supporting to direct NRG’s company transformation, which includes important price and operational enhancements throughout the enterprise.

Andrews joined NRG as main money officer in 2011 just after a thriving 15-calendar year career in money expert services. He served as Taking care of Director and subsequently headed the North American Electric power Investment decision Banking group at Citigroup World Markets. Afterwards, he served as Taking care of Director and co-head of Electric power and Utilities–Americas at Deutsche Financial institution. During his banking profession, Andrews led numerous substantial and revolutionary strategic, credit card debt, equity and commodities transactions. He at present serves on the board of administrators for RPM Worldwide (NYSE: RPM), a substantial-effectiveness coating, sealants and specialty chemical substances firm, where by he is a member of the Audit Committee and previously served as co-chair of the Operating Advancement Committee.

“Over the past 12 months, I have had the possibility to do the job carefully with Evergy’s management group and board. I know firsthand that this is a corporation constructing great momentum guiding an energizing eyesight for the long run. I am enthusiastic to be a part of Evergy’s leadership crew to help convey this plan to everyday living in a way that creates worth for all of Evergy’s essential stakeholders,” Andrews said. “The STP is a simple and highly executable prepare, focused on price tag administration and financial commitment in infrastructure modernization and renewables, enabling the corporation to advance its vital targets of trustworthiness, affordability, and sustainability.”

Sustainability Transformation System

Evergy’s STP was declared in August 2020. The system honors prior regulatory and merger commitments built in relationship with Evergy’s formation, when furthering the company’s aim on grid modernization, renewable power financial investment and cost administration. Less than the STP, Evergy programs continued value willpower coupled with greater program investment decision to enrich the client experience and strengthen procedure resilience and trustworthiness. These cash investments are predicted to aid 5{23996c8f5258275f450f40d5a867c22ad72c04895f28059581bc525cc6cb4bd0} to 6{23996c8f5258275f450f40d5a867c22ad72c04895f28059581bc525cc6cb4bd0} compounded yearly fee foundation growth from 2019 to 2024, targeting EPS compounded annual growth of 6{23996c8f5258275f450f40d5a867c22ad72c04895f28059581bc525cc6cb4bd0} to 8{23996c8f5258275f450f40d5a867c22ad72c04895f28059581bc525cc6cb4bd0} by way of 2024, constant with major-performing utilities.

About Evergy, Inc.

Evergy, Inc. (NYSE: EVRG) serves approximately 1.6 million prospects in Kansas and Missouri. We have been formed in 2018 when very long-phrase community power suppliers KCP&L and Westar Energy merged. We are a leader in renewable vitality, providing approximately 50 percent of the electrical power we deliver to homes and corporations from emission-absolutely free era. We assist our nearby communities wherever we reside and function and try to meet up with the needs of prospects through electricity price savings and innovative remedies.

Cautionary Statements About Specified Forward-on the lookout Data

Statements designed in this press release that are not based on historic specifics are forward-looking, might involve dangers and uncertainties, and are meant to be as of the date when manufactured. Forward-seeking statements include, but are not minimal to, statements relating to our strategic plan, including, without limitation, those people relevant to earnings for every share, dividend, operating and routine maintenance expense and funds expenditure plans the result of legislative attempts and regulatory and legal proceedings future electricity need future electrical power price ranges programs with respect to present and probable future technology sources the availability and expense of generation sources and electricity storage concentrate on emissions reductions and other matters relating to predicted economical performance or affecting long run functions. Forward-searching statements are generally accompanied by ahead-seeking words this kind of as “anticipates,” “believes,” “expects,” “estimates,” “forecasts,” “should,” “could,” “may,” “seeks,” “intends,” “proposed,” “projects,” “planned,” “target,” “outlook,” “remain self-confident,” “goal,” “will” or other words of comparable that means. Ahead-on the lookout statements entail challenges, uncertainties and other aspects that could induce genuine effects to differ materially from the ahead-searching information.

