Lesley Elwell Named Chief Human Resources
Officer; Greg Greenwood Named Chief Strategy Officer
Evergy, Inc. (NYSE: EVRG) today announced Lesley Elwell will
join the Company as Senior Vice President and Chief Human Resources
Officer. In this role, Elwell will lead Evergy’s Human Resources
organization, with an emphasis on talent strategy, employee
engagement, organizational development and performance management.
She will report to David Campbell, Evergy’s President and Chief
Executive Officer.
“Lesley’s proven leadership will be invaluable to Evergy,” said
David Campbell, Evergy President and Chief Executive Officer. “She
brings deep expertise and experience in leadership development,
change management, diversity and inclusion, organizational
excellence, HR analytics and employee engagement. She has a
demonstrated track record of driving high performance and I’m
excited to have her join the Evergy team.”
Elwell joins Evergy with more than 25 years of experience
holding human resources and operations leadership roles for large,
publicly traded companies in consumer and business-to-business
industries, including Walmart, DIRECTV and Sprint. Currently she
serves as Chief People Officer at Kansas City-based JE Dunn, one of
the largest commercial construction firms in the United States. In
that role, she helped transform JE Dunn’s human resource function
and developed a workforce strategy to align with key strategic
business priorities.
“I can’t imagine a more exciting time to join Evergy,” Lesley
Elwell said. “Over the next decade our company will experience a
period of ongoing change given the innovative and evolving dynamics
of our industry. I am honored to join the Evergy team as the
company helps to lead the industry through this strategic
transformation.”
Elwell currently serves on the Board of Directors at Starlight
Theatre, Kansas City Global Design and Tecta America, a commercial
nationwide roofing company. She holds a Master of Engineering
Management from the University of Kansas and a Bachelor of Science
in industrial engineering from Universidad Nacional Experimental
Del Tachira in Venezuela.
Elwell succeeds Jerl Banning, who left the Company in May
2021.
In addition, Evergy announced today that Greg Greenwood,
currently Executive Vice President and Chief Administrative
Officer, has been named as Executive Vice President and Chief
Strategy Officer. Greenwood will continue to lead the Company’s
Enterprise Analytics and Continuous Improvement departments and
will work directly with David Campbell to provide strategic
oversight on the Sustainability Transformation Plan through his
anticipated departure and retirement in the middle of 2022. He then
plans to transition to an advisory role following his retirement
through early 2024.
“In his 30-year career with the company, Greg has delivered
results in a broad set of leadership roles and he brings compelling
insights and judgment to the key strategic issues that we face,”
Campbell explained. “I look forward to working closely with him as
our Chief Strategy Officer and subsequently taking advantage of his
expertise as an advisor as we advance our Sustainability
Transformation Plan.”
Sustainability Transformation Plan
Evergy’s STP was announced in August 2020. The plan honors prior
regulatory and merger commitments made in connection with Evergy's
formation, while furthering the company's focus on grid
modernization, renewable energy investment and cost management.
Under the STP, Evergy plans continued cost discipline coupled with
increased system investment to enhance the customer experience and
improve system resilience and reliability. These capital
investments are expected to support 5% to 6% compounded annual rate
base growth from 2019 to 2024, targeting EPS compounded annual
growth of 6% to 8% over the same period, consistent with
top-performing utilities.
About Evergy, Inc.
Evergy, Inc. (NYSE: EVRG) serves approximately 1.6 million
customers in Kansas and Missouri. We were formed in 2018 when
long-term local energy providers KCP&L and Westar Energy
merged. We are a leader in renewable energy, supplying nearly half
of the power we provide to homes and businesses from emission-free
generation. We support our local communities where we live and work
and strive to meet the needs of customers through energy savings
and innovative solutions.
Cautionary Statements Regarding Certain Forward-looking
Information
Statements made in this press release that are not based on
historical facts are forward-looking, may involve risks and
uncertainties, and are intended to be as of the date when made.
Forward-looking statements include, but are not limited to,
statements relating to Evergy’s strategic plan, including, without
limitation, those related to earnings per share, dividend,
operating and maintenance expense and capital investment goals; the
outcome of legislative efforts and regulatory and legal
proceedings; future energy demand; future power prices; plans with
respect to existing and potential future generation resources; the
availability and cost of generation resources and energy storage;
target emissions reductions; and other matters relating to expected
financial performance or affecting future operations.
