Welcomes New Leadership as Experienced
Executive Prepares for Retirement
OMAHA,
Neb., March 28, 2024 /PRNewswire/ -- Tenaska
Chief Executive Officer Chris
Leitner today announced the promotion of Tim Kudron to president of Tenaska Marketing
Ventures (TMV), a Tenaska affiliate and leading North American
natural gas marketer. Kudron, a 28-year employee of Tenaska, board
member and current chief financial officer of TMV replaces
Mark Whitt who will be retiring.
Current Senior Vice President of Credit Risk, Mark Soulliere will become CFO of TMV. Kudron
and Soulliere will step into their new roles effective April 1, 2024.
"This planned succession is a testament to TMV's dedication
to preserving a customer-focused culture and reinforces its leading
market position," said Leitner. "Tim brings a wealth of financial
and energy industry knowledge to the position and his decades-long
experience as an executive at Tenaska will allow TMV to build upon
the robust foundation that Whitt maintained and enhanced,
reflecting Tenaska's proactive approach to seize new opportunities
and drive future growth."
Leadership Transition and Sustained Excellence
After
dedicating 22 years to TMV, Whitt is slated to retire in
March 2025. He will assume an
executive advisory role at Tenaska to work closely with Kudron.
This collaboration will span over the next year, allowing for a
smooth transition to facilitate the handover of responsibilities
and maintain TMV's strong performance and customer
relationships.
Under Whitt's leadership, TMV not only maintained its
leading position in the industry but has also achieved significant
growth. Since 2020, TMV's natural gas wholesale volumes have
increased. The company has expanded its customer base and extensive
storage and transportation assets, securing its position as the No.
1 physical gas marketer in the U.S., according to S&P
Global Platts Gas Daily and Natural Gas
Intelligence. Consistently achieving top ranking in MASTIO
& Company's Natural Gas Marketer Customer Value/Loyalty
Benchmarking Study within the Major Marketing Group category,
TMV has claimed this honor eight times in the last ten years and
remained among the top 5 since 2007.
"I am proud of our accomplishments at TMV and am grateful
for the opportunity to work with our customers as well as our
talented and committed team," said Whitt. "Our reputation for
reliability and exceptional customer service is a testament to this
team's dedication and expertise. We have an extremely strong
commercial team coupled with our best-in-class operations group
that will continue to provide exceptional customer service. I have
full confidence in Tim and Mark to uphold these values and drive
TMV's success into the future."
Strong Leadership and Strategic Direction
Both Kudron
and Soulliere bring over two decades of dedicated service and a
wealth of industry knowledge to their new roles. Kudron's career at
Tenaska began in 1995, where he has held various roles in corporate
accounting, finance and administration. His rise to the role of
senior vice president of finance set the stage for his position as
TMV's CFO. As President of TMV, Kudron's leadership extends to
overseeing the entire operation.
Soulliere's tenure at TMV started in 1997 as the sole risk
analyst. He initially led the market risk, deal capture, and credit
groups during TMV's formative years. Subsequently, he dedicated his
efforts to enhancing the credit system and assembling a team to
support the trade floor as TMV continued to expand its footprint.
As CFO of TMV, Soulliere will have direct oversight of all
accounting and back-office functions.
"Mark Whitt has been a key
contributor to Tenaska's success and a respected leader in the
industry. We thank him for his dedication," Leitner said. "The
board and I are confident that Tim will continue to provide strong
leadership and strategic direction for TMV as we navigate the
evolving energy markets."
About Tenaska Marketing Ventures
Tenaska
Marketing Ventures / Tenaska Marketing Canada / Tenaska Gas Storage
(TMV) is an affiliate of Omaha,
Nebraska-based energy company Tenaska. TMV offers tailored
solutions to meet wholesale customers' needs for natural gas buying
and selling, price hedging, asset management, and supply and demand
volume swing management. For more information, visit
www.tenaska.com.
About Tenaska
Consistently ranked among
Forbes' List of America's Largest Private Companies, Tenaska
is a leading energy company with business operations that span the
energy value chain. Tenaska Marketing Ventures (TMV) and Tenaska
Power Services Co. (TPS) are among the largest natural gas and
electric power marketing companies in North America. The company has an operating
fleet of 7,700 megawatts (MW) of natural gas and renewable
generating facilities and throughout its history has developed,
managed and/or operated approximately 22,128 MW of natural
gas-fueled and renewable generation. Tenaska's development services
portfolio includes more than 28,887 MW of solar, wind and energy
storage projects including 10 carbon sequestration projects capable
of storing 50 million metric tons of CO2 per year.
Tenaska seeks investment opportunities to allocate its capital into
generation assets nationwide. For more information, visit
www.tenaska.com.
Contact:
Leighton Eusebio
402-691-9534
leusebio@tenaska.com
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SOURCE Tenaska