Ms Nolen will join the staff of The Rapides Foundation, a charitable foundation devoted to improving the health status of central Louisiana.

Mr Davis, a certified public accountant, has been with Cleco since 2000. Prior to that time, he was controller for a number of companies in Central and South West Corporation.

Mike Madison, president and CEO of Cleco, said: We appreciate Kathleen’s service during her tenure as CFO. She led the effort to finance Rodemacher 3, the largest generating project in our company’s history. She has done an excellent job developing financial strategies to increase shareholder value.