Pinnacle West Appoints Three New Members to its Board of Directors
20 Junio 2024 - 3:30PM
Business Wire
Additions Butler, Eicher & Flanagan
bring diverse experience, financial acumen
Pinnacle West Capital Corp. (NYSE: PNW) announced today that its
board of directors has elected three new members to the company’s
board: Ronald Butler Jr., a “Big 4” public accounting firm managing
partner with more than 32 years of diverse management and executive
leadership experience; Carol S. Eicher, a seasoned executive who
has served in multiple board leadership roles with both public and
private equity-backed businesses; and Susan T. Flanagan, an
executive with a broad and accomplished career spanning various
sectors, including regulated utilities, energy and renewables,
finance and capital markets, and portfolio management.
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Ronald Butler Jr. -- a “Big 4” public
accounting firm managing partner with more than 32 years of diverse
management and executive leadership experience -- has been
appointed to the Pinnacle West Capital board of directors effective
July 1, 2024. (Photo: Business Wire)
The appointments, effective July 1, increase the number of
Pinnacle West directors from nine to 12, of which 11 are
independent members. Butler and Flanagan have been appointed to the
Board’s Audit and Finance committees. Eicher joins the Audit and
the Nuclear & Operating committees.
“We are pleased to add the extraordinary expertise of these
three accomplished leaders,” said Pinnacle West Chairman, President
and CEO Jeff Guldner. “Ron has a thorough understanding of
financial and strategic planning, operational effectiveness and
digital transformation. Carol has extensive board experience at
publicly traded companies, including driving transformation across
large and complex organizations. And, Susan has a rich history of
practical expertise in both domestic and international energy
markets, including wind, solar, storage, conventional thermal power
generation assets and grid infrastructure.
“With their collective experience, we look forward to the
valuable perspectives and guidance they will provide to our
strategy and operations as we continue to focus on delivering value
for our customers and shareholders in a rapidly evolving energy
landscape.”
Butler – a trusted advisor to Fortune 500 executives, corporate
boards and audit committees across a broad set of industries
including mining and metals, technology and consumer products –
began his career in 1991 with KPMG in its Phoenix office. In 1995,
he joined EY, one of the world’s largest professional services
firms, becoming a Partner in 2004 and then being promoted to
Managing Partner of the Arizona practice in 2008. Over his career,
Butler has advised a diverse group of public and privately held
companies ranging from middle-market to large multinational
companies. He also serves as EY’s U.S Mining and Metals Leader.
Butler received his Bachelor of Science degree in Accountancy
from the University of Arizona and is the recipient of the
University of Arizona Eller College Outstanding Alumnus (2024) and
the University of Arizona Alumni Association Sidney S. Woods Alumni
Service Award (2015). He is a licensed CPA in the State of Arizona
and a member of the Arizona Society of CPA’s and the American
Institute of Certified Public Accountants.
Eicher possesses more than 30 years of experience in global
manufacturing, operations and mergers and acquisitions. She is on
the boards of The Tennant Company (NYSE: TNC), an industrial
machinery company, and Arq, Inc. (NASDAQ: ARQ), a diversified,
environmental technology company with products that enable a
cleaner and safer planet while actively reducing its environmental
impact. She also serves on two private company boards. Her senior
leadership experience includes positions at The Dow Chemical
Company, Rohm and Haas Company, Ashland Chemical Company and E.I.
DuPont de Nemours and Company, Inc. In her last executive role,
Eicher served as CEO of Innocor, Inc. from May 2014 to July
2017.
Eicher holds a Bachelor of Science degree in Chemical
Engineering from the University of Pennsylvania and a Master in
Business Administration from York College of Pennsylvania. She
volunteers as Chair of the Board of Directors for the Fairmount
Park Conservancy and as Secretary of the Board of Trustees for York
College of Pennsylvania.
Flanagan – an experienced senior executive and subject matter
expert in the energy and renewables sector – started her
professional career as an aerospace engineer with General Electric
(GE). Her subsequent experience spanned research and development
and corporate finance at utilities Long Island Lighting Company and
Dayton Power & Light; and M&A and due diligence at
PricewaterhouseCoopers and Ernst & Young working closely with
utilities and private equity. In 2005, Flanagan rejoined GE where
she served in various senior roles, most notably as President and
CEO of GE Capital’s Energy Financial Services business. Following
her 2023 retirement from GE, she joined Apollo Global Management as
an Operating Partner, where she advises on structured investment
opportunities across the Energy value chain.
Flanagan has a Bachelor of Science degree in mechanical
engineering from Columbia University’s School of Engineering, and a
Master of Science in Aerospace Engineering from the University of
Cincinnati. She also earned an MBA from New York University's Stern
School of Business. She has been actively engaged in energy
transition issues and has addressed the World Economic Forum in
Davos and other thought leadership venues. She served on the
Columbia University School of Engineering's Board of Visitors.
Pinnacle West Capital Corp., an energy holding company based in
Phoenix, has consolidated assets of nearly $25 billion, about 6,500
megawatts of generating capacity and approximately 6,100 employees
in Arizona and New Mexico. Through its principal subsidiary,
Arizona Public Service, the company provides retail electricity
service to approximately 1.4 million Arizona homes and businesses.
For more information about Pinnacle West, visit the company’s
website at pinnaclewest.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240620623225/en/
Media Contact: Alan Bunnell (602) 250-3376 Analyst Contact:
Amanda Ho (602) 250-3334 Website: pinnaclewest.com
Pinnacle West Capital (NYSE:PNW)
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