AGL Resources Names Treasurer and New Vice President of Tax
November 03 2010 - 3:51PM
PR Newswire (Canada)
ATLANTA, Nov. 3, 2010 /CNW/ -- 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. Alan Chapple, Office: +1-404-584-4095, Cell:
+1-404-783-3011, achapple@aglresources.com Web Site:
http://www.aglresources.com
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