Dennis R. Wraase, Chairman and Chief Executive Officer of Pepco
Holdings, Inc. (NYSE:POM), today announced the promotion of four key
executives to further advance the company’s
financial, reliability and customer satisfaction goals.
Charles R. Dickerson, currently Vice President, Strategic Planning and
Chief Risk Officer, will assume the role of Vice President, Customer
Care. Dickerson will be responsible for day-to-day operations in
customer care and the customer experience. Dickerson has been with the
company for 19 years and held several senior level positions, including
Manager, Customer Operations Division, Director - Diversity and Human
Resources Strategic Planning, and Vice President, Gas Delivery for PHI
subsidiary, Delmarva Power.
Assuming the role of strategic planning is Kevin M. McGowan, currently
Vice President, Financial Planning and Budgeting. His new title will be Vice
President, Strategic and Financial Planning. In his new role,
McGowan will be responsible for the company’s
strategic and financial planning in addition to his current
responsibilities which include financial analysis and reporting of the
Power Delivery group and the management of PHI Investments. McGowan
joined the company in 1998 and has held several key positions including,
Vice President and Treasurer and Senior Vice President and CFO of PHI
subsidiary, Potomac Capital Investments.
Michael W. Maxwell, currently Vice President, Safety and Strategic
Services, will assume the role of Vice President, Asset Management.
Maxwell will be responsible for assuring the short and long term
performance and reliability of the transmission, substation and
distribution assets of PHI’s regulated
utility subsidiaries. Maxwell has been with the company for 21 years and
has held several senior positions including, Manager, Overhead
Maintenance and Construction, General Manager, System Operations and
Vice President, Emergency Preparedness.
Mark W. Finfrock, currently Director, Risk Management, will add Chief
Risk Officer to his title. Finfrock will be responsible for assuring
that significant risks to the corporation are identified and managed on
an ongoing basis and have a dotted line reporting relationship to Dennis
Wraase, PHI Chairman and CEO. Finfrock joined PHI subsidiary Delmarva
Power and Light in 1987 and has held several positions in strategic
planning and risk management, including investment oversight of Conectiv’s
pension and benefit assets (prior to Conectiv’s
merger with Pepco), venture capital investments and management of the
insurance and claims department.
“We're fortunate to have the depth of talent
here at PHI that Charles, Kevin, Mike, and Mark bring as they move into
their new roles,” said Dennis Wraase. “These
changes are a result of our succession planning and are critical to our
financial planning and risk management efforts and our focus on
transmission and delivery reliability and customer satisfaction.”
These promotions come on the heels of the recent appointments of William
M. Gausman, from Vice President, Asset Management, to Senior Vice
President, Asset Management and Planning, for PHI’s
regulated utility subsidiaries and Michael J. Sullivan, from Vice
President, Customer Care, to Senior Vice President, Operations, for PHI’s
regulated utility subsidiaries. Dickerson will report to Sullivan and
Maxwell will report to Gausman. McGowan and Finfrock will report
directly to Paul Barry, PHI Senior Vice President and Chief Financial
Officer.
These promotions are effective May 15.
About PHI: Pepco Holdings, Inc., headquartered in Washington,
D.C., delivers electricity and natural gas to about 1.9 million
customers in Delaware, the District of Columbia, Maryland, and New
Jersey, through its subsidiaries Pepco, Delmarva Power and Atlantic City
Electric. PHI also provides competitive wholesale generation services
through Conectiv Energy and retail energy products and services through
Pepco Energy Services.
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