Aquila Shareholders Re-Elect Four Independent Directors; Progress in Company's Restructuring Reviewed at Annual Meeting.Business Editors KANSAS CITY Kansas City, two adjacent cities of the same name, one (1990 pop. 149,767), seat of Wyandotte co., NE Kansas (inc. 1859), the other (1990 pop. 435,146), Clay, Jackson, and Platte counties, NW Mo. (inc. 1850). , Mo.--(BUSINESS WIRE)--May 5, 2004 Aquila, Inc. (NYSE NYSE See: New York Stock Exchange :ILA ILA abbr. insulinlike activity ) announced today at the company's annual meeting in Kansas City, Mo., that its shareholders re-elected four independent directors. Shareholders voted to approve: -- Re-election of John R. Baker, retired vice chairman of the company's board, for a one-year term. Baker serves as a member of the board's Audit as well as Nominating and Corporate Governance committees. -- Re-election of Irvine O. Hockaday, Jr., retired president and chief executive officer of Hallmark Cards Hallmark Cards, a privately owned American company based in Kansas City, Missouri, is the largest manufacturer of greeting cards in the United States. Approximately 50% of greeting cards sent in the United States every year are manufactured by Hallmark. , Inc., Kansas City, Mo., for a three-year term. Hockaday serves as chairman of the board's Compensation and Benefits Committee and serves on the Business Process Improvement, Executive, and Nominating and Corporate Governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. committees. -- Re-election of Heidi E. Hutter, chief executive officer and a principal of The Black Diamond Group, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , 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 , N.Y., for a three-year term. Hutter serves on the board's Audit Committee. -- Re-election of Dr. Stanley O. Ikenberry, former president of the American Council American Council may refer to: In linguistics:
three-year term. Ikenberry serves as chairman of the board's Nominating and Corporate Governance Committee and serves on the Compensation and Benefits Committee. During the meeting, Chairman and Chief Executive Officer Richard C. Green also reviewed key elements of the company's plan to restore business and financial stability as well as focus on enhancing the value of Aquila's ongoing utility business. For the past two years the company has been following a rebuilding strategy that involved exiting the merchant energy trading business and selling non-core assets, while at the same time enhancing Aquila's core, seven-state natural gas and electric utility distribution businesses. (A copy of Green's annual meeting presentation is available at www.aquila.com. Click on "Presentations & Webcasts" in the "Investor Information" section.) Based in Kansas City, Mo., Aquila operates electricity and natural gas distribution utilities serving customers in seven U.S. states and Canada. The company also owns and operates power generation assets. More information is available at www.aquila.com. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion