PNM Resources Advances Leadership Development with Executive Promotions
PNM Resources (NYSE: PNM) announced the promotion of Don Tarry to President and COO, and Lisa Eden to Senior VP, CFO, and Treasurer, effective May 21, 2022.
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Rhea-AI Summary
PNM Resources (NYSE: PNM) announced the promotion of Don Tarry to President and COO, and Lisa Eden to Senior VP, CFO, and Treasurer, effective May 21, 2022. Tarry has been with the company since 1996, while Eden joined in 2001. These promotions are intended to strengthen leadership as the company progresses with its business plan and planned merger with Avangrid. PNM Resources reported consolidated revenues of $1.8 billion in 2021 and aims for 100% emissions-free energy by 2040, serving 800,000 customers in New Mexico and Texas.
Positive
- Promotion of Don Tarry to President and COO enhances leadership stability.
- Lisa Eden's promotion to Senior VP and CFO supports financial oversight during growth.
- Strong revenue performance of $1.8 billion indicates company stability.
- Long-term goal of 100% emissions-free energy by 2040 aligns with sustainability trends.
Negative
- None.
Details
News Market Reaction – PNM
The recorded move for PNM in the trading session of this news was -0.11%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
ALBUQUERQUE, N.M., May 19, 2022 /PRNewswire/ -- PNM Resources, Inc. (NYSE: PNM) announces the promotion of two executives as part of the company's ongoing development efforts under the continued leadership of Chairman and CEO, Pat Vincent-Collawn.
Don Tarry has been promoted to President and Chief Operating Officer of PNM Resources. Don joined PNM Resources in 1996 and has most recently served as Senior Vice President and Chief Financial Officer. Prior to the CFO role, Don served as Vice President, Controller and Treasurer and Vice President, Customer Service and Chief Information Officer.
Lisa Eden has been promoted to Senior Vice President, Chief Financial Officer and Treasurer. Lisa joined PNM Resources in 2001 and has previously served as Vice President and Treasurer; Vice President and Chief Information Officer; and Vice President, Human Resources.
"Don and Lisa are well-positioned for these roles as we focus on the continued execution of our business plan alongside our planned merger with Avangrid," said Pat Vincent-Collawn. "These promotions recognize their continued development and value to our leadership team."
Both promotions are effective May 21, 2022.
Background:
PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 2021 consolidated operating revenues of
CONTACTS: | ||
Analysts | Media | |
Lisa Goodman | Ray Sandoval | |
(505) 241-2160 | 505) 241-2782 | |
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SOURCE PNM Resources, Inc.
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