ST. LOUIS, Oct. 11, 2021 /PRNewswire/ -- Ameren
Corporation (NYSE: AEE) announced that its Board of Directors
elected Warner Baxter, current
chairman, president and chief executive officer, to the
position of executive chairman, effective January 1, 2022. Concurrent with these actions,
Marty Lyons has been elected
president and chief executive officer of Ameren and a member of the
Board of Directors effective January 1,
2022.
"Marty is an outstanding leader and is uniquely qualified to
lead Ameren during this transformational period in our industry,"
Baxter said. "I have had the opportunity to work with Marty for
over 20 years. The Board is confident that his extensive
operational and financial expertise, coupled with his strong
strategic mindset and engagement with key stakeholders, will enable
Ameren to continue delivering strong value to our customers,
communities and shareholders. I look forward to continuing to work
closely with him in his new role."
Lyons joined Ameren in 2001 as vice president and controller.
Since then, he has served in several senior leadership roles,
including chief financial officer for 10 years, president of Ameren
Services and in his current role as president, Ameren Missouri. In
all of these roles, and as a member of Ameren's Executive
Leadership Team, Lyons has gained extensive strategic, operational,
financial, risk management and regulatory experience. He has also
been active in several industry organizations, including the Edison
Electric Institute (EEI) and Nuclear Energy Institute (NEI), as
well as in several community organizations.
"I am grateful for and humbled by the opportunity to lead Ameren
during this exciting period of time for our company and industry,"
Lyons said. "I am also honored to follow in Warner's footsteps. He
has led our team to execute on a strategy that has delivered
significant value to our customers and shareholders. Working with
our dedicated co-workers at Ameren, we will remain focused on
successfully executing this strategy in the future."
"This leadership transition is consistent with Ameren's robust
succession planning process. The Board of Directors strongly
believes that Marty will provide excellent leadership at Ameren,
and working with our deep bench of leaders, deliver superior value
to our shareholders and customers," said Richard Harshman, independent lead director of
the Board of Directors. "On behalf of the Ameren Board of
Directors, I also want to thank Warner for his outstanding and
continued leadership. His track record as CEO in delivering strong,
long–term value to our customers,
communities and shareholders has been
exemplary, while at the same time, he has provided strong
leadership in the utility industry as it undergoes major
transformation. We are pleased that he will remain as
executive chairman of our board and continue to help shape the
future direction of Ameren and the industry." Harshman will remain
in his role as independent lead director.
In Baxter's new role as executive chairman, he will remain an
employee of Ameren, and Lyons will report to him. Working closely
with Lyons, Baxter will oversee key strategic matters important to
the company, including energy policy issues and the company's
transition to a cleaner energy future. He will remain actively
engaged in key energy and economic policy matters, including in his
broader industry leadership roles at the Edison Electric Institute
(EEI) and Electric Power Research Institute (EPRI). Baxter will
also continue to be actively engaged with key stakeholders and in
the community.
Baxter joined Ameren in 1995. During his career, he served in
numerous senior leadership roles at Ameren, including chief
financial officer, as well as president of Ameren Missouri. He was
named chairman, president and chief executive officer in 2014.
Under his leadership, Ameren has successfully executed a strategy
focused on robust energy infrastructure investments that are
delivering a strong long-term sustainability value proposition for
Ameren's customers, communities and shareholders. Notably, Ameren
has established a goal and is already executing a plan to achieve
net zero carbon emissions by 2050. The company has delivered
significantly better customer reliability at electric rates that
are approximately 25% below the national average, has been named
one of the top utilities in the nation by DiversityInc for
diversity and inclusion throughout his tenure as CEO, and delivered
total shareholder returns since the end of 2013 of approximately
190%, among the best in the industry. He is currently the vice
chairman of EEI and on EPRI's Executive Committee (past Chairman of
the Board). He is a member of the board of directors of U.S.
Bancorp and BJC Healthcare, and serves as vice chair of the
American Cancer Society's Coaches vs. Cancer Council.
He was past chair of Civic Progress St. Louis and now sits on the
Greater St. Louis Inc. Chairman's Executive Council.
About Ameren Corporation
St.
Louis-based Ameren Corporation powers the quality of life
for 2.4 million electric customers and more than 900,000 natural
gas customers in a 64,000- square-mile area through its Ameren
Missouri and Ameren Illinois rate-regulated utility subsidiaries.
Ameren Illinois provides electric transmission and distribution
service and natural gas distribution service. Ameren Missouri
provides electric generation, transmission and distribution
services, as well as natural gas distribution service. Ameren
Transmission Company of Illinois
operates a rate- regulated electric transmission business in the
Midcontinent Independent System Operator, Inc. For more
information, visit Ameren.com, or follow us on Twitter at
@AmerenCorp, Facebook.com/AmerenCorp, or
LinkedIn.com/company/Ameren.
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SOURCE Ameren Corporation