In connection with the safe and sound harbor provisions of the Personal Securities Litigation Reform Act of 1995, the Evergy, Inc., Evergy Kansas Central, Inc. and Evergy Metro, Inc. (collectively, the Evergy Corporations) are giving a range of challenges, uncertainties and other elements that could result in actual benefits to vary from the forward-wanting information. These hazards, uncertainties and other aspects include things like, but are not restricted to: economic and weather conditions ailments and any affect on income, rates and charges variations in business enterprise approach or operations the impact of federal, state and regional political, legislative, judicial and regulatory steps or developments, such as deregulation, re-regulation, securitization and restructuring of the electrical utility field selections of regulators about, among other factors, consumer charges and the prudency of operational conclusions these kinds of as money expenditures and asset retirements improvements in relevant rules, rules, regulations, concepts or procedures, or the interpretations thereof, governing tax, accounting and environmental matters, such as air and water excellent and waste administration and disposal the effect of weather change, which includes greater frequency and severity of important climate occasions and the extent to which counterparties are ready to do business enterprise with, finance the functions of or buy strength from the Evergy Organizations due to the reality that the Evergy Businesses operate coal-fired generation costs and availability of electricity in wholesale marketplaces current market notion of the electricity industry and the Evergy Companies the impression of the Coronavirus (COVID-19) pandemic on, amongst other factors, profits, outcomes of functions, money problem, liquidity and income flows, and also on operational challenges, these types of as the availability and capability of our personnel and suppliers to perform the features that are important to run the Evergy Corporations modifications in the electricity buying and selling markets in which the Evergy Firms participate, including retroactive repricing of transactions by regional transmission businesses (RTO) and independent method operators money market circumstances and effectiveness, like improvements in curiosity premiums and credit history spreads and in availability and price of funds and the outcomes on derivatives and hedges, nuclear decommissioning have confidence in and pension program assets and prices impairments of very long-lived assets or goodwill credit history ratings inflation costs the transition to a substitution for the London Interbank Made available Level (LIBOR) benchmark fascination fee performance of danger administration insurance policies and procedures and the means of counterparties to satisfy their contractual commitments effects of actual physical and cybersecurity breaches, prison action, terrorist attacks and other disruptions to our facilities or information technological innovation infrastructure or the amenities and infrastructure of third-get together company providers on which we count means to have out advertising and marketing and income strategies value, availability, quality and well timed provision of devices, provides, labor and gasoline potential to attain generation aims and the event and length of prepared and unplanned generation outages delays and price improves of technology, transmission, distribution or other assignments the Evergy Companies’ means to control their transmission and distribution advancement ideas and transmission joint ventures the inherent risks involved with the possession and procedure of a nuclear facility, such as environmental, wellness, basic safety, regulatory and fiscal challenges workforce pitfalls, together with these connected to our means to appeal to and retain competent personnel, retain satisfactory associations with our labor unions and deal with prices of, or changes in, retirement, health and fitness care and other positive aspects disruption, costs and uncertainties triggered by or linked to the actions of men and women or entities, this sort of as activist shareholders or special desire groups, that seek to influence our strategic plan, economical effects or operations the probability that strategic initiatives, which include mergers, acquisitions and divestitures, and long-time period monetary programs, may perhaps not generate the value that they are envisioned to attain in a timely way or at all problems in keeping relationships with clients, staff, regulators or suppliers and other risks and uncertainties.

This list of factors is not all-inclusive mainly because it is not attainable to predict all factors. Supplemental challenges and uncertainties are talked about from time to time in recent, quarterly and annual experiences filed by the Evergy Businesses with the Securities and Trade Fee (SEC). Reports filed by the Evergy Businesses with the SEC ought to also be go through for a lot more info relating to danger things. Each individual forward-hunting assertion speaks only as of the day of the certain statement. The Evergy Companies undertake no obligation to publicly update or revise any forward-on the lookout assertion, no matter whether as a outcome of new data, long term situations or in any other case, other than as demanded by legislation.

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Contact: Media Speak to:

Gina Penzig

Manager, Exterior Communications

Mobile phone: 785-575-8089

[email protected]

Media line: 888-613-0003Investor Get in touch with:

Cody VandeVelde

Director, Trader Relations

Phone: 785-575-8227

[email protected]

Key phrase: UNITED STATES NORTH The usa MISSOURI

Market Keyword: Option Strength Vitality UTILITIES

Source: Evergy, Inc.

Copyright Business enterprise Wire 2021.

PUB: 02/04/2021 08:00 AM/DISC: 02/04/2021 08:01 AM

http://www.businesswire.com/information/household/20210204005633/en

Rachel C. Carpenter

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