San Diego-based Sempra Energy announced more leadership changes Tuesday as the company continues to prepare for the impending retirement of Debra L. Reed, the current president, CEO and chairwoman of the executive board.
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Reed is stepping down after more than 40 years with Sempra Energy companies and just weeks after the San Diego-based energy firm closed a massive $9.45 billion deal to acquire Oncor, the largest utility in Texas. Her retirement was announced last month, just days after the Sempra-Oncor deal was approved by regulators in Texas.
Reed will retire as president and CEO on May 1, but she’ll continue as chairwoman of the executive board until Dec. 1. She’ll be replaced as CEO by Jeffrey W. Martin, who currently serves as the company’s executive vice president and chief financial officer, and as president by Joseph A. Householder, who is now the company’s corporate group president of infrastructure businesses.
Reed’s replacement as chair of the executive board has not yet been announced.
The company announced Tuesday that Householder will also take over as chief operating officer, effective May 1, the same day he’ll take over as Sempra’s president.
Effective immediately, Dennis V. Arriola has been appointed Sempra Energy’s chief strategy officer and executive vice president of external affairs and South America. Arriola was previously Sempra’s executive vice president of corporate strategy and external affairs.
To fill the executive vice president and chief financial officer roles currently held by Martin, who will take over as CEO, the company has tapped Trevor I. Mihalik. Additionally, Peter R. Wall has been picked to take over as the company’s vice president, controller and chief accounting officer. Mihalik and Wall will both begin their new roles on the first of next month.
“Today’s appointments reflect the thoughtful implementation of our leadership succession plan and alignment of our organization with our strategic priorities,” Martin said in a statement.
With last month’s Oncor deal complete, Sempra Energy now employees roughly 20,000 people and serves 43 million customers worldwide.
— City News Service
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