Sempra Energy Announces Management Succession Plan
Sempra Energy (NYSE: SRE) today announced a management succession plan ahead of pending retirements in the senior management team later this year and in early 2014.
"Our ability to continue to identify and promote strong leaders has been a critical factor in our success, especially in a changing industry," said Debra L. Reed, chairman and CEO of Sempra Energy. "We are announcing several organizational changes to continue to broaden the depth and experience of our leadership team and fill key roles of those who are retiring."
All of the new management assignments are effective Jan. 1, 2014, except where otherwise noted.
Jessie J. Knight, Jr., 62, currently chairman and CEO of San Diego Gas & Electric (SDG&E), will continue as chairman of SDG&E and become Sempra Energy's executive vice president of external affairs. On March 1, 2014, Knight also will become chairman of SoCalGas. Knight has served in his current role at SDG&E since 2010. Previously, Knight was executive vice president of external affairs for Sempra Energy.
Jeffrey W. Martin, 51, currently president and CEO of Sempra U.S. Gas & Power, will become CEO of SDG&E. He has served in his current role since 2012. Prior to