Cleco Corp. Announces Election of Shelley Stewart Jr. to Board of Directors
March 26 2010 - 10:02AM
Marketwired
Cleco Corp. (NYSE: CNL) announced today the election of Shelley
Stewart Jr. to its board of directors effective April 1, 2010.
Stewart, 56, is the senior vice president of operational excellence
and chief procurement officer for Tyco International Ltd. (NYSE:
TYC), a diversified industrial company with operations around the
world.
Stewart has held numerous senior-level supply chain and
operational roles with leading industrial companies during his
career, including Raytheon Co. and United Technologies Corp. where
he spent 18 years. Prior to joining Tyco in 2003, Stewart was
senior vice president of supply chain for Invensys PLC, a global
technology group.
"Shelley has a wealth of operational leadership and business
experience that will be invaluable to our board," said Cleco
President and CEO Mike Madison. "We look forward to his
contributions as we continue working to implement our growth
strategy and look for additional growth opportunities that make our
company stronger and better prepared for the future."
Stewart holds a master's degree in business administration from
the University of New Haven, Conn., and earned both bachelor's and
master's degrees in criminal justice from Northeastern University
in Boston, Mass.
Stewart serves as chairman of the Institute for Supply
Management, the world's largest supply management association. His
other professional and civic affiliations include memberships on
the boards of Howard University, Boys and Girls Club, Purchasing
Magazine and Northeastern University Corp. Stewart was included in
the 2009 Black Enterprise Magazine's "100 Most Powerful Executives
in Corporate America." He also co-authored Straight to the Bottom
Line: An Executive's Roadmap to World Class Supply Management.
Stewart will be a Class III director whose term of office will
expire at Cleco's 2012 annual meeting of shareholders.
Cleco Corp. is a regional energy company headquartered in
Pineville, La. It operates a regulated electric utility company,
Cleco Power LLC, which serves about 277,000 retail customers across
Louisiana. Cleco also operates a wholesale energy business, Cleco
Midstream Resouces LLC, which includes the pending sale of Acadia
Power Station Unit 2. This year marks the 75th anniversary of Cleco
Power serving Louisiana customers. For more information about
Cleco, visit www.cleco.com.
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Analyst Contact: Cleco Corporation Russell Davis (318) 484-7501
Email Contact Media Contact: Cleco Corporation Fran Phoenix (318)
484-7467
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