Commerce Energy Names Interim Chief Financial Officer
July 27 2007 - 4:49PM
Business Wire
Commerce Energy Group, Inc. (Amex:EGR), a leading U.S. electricity
and natural gas marketing company, today named J. Robert Hipps as
interim chief financial officer, effective July 30, 2007,
succeeding Lawrence Clayton, Jr., who is no longer with the
company. The company said Clayton�s departure was not related to
any financial or accounting matter. Hipps, 67, currently is a
partner and member of the board of managers of Tatum, LLC, an
executive services and consulting firm. While at Tatum, he served
as chief financial officer of Southstar Energy, the parent company
of Georgia Natural Gas, a natural gas marketer, and interim chief
financial officer for the Municipal Electric Authority of Georgia.
Earlier, Hipps was senior vice president of finance and chief
financial officer of National Services Industries (NSI), a
diversified NYSE company. He previously served as vice president
and controller, and vice president and treasurer of General Signal
Corporation, a Fortune 300 company and producer electronic and
electrical control systems. Prior to that, Hipps was vice president
and treasurer of Neptune International Corporation, a NYSE company
involved in fluid measurement and water pollution control
equipment. Hipps began his career in the small business department
of Price Waterhouse and Co.�s New York office. Hipps earned a
bachelor�s of arts degree from Yale University and a master�s of
business administration from Stanford University. He received his
CPA certification in New York State. About Commerce Energy Group,
Inc. Commerce Energy Group, Inc. (Commerce) is a leading
independent U.S. electricity and natural gas marketing company,
operating through its wholly-owned subsidiaries, Commerce Energy,
Inc. and Skipping Stone Inc. Commerce is publicly traded on the
American Stock Exchange (Amex) under the symbol: EGR. Commerce
Energy, Inc. is licensed by the Federal Energy Regulatory
Commission and by state regulatory agencies as an unregulated
retail marketer of natural gas and electricity to homeowners,
commercial and industrial consumers and institutional customers.
Headquartered in Orange County, California, the company also has an
office in Dallas, Texas, as well as several area offices located
around the U.S. For nearly a decade, customers have relied on
Commerce to deliver competitive pricing, innovative product
offerings and personalized customer service, in addition to quality
gas and electric services. For more information, visit
www.CommerceEnergy.com.
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