ATLANTA, Nov. 3, 2010 /PRNewswire-FirstCall/
-- AGL Resources (NYSE: AGL) today announced that Steve Cave has been given the additional title
of treasurer of the company, and that Grace
Kolvereid has been named vice president of tax.
"We are fortunate to have these two talented individuals in our
finance organization, and today's announcement recognizes the
outstanding quality of their work on behalf of the company," said
Andrew W. Evans, executive vice
president and chief financial officer.
"Steve has done an excellent job managing our treasury function
over the past year, a time when we have successfully completed
nearly $1.5 billion in financing
transactions, and will continue to bring significant value to the
company in that regard," Evans said. "With a strong
background in global tax planning, Grace has completely
restructured and modernized our tax organization and has developed
tax strategies that optimize our business efficiency and provide
significant value to the corporation. I am proud to be able
to recognize both Steve and Grace at this time."
Cave, who joined AGL Resources in 2001, most recently has served
as vice president of finance, overseeing the company's treasury and
finance operations, including corporate finance, cash management,
capital markets activities, bank and rating agency relationships,
investor relations, corporate budgeting and business development.
Previously, Cave was managing director of investor relations
for the company, and also has served as director of financial and
external reporting. He serves on the American Gas Association
Finance Committee, and is a member of the National Association of
Corporate Treasurers and the Association for Financial
Professionals. Cave attended Transylvania University and has a bachelor's degree
from the University of Louisville.
He also completed graduate coursework in the University of Louisville MBA program.
Kolvereid joined AGL Resources in 2006 as managing director of
Corporate Tax, overseeing the company's federal, state and
international tax compliance, tax planning and tax accounting.
Earlier, Kolvereid spent 11 years with Delta Air Lines in a number
of domestic and international tax management positions, and was
responsible for federal, state and international tax planning.
She is a member of the Tax Executives Institute and the
American Gas Association Taxation Committee. Kolvereid earned her
bachelor's degree in accounting from Lehigh
University and master's in taxation from American University. Kolvereid is a Certified
Public Accountant.
About AGL Resources
AGL Resources (NYSE: AGL), an Atlanta-based energy services company, serves
approximately 2.3 million customers in six states. The company also
owns Houston-based Sequent Energy
Management, an asset manager serving natural gas wholesale
customers throughout North
America. As an 85-percent owner in the SouthStar
partnership, AGL Resources markets natural gas to consumers in
Georgia under the Georgia Natural
Gas brand. The company also owns and operates two
high-deliverability natural gas storage facilities: Jefferson
Island Storage & Hub near the Henry Hub in Louisiana and Golden Triangle Storage in
Texas. For more information, visit
www.aglresources.com.
SOURCE AGL Resources