EL PASO, Texas--(BUSINESS WIRE)--
The El Paso Electric Company (EPE) (NYSE:EE) Board of Directors
announces that Mary Kipp, President of EPE, has been appointed as Chief
Executive Officer (CEO), today, December 15, 2015.
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Mary Kipp, El Paso Electric CEO (Photo: Business Wire)
Thomas V. Shockley, who has served as CEO for EPE since 2012, has
fulfilled his contract and will continue to play a vital role as a Board
member. Shockley has been instrumental in positioning EPE as an industry
leader and establishing succession planning that promotes local
leadership and diversity, as he looks forward to the future of EPE.
"As a native of this region, Mary understands the diverse community we
serve and the future needs of this region," says Shockley. "She values
the importance of working with and developing our talented employees who
continue to provide our customers with safe and reliable energy. During
her time here, Mary has proven her leadership and commitment to our
unique region, and understands the need to foster strong economic
development and growth. As she takes on this new role, I am confident
that she will continue to enhance the Company's performance in order to
best serve our customers."
Mary Kipp was born in El Paso and raised in southern New Mexico. Kipp
has been with EPE since December 2007, and has overseen several
departments at the Company.
"I am extremely honored to step into this role and continue on the path
that Tom has set to lead El Paso Electric into a successful future,"
said Mary Kipp, President of El Paso Electric. "We are dedicated to the
success and well-being of our service area, in which we all work and
serve. We continue to plan ahead for the exciting growth and innovation
that we are experiencing, and as EPE invests in cost-effective new
technologies we are ensuring that we meet our region's future needs."
Background:
Prior to joining the Company, Kipp was a senior attorney in the Federal
Energy Regulatory Commission's Office of Enforcement in Washington, DC.
Kipp received a Bachelor of Arts cum laude from Williams College, a
Juris Doctor degree from the University of Texas School of Law, and is
an alumnus of Exeter College, University of Oxford. She is a member of
the Texas Bar (1994) and Colorado Bar (2002). Kipp is active in numerous
community organizations, including the Federal Reserve Bank of Dallas,
El Paso branch (Board of Directors), Borderplex Binational Economic
Alliance (Leadership Group), Greater El Paso Chamber of Commerce (Board
of Directors), Executive Women in Energy, the Women Corporate Directors
Greater New Mexico Chapter, and the Sun Bowl Association (Board of
Directors).
El Paso Electric is a regional electric utility providing generation,
transmission and distribution service to approximately 400,000 retail
and wholesale customers in a 10,000 square mile area of the Rio Grande
valley in west Texas and southern New Mexico. El Paso Electric has a net
dependable generating capability of 2,010 MW.
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El Paso Electric Company
Media Contact:
Eddie
Gutierrez, 915-497-3495
Vice President of Public, Government and
Customer Affairs
eduardo.gutierrez@epelectric.com
or
Investor
Relations:
Lisa Budtke, 915-543-5947
lisa.budtke@epelectric.com
Source: El Paso Electric Company
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