American utility Vectren Corporation has named Carl Chapman as its new president and COO, effective November 1, 2007.
Mr Chapman was named executive vice president and chief operating officer of Vectren in 2004. He previously served as executive vice president of Vectren as well as president of Vectren Enterprises, Vectren’s holding company for its nonregulated subsidiaries and affiliates.
Niel Ellerbrook, chairman and CEO of Vectren, said: Carl continues to be one of our organization’s most trusted leaders. He has not only been the architect of many of our innovative utility initiatives, but much of our nonutility business portfolio as well. He is a strong visionary and a seasoned industry executive.
Mr Chapman said: I’m honored to accept this challenge and appreciate the board’s confidence and support from our management team. Since the merger in 2000, Vectren has led many important statewide utility issues and has been an important voice in the ongoing national energy policy debate.
I will continue engaging our talented employees to grow our utility and non-utility businesses in a way to make our customers, investors and communities proud. We will build on our conservation programs in Indiana and Ohio, look for additional renewable energy options and ensure the enterprise is positioned for sustained, long-term growth.