CENTERPOINT ENERGY ANNOUNCES ITS SENIOR LEADERSHIP TEAM
This morning CenterPoint Energy (CNP) announced its senior leadership team that will take effect when CNP completes its merger with Vectren. Although Vectren and CNP will continue to operate separately until the merger officially closes, today’s news is a critical step in the integration planning process that has been underway since earlier this summer.
As we reported when we announced the merger in April, two of the eight members of the senior leadership team reporting to CenterPoint Energy CEO Scott Prochaska will be based in Evansville, Ind. These two include Scott Doyle, currently CenterPoint Energy’s senior vice president of natural gas distribution, who will lead the combined company’s natural gas utility business. He will be responsible for the company’s 8-state, 4.5 million-customer natural gas operations utility footprint, natural gas supply, natural gas engineering, and operations support. In addition, Doyle will oversee the enterprise customer organization, including utility sales and marketing. The second Evansville-based executive is Lynnae Wilson, Vectren ’s current vice president of energy delivery, who will lead the Indiana electric business for CNP. In this role, she will be responsible for power generation operations and construction, transmission and distribution operations, electric engineering, Midwest Independent System Operator (MISO) and wholesale power marketing, key account management, and integrated resource planning. Wilson has been with Vectren since 2003. Prior to being named a Vectren vice president, Wilson served as director of engineering and systems operations and as the director of Vectren’s A.B. Brown electric generating plant, among other key utility operations roles. You can read more about CNP’s senior leadership team in the press release issued today by clicking here.
Please note that the leaders of the Vectren subsidiaries – Energy Systems Group, Miller Pipeline, and Minnesota Limited – will report to Joe Vortherms, the competitive businesses executive referenced in the news release. The headquarters locations for these three subsidiaries are Newburgh, Ind., Indianapolis, Ind., and Minneapolis, MN respectively, and will remain the same after the merger with CNP.
As a reminder, we expect the merger transaction to close in the first quarter of 2019. We have completed nearly all the milestones to approve the merger. Prior to the transaction closing, Vectren’s existing senior executive team continues to lead operations at Vectren.
Integration teams comprised of Vectren and CNP personnel are busy preparing for Day 1 of the merger to ensure the newly combined company transitions well and continues to provide safe, reliable energy delivery for our customers. Please let me know if you have any questions or concerns with today’s announcement. We will keep you informed as this integration planning process is finalized and the transaction closes. We will be scheduling time in the near future for members of the leadership team to be introduced.
