|
On
November 2, 2009, the Company issued the following news
release:
Central
Vermont Public Service
NEWS
RELEASE
Contact:
Steve Costello (802)
747-5427 (802)
742-3062 (pager)
For
Immediate Release: Nov. 2, 2009
Appointments
to CVPS Board of Directors
RUTLAND
-- Central Vermont Public Service (NYSE-CV) today announced the
appointment of two independent directors to its Board of
Directors. John M. Goodrich (59) was appointed to the Board of
Directors, effective November 3, 2009 and Elisabeth B. Robert (54) was
appointed as an Advisory Director, effective November 3,
2009.
Goodrich
is vice president of power - Americas at Weidmann Electrical Technology
Inc. His company makes electrical insulation for transformer
manufacturers and users. Prior to his current position Goodrich served as
vice president of operations and site manager for Weidmann’s operations in
St. Johnsbury, Vermont, from 2004 to 2007. He also worked
abroad starting an operation in Mexico and participating on a team for a
major process installation in China. He has additional work
experiences in Brazil and Switzerland. Goodrich earned a
bachelor's degree in civil engineering from the University of New
Hampshire and a master's degree in business administration from the
University of Colorado.
Robert
is
chief
executive officer of Terry Precision Cycling, a women's bicycle
manufacturing and direct marketing company. Prior to her
current position she served as president, chief executive officer, chief
financial officer and treasurer of The Vermont Teddy Bear Company from
October 1997 to September 2008. Robert currently serves on the
Board of Trustees of Middlebury College, the Board of the ECHO Leahy
Science Center for Lake Champlain as well as the Vermont Ballet Theater,
and is a member of the Board of Advisors for the UVM School of Business
Administration. Robert earned a bachelor's degree in French
from Middlebury College and a master's degree in business administration
from the University of Vermont.
Under
Central Vermont’s By-laws, the company is required to equalize the number
of directors in each of its three classes when
possible. Accordingly, the company is taking this opportunity
to rebalance the number of directors in each class. The
rebalancing will occur in two steps: filling a vacancy in the
class of 2010 and adding a member to the class of 2011. The
Board of Directors appointed Goodrich to fill an exiting director’s term
that expires in 2010. Robert will serve as advisory director in
anticipation of her nomination and election to serve as director at the
May 4, 2010 Annual Meeting of Stockholders in a class whose term will
expire 2011.
The
Board is also restructuring the board committee assignments to align with
the current needs of the Company. Effective November 3, 2009
the board has reassigned Janice L. Scites and William R. Sayre from the
Audit Committee to the Compensation Committee, thereby filling two vacant
positions in the Compensation Committee. Also effective
November 3, 2009, Goodrich and Robert will join the Audit Committee,
although Robert will not be a voting member until her election to the
board in May.
|