KANSAS Town, Mo.–(Organization WIRE)–Jan 8, 2021–
Evergy, Inc. (NYSE: EVRG) now announced that following 27 several years of assistance to the Business and its predecessor, Westar Strength, Tony Somma has knowledgeable the Board of Directors that he will depart the Company and retire. To help a sleek transition, Somma has agreed to continue in his current part as Govt Vice President and Chief Money Officer right up until his successor is appointed. The Corporation will carry out a search to establish its next Main Money Officer.
“Tony has experienced a distinguished job as an integral member of our management team,” stated Mark Ruelle, Evergy Board Chair. “His expertise has been instrumental to making sure Evergy’s potent economic basis and our ability to reach expense financial savings and other merger advantages that are perfectly ahead of our preliminary approach. His contributions to the advancement of our Sustainability Transformation Program (STP) make on this accomplishment and posture Evergy for even increased development and benefit creation. On behalf of the full Board, I thank Tony for his determination and assistance.”
Somma has served as Executive Vice President and Chief Fiscal Officer of Evergy because its formation in 2018. Previously, he served as Main Economical Officer and Treasurer of Westar Vitality due to the fact 2011 and held different money roles at Westar Electricity following becoming a member of the firm in 1994 in company improvement.
“Tony has founded a gifted finance corporation to assist travel the up coming period of our STP as we perform a look for for his successor,” stated David Campbell, President and Main Govt Officer. “I am grateful for the support Tony has proven due to the fact I joined the Business and would like him the greatest in his perfectly-deserved retirement.”
“It has been a privilege to do the job at this unbelievable enterprise, and I am happy of our a lot of achievements, the two just after Evergy’s development in 2018 and in my prior roles at Westar,” stated Somma. “With the implementation of the STP underway and David at the helm, the time is appropriate for my changeover. I glimpse ahead to viewing Evergy’s continued results.”
About Evergy, Inc.
Evergy, Inc. (NYSE: EVRG) serves close to 1.6 million prospects in Kansas and Missouri. We were being shaped in 2018 when lengthy-phrase regional energy suppliers KCP&L and Westar Strength merged. We are a chief in renewable electrical power, supplying nearly fifty percent of the power we deliver to houses and businesses from emission-totally free technology. We assistance our nearby communities where by we reside and perform and try to meet the requirements of prospects through electrical power price savings and progressive answers.
Forward Wanting Statements
Statements made in this press release that are not based on historical details are forward-wanting, may perhaps involve pitfalls and uncertainties, and are meant to be as of the day when manufactured. Ahead-wanting statements include things like, but are not constrained to, statements relating to our strategic plan, which includes, with out limitation, individuals linked to earnings for every share, dividend, working and upkeep expense and money expenditure objectives the consequence of legislative efforts and regulatory and legal proceedings long term electricity demand foreseeable future energy costs strategies with respect to present and prospective long run era resources the availability and price tag of generation sources and power storage focus on emissions reductions and other issues relating to anticipated financial overall performance or influencing foreseeable future operations. Ahead-hunting statements are normally accompanied by ahead-seeking words and phrases this sort of as “anticipates,” “believes,” “expects,” “estimates,” “forecasts,” “should,” “could,” “may,” “seeks,” “intends,” “proposed,” “projects,” “planned,” “target,” “outlook,” “remain confident,” “goal,” “will” or other words of very similar that means. Forward-wanting statements require hazards, uncertainties and other aspects that could result in genuine outcomes to vary materially from the forward-on the lookout facts.
In relationship with the harmless harbor provisions of the Personal Securities Litigation Reform Act of 1995, Evergy, Inc., Evergy Kansas Central, Inc. and Evergy Metro, Inc. (collectively, the Evergy Organizations) are delivering a variety of challenges, uncertainties and other aspects that could trigger true outcomes to differ from the ahead-wanting data. These risks, uncertainties and other variables consist of, but are not restricted to: financial and weather circumstances and any affect on profits, rates and expenditures adjustments in company system or functions the impact of federal, condition and regional political, legislative, judicial and regulatory actions or developments, including deregulation, re-regulation, securitization and restructuring of the electric utility business selections of regulators regarding, amid other matters, customer costs and the prudency of operational conclusions these kinds of as cash expenditures and asset retirements alterations in applicable guidelines, polices, regulations, ideas or methods, or the interpretations thereof, governing tax, accounting and environmental issues, including air and drinking water top quality and waste management and disposal the effect of local weather change, such as amplified frequency and severity of major weather conditions events and diminished demand from customers for coal-based mostly vitality costs and availability of electric power in wholesale marketplaces industry perception of the strength market and the Evergy Businesses the effect of the Coronavirus (COVID-19) pandemic on, amongst other points, product sales, benefits of operations, fiscal condition, liquidity and money flows, and also on operational problems, these types of as the availability and potential of our personnel and suppliers to execute the features that are necessary to function the Evergy Corporations variations in the strength investing markets in which the Evergy Organizations participate, such as retroactive repricing of transactions by regional transmission corporations and independent program operators economical marketplace ailments and overall performance, including adjustments in interest charges and credit history spreads and in availability and price of capital and the results on derivatives and hedges, nuclear decommissioning have faith in and pension system property and fees impairments of very long-lived belongings or goodwill credit score ratings inflation fees the transition to a substitution for the London Interbank Presented Level (LIBOR) benchmark fascination rate usefulness of risk management policies and procedures and the potential of counterparties to fulfill their contractual commitments influence of terrorist functions, which include cyber terrorism means to carry out marketing and advertising and product sales ideas cost, availability, high-quality and timely provision of products, materials, labor and gas means to obtain era plans and the occurrence and period of planned and unplanned era outages delays and value raises of technology, transmission, distribution or other projects the Evergy Companies’ skill to regulate their transmission and distribution improvement ideas and transmission joint ventures the inherent pitfalls affiliated with the possession and operation of a nuclear facility, such as environmental, well being, security, regulatory and economic dangers workforce threats, including people connected to increased expenses of, or alterations in, retirement, wellness treatment and other advantages disruption, charges and uncertainties caused by or related to the steps of people today or entities, this kind of as activist shareholders or specific fascination teams, that look for to influence our strategic plan, monetary results or operations the likelihood that strategic initiatives, together with mergers, acquisitions and divestitures, and prolonged-time period money designs, may not make the benefit that they are envisioned to attain in a timely fashion or at all problems in keeping associations with shoppers, workers, regulators or suppliers and other challenges and uncertainties.
This record of factors is not all-inclusive because it is not doable to forecast all factors. Further risks and uncertainties are talked about from time to time in latest, quarterly and annual stories filed by the Evergy Providers with the Securities and Exchange Commission (SEC). Reports submitted by the Evergy Organizations with the SEC need to also be read through for additional information and facts relating to threat variables. Just about every ahead-looking assertion speaks only as of the date of the distinct assertion. The Evergy Organizations undertake no obligation to publicly update or revise any ahead-wanting assertion, whether as a final result of new info, upcoming situations or if not, besides as necessary by regulation.
Look at resource variation on businesswire.com:https://www.businesswire.com/news/house/20210108005081/en/
Speak to: Media Call:
Supervisor, External Communications
Mobile phone: 785-575-8089
Media line: 888-613-0003Investor Make contact with:
Director, Trader Relations
Search phrase: UNITED STATES NORTH The united states MISSOURI
Sector Key phrase: UTILITIES Energy
Supply: Evergy, Inc.
Copyright Organization Wire 2021.
PUB: 01/08/2021 08:00 AM/DISC: 01/08/2021 08:00 AM