OKLAHOMA CITY, June 1, 2015 /PRNewswire/ -- OGE Energy Corp.
(NYSE: OGE) Chairman and CEO Pete
Delaney announced today that he has stepped down from the
CEO position to become the interim CEO of Enable Midstream Partners
in Oklahoma City. The OGE Energy Board of Directors has named
OGE Energy President Sean Trauschke CEO.
At the annual OGE Energy Shareholders meeting on May 14, 2015, Delaney announced his plan to
retire from the Company in the first quarter of 2016. His
appointment as interim CEO of Enable Midstream resulted from the
resignation of Enable Midstream's CEO last week. Enable
Midstream is a Master Limited Partnership in which OGE Energy has a
significant interest. Delaney will continue to serve as
Chairman of the Board of OGE Energy until next year as planned.
"It is an honor to be named CEO of one of the finest utilities
in the country," said Trauschke. "I look forward to building on the
success that occurred under Pete's strong leadership."
Trauschke has been with OGE Energy for six years and has served
as President of both OG&E and the parent company, OGE Energy
Corp. He will retain the title of President at both companies as he
adds the new role of CEO. Trauschke previously served as
Chief Financial Officer and, prior to OGE Energy, worked at Duke
Energy in various leadership roles.
"This move makes a lot of sense for Enable Midstream and fits in
nicely with the planned transition of OGE's leadership to
Sean Trauschke," said Delaney. "He
has proven to be an excellent leader, fully capable of taking the
Company to the next level of achievement. Sean has been
assuming increasing levels of responsibility over the last few
years, contributing greatly to our success."
Delaney served as Chairman and CEO of OGE Energy and OG&E
since 2007. He also served as CEO of OGE Energy's natural gas
midstream business then known as Enogex, which was ultimately
contributed to Enable Midstream.
OGE Energy Corp. is headquartered in Oklahoma City and is the parent company of
Oklahoma Gas and Electric Company (OG&E), a regulated electric
utility serving over 810,000 customers in Oklahoma and western Arkansas. In
addition, OGE Energy holds 26.3 percent limited partner interest
and 50 percent general partner interest in Enable Midstream
Partners, LP.
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SOURCE OGE Energy Corp.