Avista Corp. Names New President and Announces Senior Leadership Changes
07 Septiembre 2023 - 3:05PM
Avista Corp. (
NYSE: AVA) announced that Senior
Vice President and Chief Operating Officer Heather Rosentrater will
become President and COO, making her the first female President in
the company’s 134 year history. Dennis Vermillion will remain
Avista’s Chief Executive Officer. The changes will go into effect
on Oct. 1, 2023.
At age 46, Rosentrater will be the company’s 15th
President since it was founded in 1889. Rosentrater has spent her
entire professional career at Avista, starting with the company in
1996 as a student engineering technician for Avista Labs, a fuel
cell subsidiary business that was later sold and became ReliOn.
In 1999, Rosentrater joined Avista Corp. as an
electrical engineer and was quickly promoted to leadership roles
that have built her expertise across both Avista’s electric and
natural gas businesses. She’s managed departments and projects in
electric transmission and distribution, system operations, natural
gas supply, and business process improvement before being named
Vice President of Energy Delivery in 2015. By 2019, Rosentrater was
named Senior Vice President of Energy Delivery and Shared Services.
And in August 2022, her responsibilities expanded to Senior Vice
President and Chief Operating Officer.
Innovation has always been at the core of her
leadership values. Rosentrater has been instrumental in building a
solid foundation for the utility of the future. When Avista was one
of only a handful of utilities to receive multiple Department of
Energy grants under the 2009 American Recovery and Reinvestment
Act, Rosentrater led the successful implementation of Avista’s
smart grid grants. She expanded upon the learnings from these
grants and integrated enhancement upgrades across Avista’s electric
grid. Rosentrater was a founding board member of Spokane’s civic
research and technology initiative Urbanova, established Avista’s
Innovation Station and Grid Edge teams to explore future business
needs, and intentionally embedded innovative concepts in developing
the Eco-District shared energy model that powers multiple buildings
in Avista’s Catalyst project.
“Heather is a dynamic leader with a clear vision.
At every turn since joining Avista, Heather has positioned our
utility to be on the forefront of innovation. Heather has
demonstrated she possesses the skills and strength, acumen and
insights to lead Avista during these unique times. She’s
established a reputation as a thought leader who constantly
challenges Avista and our partners to strategically anticipate
what’s next. Heather has the full support and confidence of
Avista’s board, executive leaders, and employees to successfully
lead us forward through a rapidly changing energy landscape and the
complex challenges we’re facing as a business and an industry. I’m
excited for Avista’s future under Heather’s leadership as
President,” said Avista Chief Executive Officer Dennis
Vermillion.
“It’s an honor and a privilege to be named as
President of Avista. This is an exciting time to take on this
important role and I’m intrigued by the possibilities ahead. Every
day, I’m still impressed by the innovative spirit that’s instilled
in Avista’s culture – it’s what attracted me to join this company,
what keeps me engaged every day, and what makes Avista so unique
compared to others in the energy industry. Our employees are second
to none when it comes to their commitment to each other and to the
customers and communities we serve,” said Senior Vice President and
COO Heather Rosentrater in response to the announcement. “I look
forward to continuing to tap into our deep, rich history of
innovation, to partner with our customers in new and
mutually-beneficial ways, and to engage with our incredible
employees to forge our future – together – during this
transformative time in the energy industry.”
As part of Avista’s ongoing commitment to
succession planning and strategic workforce planning, Vice
President, Safety & Chief People Officer Bryan Cox will become
Senior Vice President, Safety & Chief People Officer. In this
role, he focuses on the commitment to enhancing safety throughout
Avista, leads the equity, inclusion, and diversity strategy, in
addition to other HR functions.
About Avista Corp.
Avista Corp. is an energy company involved in the
production, transmission and distribution of energy as well as
other energy-related businesses. Avista Utilities is the operating
division that provides electric service to 414,000 customers and
natural gas to 379,000 customers. Its service territory covers
30,000 square miles in eastern Washington, northern Idaho and parts
of southern and eastern Oregon, with a population of 1.7 million.
Alaska Energy and Resources Company is an Avista subsidiary that
provides retail electric service in the city and borough of Juneau,
Alaska, through its subsidiary Alaska Electric Light and Power
Company. Avista stock is traded under the ticker symbol “AVA.” For
more information about Avista, please
visit www.avistacorp.com.
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distribution, send reply message to lena.funston@avistacorp.com
Contact:Avista 24/7 Media Line
(509) 495-4174 Media: Laurine Jue (509) 495-2510
laurine.jue@avistacorp.comInvestors: Stacey Wenz (509) 495-2046
stacey.wenz@avistacorp.com
Photos accompanying this announcement are available
at:
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