BOISE, Idaho, Feb. 13, 2020 /PRNewswire/ -- IDACORP, Inc.
(NYSE:IDA): IDACORP, Inc. President and Chief Executive Officer and
Idaho Power Company Chief Executive Officer Darrel T. Anderson announced today his intent to
retire on June 1, 2020. Anderson has
been with Idaho Power since 1996 and with IDACORP since its
inception in 1998.
The Board of Directors of IDACORP, Inc. and Idaho Power Company
appointed Lisa Grow to succeed
Anderson, effective June 1, 2020, and
appointed her to the IDACORP and Idaho Power Board of Directors,
effective today. Anderson will remain on the board of directors
after his retirement, subject to annual election by IDACORP's
shareholders.
"Darrel has done an outstanding job during his tenure, leading
IDACORP to a record-setting 11 consecutive years of earnings
growth. He also led Idaho Power to its best safety record in its
history," said Richard J. Dahl,
Chairman of the Board of Directors of IDACORP and Idaho Power. "We
are grateful for the vision Darrel has had for the company and his
ability to successfully balance the needs of customers, employees,
and owners."
"It has been an honor to work at Idaho Power for more than two
decades," Anderson said. "When I reflect on this company's history,
what I am most proud of is the culture we helped create together,
especially as it relates to safety, and our employees' commitment
to each other, which I witness in action every single day. I am
also extremely proud of the experienced leadership team we have in
place that will guide the organization into 2020 and beyond."
Lisa Grow, who has worked for
Idaho Power for more than 32 years, was named President of Idaho
Power in October 2019. In 2017, she
was named the company's Senior Vice President and Chief Operating
Officer, where she contributed significantly to the operational and
financial management of Idaho Power. Grow held several engineering
positions within the company before moving into management.
Lisa is a University of Idaho
electrical engineering graduate and holds a master's degree in
Business Administration from Boise State University.
"Lisa's appointment to her role is a result of purposeful
succession planning combined with her hard work and dedication to
the organization," said Dahl. "Her drive and passion for the
company and her vison for the future make her the right choice to
lead the company into 2020 and beyond."
"It has been an honor to work with and learn from Darrel, who
inspires me every day with his vision and authenticity," said
Grow. "Our company is well positioned to continue to succeed amid a
changing energy industry because of his exceptional leadership.
Darrel's passion for safety and dedication to employees will be his
legacy that will be long remembered."
Additionally, Tess Park, Vice
President of Power Supply for Idaho Power, announced her retirement
effective April 1, 2020, after 23
years with the company. The board of directors appointed
Tom J. Harvey to replace Park.
Most recently, Harvey was the General Manager of Power Supply,
Planning, Production and Operations. He started his 39-year
career at Idaho Power as an accountant after graduating from Boise
State University.
Background Information
IDACORP, Inc. (NYSE: IDA), Boise,
Idaho-based and formed in 1998, is a holding company
comprised of Idaho Power, a regulated electric utility; IDACORP
Financial, a holder of affordable housing projects and other real
estate investments; and Ida-West Energy, an operator of small
hydroelectric generation projects that satisfy the requirements of
the Public Utility Regulatory Policies Act of 1978. Idaho Power
began operations in 1916 and employs approximately 2,000 people to
serve a 24,000-square-mile service area in southern Idaho and eastern Oregon. Idaho Power's goal of 100% clean
energy by 2045 builds on its long history as a clean-energy leader
providing reliable service at affordable prices. With 17 low-cost
hydropower projects at the core of its diverse energy mix, Idaho
Power's more than 560,000 residential, business, and agricultural
customers pay among the nation's lowest prices for electricity. To
learn more about IDACORP or Idaho Power, visit www.idacorpinc.com
or www.idahopower.com.
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SOURCE IDACORP, Inc.