Former Progress Energy executive Sims brings breadth of experience
PHOENIX--(BUSINESS WIRE)--
Pinnacle
West Capital Corp. (NYSE: PNW) announced today that its board of
directors has elected Paula Sims, former senior executive at Progress
Energy, to the company’s board. Sims also was appointed to the board of
directors of the company’s principal subsidiary, Arizona Public Service
Company.
The appointment, effective immediately, increases the number of Pinnacle
West directors from 10 to 11 members, of which 10 are independent
members.
“We are pleased to add the talent and perspective of Paula Sims to the
boards,” said Pinnacle West Chairman, President and Chief Executive
Officer Don
Brandt. “Her experience in business development, operations and
change management will benefit the company and its customers as we
continue to focus on delivering long-term value for all we serve.”
Sims has extensive experience in the utility industry, serving with
Progress Energy from 1999 to 2012, most recently as senior vice
president of corporate development and improvement. During her career at
Progress, she also held executive positions in Power Operations,
Regulated Services, Fossil Generation, Regulated Fuels and Progress
Fuels.
Prior to joining Progress, Sims spent 15 years with General Electric
Aircraft Engines in engineering, operations and plant management roles.
She earned a bachelor’s degree in engineering from Virginia Tech, a
master’s degree in engineering from Boston University and an MBA from
the University of North Carolina at Chapel Hill.
Sims is currently a professor of the practice of organizational behavior
at UNC Kenan-Flagler Business School and an independent consultant.
Pinnacle
West Capital Corp., an energy holding company based in Phoenix, has
consolidated assets of approximately $15 billion, about 6,200 megawatts
of generating capacity and 6,400 employees in Arizona and New Mexico.
Through its principal subsidiary, Arizona
Public Service, the Company provides retail electricity service to
nearly 1.2 million Arizona homes and businesses. For more information
about Pinnacle West, visit the Company’s website at pinnaclewest.com.
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Source: Pinnacle West Capital Corp.