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Charles A. Schrock,
chairman, president and chief executive officer of Integrys Energy
Group, Inc.
, today announced the appointment of Lawrence
T. Borgard to the newly-created position of president and chief
operating officer for the holding company, effective January 1, 2014.
In his new role, Borgard will expand upon his existing
responsibilities for the company's regulated utility businesses by
assuming responsibility for the non-regulated businesses and a number
of administrative and shared services groups. Borgard will continue
to report directly to Schrock, who remains Integrys' chairman and
chief executive officer.
"The board's approval of this new executive role, and appointment of
Larry to fill it, recognizes his value to the company," said Schrock.
"It draws on his nearly 30 years of progressive leadership experience
in the electric and natural gas utilities, his reputation in the
industry, and his track record of delivering results within our
company."
"This is a natural step in our succession planning, an enhancement of
our bench strength at the executive level, and positions the company
well for the future," he added.
Borgard began his career at Wisconsin Public Service in 1984 as an
associate engineer. He subsequently held positions in, and managed,
areas including field operations, regulatory compliance,
transmission, and planning. More recently, he has held a number of
executive-level positions within Integrys and its subsidiaries.
He holds a Bachelor of Science degree in electrical engineering from
Michigan State University and a master's degree in business
administration from the University of Wisconsin - Oshkosh. He is also
a graduate of the Harvard Business School's Advanced Management
Program.
Borgard is immediate past-chairman the American Gas Association and
serves on the boards of directors for American Transmission Company,
the Metropolitan Planning Council in Chicago and Bellin Health.
About Integrys Energy Group, Inc.
Integrys Energy Group is a diversified energy holding company with
regulated natural gas and electric utility op
erations (serving
customers in Illinois, Michigan, Minnesota, and Wisconsin), an
approximate 34% equity ownership interest in American Transmission
Company (a federally regulated electric transmission company), and
nonregulated energy operations. More information about Integrys
Energy Group, Inc. is available online at www.integrysgroup.com.
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