Chris Dutton to retire from GMP, Mary Powell named CEO

first_imgMARY POWELL DESIGNATED AS GREEN MOUNTAIN POWER’SNEXT PRESIDENT AND CEO—– CEO Chris Dutton to retire August 2008 —-COLCHESTER, VT.December 4, 2007.. Mary G. Powell, 47, will become Green Mountain Power’s nextPresident and Chief Executive Officer in August 2008 when CEO Chris Dutton retires after 11years leading the Vermont electric utility, it was announced today. “We are extremely pleased that Mary Powell will succeed Chris Dutton as Green MountainPower’s new CEO, thus bringing to fruition a leadership transition plan started five years ago,”said Robert Tessier, Chair of the Green Mountain Power Board of Directors.”Mary has been a key driver in the restructuring of Green Mountain Power from a traditionalelectric utility to a high performing company that is now noted for using technology to drivecustomer satisfaction and to produce consistently strong financial results,” Mr. Tessier said inmaking known the GMP Board’s choice for a new CEO.With her promotion to the CEO position, Ms. Powell will become a member of the GreenMountain Power Board of Directors. Mr. Dutton will remain as a member of the Board followinghis retirement as CEO.Ms. Powell joined Green Mountain Power in 1998 after experience as a business owner and inbusiness management at the executive level in both the public and private sector. “I am ready and eager for this new leadership challenge to continue to create customer value andto build on the work that I have done in my 10-year association with Chris Dutton,” Ms. Powellsaid. “My focus will be further building and leveraging a strong technology platform forcustomer delivery in order to provide superior and reliable electric service in a world that is morecomplex and that demands a lighter environmental footprint. The effective replacement of ourHydro Quebec and Vermont Yankee contracts is a key focus of our leadership team and will beone of the most important decisions we make for our customers in the next decade. We plan todo that in a way that balances the needs of all stakeholders, including the climate.” Mr. Dutton, 59, said he was delighted that an executive development and leadership transitionprocess begun in 2002 has resulted in Mary’s elevation as GMP’s new CEO. “Mary Powell is quite simply one of the most talented and innovative leaders I have ever met.She is fearless as she embraces change and new thinking. Mary will lead Green Mountain Powerwith distinction and her strong common sense and clear thinking will also be an importantleadership voice for Vermont,” Mr. Dutton predicted.In announcing the future Green Mountain Power leadership, Mr. Tessier said that it was theimpressive results under Chris Dutton’s 11-year tenure as CEO that brought GMP to theattention of Gaz Metro, the Montreal-based gas distribution utility that acquired GMP earlier thisyear. “The work that Chris and his team have done in Vermont is the kind of management andleadership approach that we want as Gaz Metro seeks to expand its footprint in the NortheastUnited States,” Mr. Tessier said. “We know that with Mary Powell as Green Mountain Power’s CEO, we have the nextgeneration of leadership that fulfills our long-term strategies,” Mr. Tessier added. During Ms. Powell’s tenure at Green Mountain Power, the 92,000-customer electric distribution,transmission and utility services utility has developed three core business values: deliveringsafe, fast and effective service; being environmentally responsible; and being profitable. Green Mountain Power has been recognized for its corporate responsibility, as one of the bestplaces to work in Vermont, for its safe work environment, and in March 2003 Business Weekmagazine listed GMP on its list of top-performing small-cap companies.In February 2004, Ms. Powell was recognized by Fast Company magazine as one of the top fiftybusiness leaders in the United States for the work she led reinventing a traditional utilitycompany.Prior to joining Green Mountain Power, Ms. Powell most recently served as Senior VicePresident of Community Banking for KeyBank in Vermont. Prior to escaping to the GreenMountains, Ms. Powell worked for The Reserve Fund in New York City as the AssociateDirector of Operations. She also worked in the Human Resources Department for the State ofVermont.Ms. Powell lives in South Hero with her husband and daughter.Green Mountain Power ( is external)) is an electric utility owned by NorthernNew England Energy Corporation, a wholly owned subsidiary of Gaz Métro, a leading Québecenergy company with a long history of investment in Vermont. Green Mountain Powertransmits, distributes and sells electricity and utility construction services in the State of Vermontin a service territory with approximately one quarter of Vermont’s population. It servesapproximately 92,000 customers.- 30 –last_img

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