MILWAUKEE, Dec. 7, 2017 /PRNewswire/ -- William M.
Farrow III, organizer, chief executive officer, president and
director of Urban Partnership Bank in Chicago, has been appointed to the board of
directors of WEC Energy Group (NYSE: WEC), effective Jan. 1, 2018.
Paul W. Jones will retire from
the board effective Dec. 31. Jones,
67, served as a director of Integrys Energy Group and joined the
WEC Energy Group board of directors when the company acquired
Integrys in 2015.
"Paul's insight and experience were invaluable in helping us to
meet and exceed our goals for cost savings and integration post the
acquisition," said Gale E. Klappa,
chairman and chief executive officer of WEC Energy Group. "I'd like
to thank Paul for his service, and we wish him and his family good
health and happiness in the years ahead."
Farrow, 62, received his bachelor's degree from Augustana College and a master of management degree
from the Kellogg School of Northwestern
University. Prior to being one of five organizers of Urban
Partnership Bank in 2010, Farrow was an advisor or contract CEO to
companies where the focus was information technology or finance.
From 2001 to 2007 Farrow served as executive vice president and
chief information officer of the Chicago Board of Trade. Farrow was senior vice
president at Bank One Corp. from 1996 to 2001.
He currently serves as a member of the board of directors of the
Federal Reserve Bank of Chicago,
Cboe Global Markets Inc., Echo Global Logistics, CoBank ACB and
NorthShore University Health Systems.
"Bill joins a strong board – a board with a diversity of
experience and background. He brings a unique blend of information
technology and financial expertise along with the critical thinking
skills that will help our company achieve its long-term
objectives," Klappa said.
WEC Energy Group (NYSE: WEC), based in Milwaukee, is one of the nation's premier
energy companies, serving 4.4 million customers in Wisconsin, Illinois, Michigan and Minnesota. The company's principal utilities
are We Energies, Wisconsin Public Service, Peoples Gas, North Shore
Gas, Michigan Gas Utilities, Minnesota Energy Resources and Upper
Michigan Energy Resources. The company's other major
subsidiary, We Power, designs, builds and owns electric generating
plants.
WEC Energy Group (wecenergygroup.com), a
component of the S&P 500, has approximately 55,000 stockholders
of record, 8,500 employees and more than $30
billion of assets.
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SOURCE WEC Energy Group