Brauer Named Vice President of Strategic Initiatives.MORRISTOWN, N.J.--(BUSINESS WIRE)--April 8, 1999--GPU, Inc. (NYSE NYSE See: New York Stock Exchange :GPU GPU: see secret police. (Graphics Processing Unit) A specialized logic chip devoted to rendering 2D or 3D images. Display adapters contain one or more GPUs for fast graphics rendering. ) announced today the appointment of David C. Brauer as vice president, strategic initiatives for GPU Service, Inc. Brauer was formerly vice president for corporate restructuring where he led GPU's divestiture The breakup of AT&T. By federal court order, AT&T divested itself on January 1, 1984 of its 23 operating companies, which became known as the Regional Bell Operating Companies (RBOCs). of its merchant generation assets. In his new position Brauer will lead a newly created group responsible for evaluating and initiating new businesses to provide for continued growth and expansion of GPU's infrastructure business. The group's responsibilities also will include managing the company's existing activities in technology investments ranging from fuel cells to photovoltaic The generation of voltage by a material that is exposed to light in the visible and invisible ranges. See photoelectric and photovoltaic cell. systems and telecom power supply. "As the utility industry restructures and transforms into a competitive landscape, GPU must identify and seize opportunities to grow," said Fred D. Hafer, GPU chairman, president and chief executive officer. "Dave brings more than 16 years of GPU experience including assignments in the regulatory arena and international markets." The new business areas to be considered by the strategic initiatives group will include activities that are currently performed by the regulated company which, due to the ongoing move towards deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. , will become competitively supplied. These include activities such as metering, billing and other infrastructure services. Also to be considered will be new products and services that can be offered as a result of deregulation and customer choice. Brauer will report to Bruce Levy Dr Sir Enoch Bruce Levy OBE (February 19 1892–October 16 1985) was a botanist from New Zealand who became widely known for his work on improving pastures. He was born in Auckland in 1892, and lived on a farm until he was eighteen. , senior vice president and chief financial officer of GPU, Inc. Brauer was vice president of corporate restructuring from 1997 continuing into 1999. From 1993 to1997 he was vice president of finance and treasurer for GPU International and was responsible for all financial matters related to GPU's international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. and investments. From 1990 to 1993 he served as finance director of GPU, Inc. and was responsible for corporate financial policy and various regulatory matters. Prior to 1990, he was rates manager. Brauer joined the GPU system in 1982 as an operations analyst. GPU, Inc., headquartered in Morristown, New Jersey Morristown is a town in Morris County, New Jersey, United States. As of the United States 2000 Census, the town population was 18,544. Its estimated population in 2004 was 18,842. It is the county seat of Morris CountyGR6. is a registered utility holding company. GPU's three domestic operating utility subsidiaries -- Jersey Central Power and Light Company, Metropolitan Edison Company and Pennsylvania Electric Company -- are doing business under the trade name of GPU Energy, and serve approximately two million customers in a service area encompassing about half the land areas of New Jersey and Pennsylvania. GPU's other subsidiaries include: GPU Advanced Resources, Inc.; GPU International, Inc.; GPU Generation, Inc.; GPU Nuclear, Inc.; GPU Service, Inc.; and GPU Telcom Services, Inc. (http://www.gpu.com) |
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