Forward-looking statements are often accompanied by forward-looking
words such as “anticipates,” “believes,” “expects,” “estimates,”
“forecasts,” “should,” “could,” “may,” “seeks,” “intends,”
“proposed,” “projects,” “planned,” “target,” “outlook,” “remain
confident,” “goal,” “will” or other words of similar meaning.
Forward-looking statements involve risks, uncertainties and other
factors that could cause actual results to differ materially from
the forward-looking information.
In connection with the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995, Evergy, Inc., Evergy
Kansas Central, Inc. and Evergy Metro, Inc. (collectively, the
Evergy Companies) are providing a number of risks, uncertainties
and other factors that could cause actual results to differ from
the forward-looking information. These risks, uncertainties and
other factors include, but are not limited to: economic and weather
conditions and any impact on sales, prices and costs; changes in
business strategy or operations; the impact of federal, state and
local political, legislative, judicial and regulatory actions or
developments, including deregulation, re-regulation, securitization
and restructuring of the electric utility industry; decisions of
regulators regarding, among other things, customer rates and the
prudency of operational decisions such as capital expenditures and
asset retirements; changes in applicable laws, regulations, rules,
principles or practices, or the interpretations thereof, governing
tax, accounting and environmental matters, including air and water
quality and waste management and disposal; the impact of climate
change, including increased frequency and severity of significant
weather events and the extent to which counterparties are willing
to do business with, finance the operations of or purchase energy
from the Evergy Companies due to the fact that the Evergy Companies
operate coal-fired generation; prices and availability of
electricity in wholesale markets; market perception of the energy
industry and the Evergy Companies; the impact of the Coronavirus
(COVID-19) pandemic on, among other things, sales, results of
operations, financial condition, liquidity and cash flows, and also
on operational issues, such as the availability and ability of the
Evergy Companies’ employees and suppliers to perform the functions
that are necessary to operate the Evergy Companies; changes in the
energy trading markets in which the Evergy Companies participate,
including retroactive repricing of transactions by regional
transmission organizations (RTO) and independent system operators;
financial market conditions and performance, including changes in
interest rates and credit spreads and in availability and cost of
capital and the effects on derivatives and hedges, nuclear
decommissioning trust and pension plan assets and costs;
impairments of long-lived assets or goodwill; credit ratings;
inflation rates; the transition to a replacement for the London
Interbank Offered Rate (LIBOR) benchmark interest rate;
effectiveness of risk management policies and procedures and the
ability of counterparties to satisfy their contractual commitments;
impact of physical and cybersecurity breaches, criminal activity,
terrorist attacks and other disruptions to the Evergy Companies’
facilities or information technology infrastructure or the
facilities and infrastructure of third-party service providers on
which the Evergy Companies rely; ability to carry out marketing and
sales plans; cost, availability, quality and timely provision of
equipment, supplies, labor and fuel; ability to achieve generation
goals and the occurrence and duration of planned and unplanned
generation outages; delays and cost increases of generation,
transmission, distribution or other projects; the Evergy Companies’
ability to manage their transmission and distribution development
plans and transmission joint ventures; the inherent risks
associated with the ownership and operation of a nuclear facility,
including environmental, health, safety, regulatory and financial
risks; workforce risks, including those related to the Evergy
Companies’ ability to attract and retain qualified personnel,
maintain satisfactory relationships with their labor unions and
manage costs of, or changes in, retirement, health care and other
benefits; disruption, costs and uncertainties caused by or related
to the actions of individuals or entities, such as activist
shareholders or special interest groups, that seek to influence
Evergy’s strategic plan, financial results or operations; the
possibility that strategic initiatives, including mergers,
acquisitions and divestitures, and long-term financial plans, may
not create the value that they are expected to achieve in a timely
manner or at all; difficulties in maintaining relationships with
customers, employees, regulators or suppliers; and other risks and
uncertainties.
This list of factors is not all-inclusive because it is not
possible to predict all factors. Additional risks and uncertainties
are discussed from time to time in current, quarterly and annual
reports filed by the Evergy Companies with the Securities and
Exchange Commission (SEC). Reports filed by the Evergy Companies
with the SEC should also be read for more information regarding
risk factors. Each forward-looking statement speaks only as of the
date of the particular statement. The Evergy Companies undertake no
obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future events or
otherwise, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20210812005230/en/
Media Contact: Gina Penzig Manager, External
Communications Phone: 785-508-2410 Gina.Penzig@evergy.com Media
line: 888-613-0003
Investor Contact: Cody VandeVelde Director, Investor
Relations Phone: 785-575-8227 Cody.VandeVelde@evergy.com
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