Allegheny Energy Announces Leadership Changes.GREENSBURG, Pa. -- Allegheny Energy Allegheny Energy (NYSE: AYE) is a traditional public utility based in the Pittsburgh suburb of Greensburg. It services communities in Western Pennsylvania, Western Maryland, Northern West Virginia, Northwest Virginia. , Inc. (NYSE NYSE See: New York Stock Exchange : AYE) today announced that Philip L. Goulding is resigning as Senior Vice President and Chief Financial Officer effective October 13, when his current employment contract expires. Mr. Goulding will continue his employment with the company through November 7 to assist in transitional responsibilities. "Phil Goulding has been a great contributor to Allegheny during his past five years with us. His commercial skills and analytical capabilities are exceptional," said Paul J. Evanson, Chairman, President and Chief Executive Officer. "We thank him for his contributions and wish him well in his future endeavors." The company also announced that Kirk R. Oliver will become Senior Vice President and Chief Financial Officer, effective October 14. Mr. Oliver will have responsibility for Allegheny's accounting, financial, information technology, supply chain and tax efforts. Mr. Oliver was most recently a senior executive at Hunt Power in Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. . Prior to that, he spent eight years at TXU TXU Texas Utilities (Electric and Gas Company) TXU Transmitter Unit Corp., starting as Treasurer and then serving as Executive Vice President and Chief Financial Officer. His experience also includes 11 years in investment banking with Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. in its Global Power & Energy Group and six years with Motorola, Inc. "Kirk Oliver's financial, utility and energy industry experience make him very well-qualified to be Allegheny's next Chief Financial Officer," said Mr. Evanson. "His expertise and strong leadership skills will help us as we strengthen our financial position and pursue our growth strategy. I'm delighted to have him on our team." Mr. Oliver holds a Master of Business Administration from The University of Chicago Graduate School of Business Recruiters also voice a strongly positive opinion of students. According to BusinessWeek's biannual MBA rankings: "Chicago's grads were hands-down favorites in our survey of companies that hire MBAs. and a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies in Electrical Engineering from the Lawrence Institute of Technology. Allegheny Energy Headquartered in Greensburg, Pa., Allegheny Energy is an investor-owned electric utility with total annual revenues of over $3 billion and more than 4,000 employees. The company owns and operates generating facilities and, under the name Allegheny Power, delivers low-cost, reliable electric service to 1.6 million customers in Pennsylvania, West Virginia, Maryland and Virginia. For more information, visit our Web site at www.alleghenyenergy.com. |
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