Wisconsin Energy board elects Leverett president; Klappa remains chairman and
MILWAUKEE, July 19, 2013
MILWAUKEE, July 19, 2013 /PRNewswire/ --The board of directors of Wisconsin
Energy Corporation (NYSE: WEC) named Allen L. Leverett president, effective
Leverett, 46, currently serves as an executive vice president of Wisconsin
Energy and head of the company's power generation group. He will succeed Gale
E. Klappa as president of the corporation. Klappa, 62, will continue as
chairman of the board and chief executive officer. Klappa has held all three
positions since May of 2004.
"Allen has extensive experience in system planning, finance, strategy
development and every aspect of our power generation business. He has been a
key contributor to our success over the past decade, and today's announcement
recognizes his excellent leadership skills and his broader operational role in
the company," Klappa said. "Allen and I will continue to work closely
together to deliver exceptional service for our customers and ongoing value
for our stockholders."
Leverett was appointed president and chief executive officer of We Generation
in March of 2011. Today, he has overall responsibility for Wisconsin Energy's
electric generation portfolio, fuel procurement, environmental compliance and
the company's strategy for renewable energy development. He also leads the
company's human resources group.
Leverett joined Wisconsin Energy in 2003, as chief financial officer. In May
2004, he was named executive vice president and chief financial officer of
Wisconsin Energy and We Energies. Prior to joining the company, he served as
chief financial officer and executive vice president of Georgia Power Co. in
Atlanta, Ga. Before that, Leverett was vice president and treasurer of
Southern Company Services with overall responsibility for financial planning
and analysis, capital markets and leasing, treasury and investor relations.
Previously, Leverett held a variety of positions in transmission planning,
integrated resource planning, strategic planning, wholesale marketing and
Leverett earned his bachelor's degree, summa cum laude, in electrical
engineering and mathematics from Vanderbilt University, Nashville, Tenn. He
also earned a master's degree in electrical engineering from Stanford
University, Palo Alto, Calif., and a Master of Business Administration degree
with a finance concentration from Auburn University, Auburn, Ala.
Leverett is a director of American Transmission Company and nonexecutive
chairman of Church Mutual Insurance Company. He is also a member of the board
of directors of the Discovery World Museum and the board of trustees of
Alverno College, both in Milwaukee.
Wisconsin Energy Corporation (NYSE: WEC), based in Milwaukee, is one of the
nation's premier energy companies, serving more than 1.1 million electric
customers in Wisconsin and Michigan's Upper Peninsula and 1.1 million natural
gas customers in Wisconsin. The company's principal utility is We Energies.
The company's other major subsidiary, We Power, designs, builds and owns
electric generating plants.
Wisconsin Energy (wisconsinenergy.com), a component of the S&P 500, has more
than $14billion of assets, approximately 4,500 employees and more than 41,000
stockholders of record.
SOURCE Wisconsin Energy Corporation
Contact: Brian Manthey (news media), 414-221-4444,
firstname.lastname@example.org, or Colleen F. Henderson, CFA (analysts),
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