CVPS CFO Plans Departure for Electric Power Research Institute
February 22 2012 - 3:00PM
Marketwired
Pamela Keefe, who as senior vice president and chief financial
officer of Central Vermont Public Service (NYSE: CV) played a
critical role in the company's financial recovery and return to
investment grade, has been appointed CFO of the Electric Power
Research Institute effective April 1. Keefe will remain at CVPS
until March 30 to ensure a smooth transition.
"Pam has done a fantastic job for CVPS, our shareholders and our
customers," President and CEO Larry Reilly said. "Following her
arrival in 2006, when CVPS's debt was below investment grade, Pam
significantly improved our financial reporting, helping make it
clearer and more informative, and played a critical role in
improving CVPS's access to capital through both debt and equity
markets, to the benefit of shareholders and customers alike.
"Her commitment to accuracy and clarity helped make CVPS among
the most trustworthy companies in America, according to Forbes, and
her expertise helped return the company to investment grade in a
timely manner after our downgrade in 2005," Reilly said. "In my
estimation, EPRI is getting one of the best in the industry."
Keefe said she began to explore potential opportunities
available through the merger of CVPS and Green Mountain Power,
which is now before state and federal regulators, but decided the
EPRI position was too good to pass up.
"I am excited to be joining such a prestigious institution,
which conducts critical research and development relating to the
generation, delivery and use of electricity -- serving an industry
I have been pleased to be a part of for the past several years,"
Keefe said. "EPRI's research must be actionable and have
demonstrated value. That kind of real-world applicability is
critically important to the electric power industry. In my new
role, I will benefit a great deal from all I have learned about the
industry during my tenure at CVPS."
EPRI, based in Palo Alto, Calif., is an independent, non-profit
company performing research, development and demonstration in the
electricity sector for the benefit of the public. EPRI brings
together its own scientists and engineers and experts from academia
and industry to address challenges related to electricity,
including reliability, efficiency, health, safety and the
environment.
EPRI also provides technology, policy and economic analyses to
drive long-range research and development planning, and supports
research in emerging technologies. EPRI's members represent more
than 90 percent of the electricity generated and delivered in the
United States, and international participation extends to 40
countries.
Keefe joined CVPS as CFO in June 2006, having previously served
as senior director of financial strategy and assistant treasurer at
IDX Systems Corporation in South Burlington, a major manufacturer
of medical systems software with annual revenues of over $600
million and offices in the U.S., London, Tel Aviv and Shanghai. It
was acquired by GE Healthcare in 2005.
Keefe will split her time with EPRI between Charlotte, N.C., and
Palo Alto, Calif.
Contact: Media: Steve Costello (802) 747-5427
Investors: Pam Keefe (802) 747-5435
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