El Paso Electric Appoints Mary Kipp as CEO
December 15 2015 - 9:15AM
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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version on businesswire.com: http://www.businesswire.com/news/home/20151215005482/en/
El Paso Electric CompanyMedia Contact:Eddie Gutierrez,
915-497-3495Vice President of Public, Government and Customer
Affairseduardo.gutierrez@epelectric.comorInvestor
Relations:Lisa Budtke,
915-543-5947lisa.budtke@epelectric.com
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