Avista Corp. Board of Directors Names Donald C. Burke and Rick R. Holley as Directors
May 18 2011 - 4:05PM
Marketwired
The Board of Directors of Avista Corp. (NYSE: AVA) has named Donald
C. Burke and Rick R. Holley as new directors who will join the
board as of August 1, 2011. Mr. Burke and Mr. Holley will stand for
election to the board at the next annual meeting of shareholders on
May 10, 2012.
Mr. Burke, age 50, serves as an independent trustee for the
Goldman Sachs mutual fund complex, which consists of a broad range
of investment portfolios for retail and institutional investors
managed by Goldman Sachs Asset Management, L.P. and certain
affiliates. He has held this position since August 2010. Prior to
assuming this role, Mr. Burke was a managing director for
BlackRock, Inc., and served as the president and chief executive
officer of the BlackRock U.S. mutual funds. He also served as a
trustee for numerous BlackRock funds established in Luxembourg and
the Cayman Islands. In addition, Mr. Burke held a number of
positions with Merrill Lynch Investment Managers and Deloitte &
Touche.
Mr. Burke is a frequent speaker at professional conferences and
has authored papers published in technical journals, newspapers and
firm publications.
Mr. Burke earned a Bachelor of Science degree in accounting and
economics from the University of Delaware and a Master of Business
Administration degree in taxation from Pace University. In
addition, he is a Certified Public Accountant.
Mr. Holley, age 59, has served as president and chief executive
officer of Plum Creek Timber Co., Inc. since 1994. Prior to this
position, Mr. Holley was vice president and chief financial officer
of Plum Creek. Previously, Mr. Holley was assistant vice president
for corporate audit at Burlington Northern, Inc. and served on the
corporate audit staff for the General Electric Company.
Currently, Mr. Holley serves as the chairman of the National
Alliance of Forestland Owners, as director of Sustainable Forestry
Initiative, Inc. and as a trustee of the American Forest
Foundation. In addition, he is a member of the 12th District
Federal Reserve Bank's Economic Advisory Council.
Mr. Holley earned a Bachelor of Science degree in accounting and
business administration from San Jose State University and attended
the Advanced Executive Program at Northwestern University.
"We are pleased that Don and Rick are joining our board of
directors," said Scott L. Morris, Avista Corp. chairman of the
board, president and chief executive officer. "Don brings a strong
investment management background coupled with a breadth of
experience in audit, accounting and tax. Rick brings valuable
acumen in doing business in the Northwest with an excellent
understanding of the importance of environmental stewardship for
sustainable business practices. As the energy industry is going
through rapid change, the experience each of these men brings will
be of great value to our company."
About Avista Corp. Avista Corp. is an
energy company involved in the production, transmission and
distribution of energy as well as other energy-related businesses.
Avista Utilities is our operating division that provides electric
service to 358,000 customers and natural gas to 319,000 customers.
Our service territory covers 30,000 square miles in eastern
Washington, northern Idaho and parts of southern and eastern
Oregon, with a population of 1.5 million. Avista's primary,
non-regulated subsidiary is Advantage IQ. Our stock is traded under
the ticker symbol "AVA." For more information about Avista, please
visit www.avistacorp.com.
Avista Corp. and the Avista Corp. logo are trademarks of Avista
Corporation.
Contact: Media: Jessie Wuerst (509) 495-8578 Email
Contact Investors: Jason Lang (509) 495-2930 Email Contact Avista
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