Allegheny Energy Announces New Executive Appointment.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 Eric S. Gleason will join the company as Vice President - Corporate Development, effective August 4. Mr. Gleason's responsibilities will include strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. and development and power market modeling and analysis. He brings to Allegheny 11 years of investment banking experience with two prominent Wall Street firms. Most recently, he was Executive Director, Natural Resources Investment Banking at JPMorgan. Prior to that, he was Vice President in the Investment Banking Division at Goldman Sachs. He held positions in both firms' New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and London offices, where he was responsible for advising utilities and energy companies on strategy, financings and other corporate finance issues. "Eric's experience providing strategic advice to electric utility companies, combined with his in-depth understanding of industry issues and corporate finance, will strengthen our planning and analytical capabilities," said Paul J. Evanson, Chairman, President and Chief Executive Officer of Allegheny Energy. "I am delighted to welcome Eric to our senior management team. He will be a great asset in positioning Allegheny for success and building value for our shareholders." Mr. Gleason holds a master's degree in business administration from Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. and a bachelor's degree in mechanical engineering from the University of Colorado University of Colorado may refer to:
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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