Pinnacle West Appoints Three New Members to Board of Directors
PHOENIX, June 20, 2024 (BUSINESS WATCH GLOBAL) - Pinnacle West Capital Corp. (NYSE: PNW) has announced the appointment of three new members to its board of directors, effective July 1, 2024. The new members are Ronald Butler Jr., Carol S. Eicher, and Susan T. Flanagan. This addition expands the board from nine to twelve members, with eleven being independent.
Ronald Butler Jr., a “Big 4” public accounting firm managing partner with more than 32 years of diverse management and executive leadership experience, has been appointed to the Pinnacle West Capital board of directors effective July 1, 2024. ● Photo Credit: Pinnacle West via Business Wire
Ronald Butler Jr. brings more than 32 years of diverse management and executive leadership experience. Currently a managing partner at a "Big 4" public accounting firm, Butler has a background in advising Fortune 500 executives and corporate boards across a broad range of industries including mining, technology, and consumer products. He began his career with KPMG in 1991 and joined EY in 1995, where he became a partner in 2004 and later the managing partner of the Arizona practice in 2008. Butler will serve on the Board’s Audit and Finance committees.
Carol S. Eicher, a seasoned executive who has served in multiple board leadership roles with both public and private equity-backed businesses, has been appointed to the Pinnacle West Capital board of directors effective July 1, 2024. ● Photo Credit: Pinnacle West via Business Wire
Carol S. Eicher has over three decades of experience in global manufacturing, operations, and mergers and acquisitions. She currently serves on the boards of The Tennant Company and Arq, Inc., among other private company boards. Eicher’s senior leadership roles have included positions at The Dow Chemical Company, Rohm and Haas Company, and DuPont. She holds a Bachelor of Science degree in Chemical Engineering from the University of Pennsylvania and an MBA from York College of Pennsylvania. Eicher will join the Board’s Audit and Nuclear & Operating committees.
Susan T. Flanagan, an executive with a broad and accomplished career spanning various sectors, including regulated utilities, energy and renewables, finance and capital markets, and portfolio management, has been appointed to the Pinnacle West Capital board of directors effective July 1, 2024. Photo Credit: Pinnacle West via Business Wire
Susan T. Flanagan has a broad and accomplished career spanning various sectors including regulated utilities, energy and renewables, and finance. She has held senior roles at General Electric (GE) and has experience in corporate finance, mergers and acquisitions, and energy market advisory. Flanagan is currently an Operating Partner at Apollo Global Management. She holds a Bachelor of Science degree in Mechanical Engineering from Columbia University, a Master of Science in Aerospace Engineering from the University of Cincinnati, and an MBA from New York University’s Stern School of Business. Flanagan will serve on the Audit and Finance committees.
Jeff Guldner, Pinnacle West’s Chairman, President, and CEO, expressed confidence in the new members. "We are pleased to add the extraordinary expertise of these three accomplished leaders," Guldner said. "Ron has a thorough understanding of financial and strategic planning, operational effectiveness, and digital transformation. Carol has extensive board experience at publicly traded companies, including driving transformation across large and complex organizations. And, Susan has a rich history of practical expertise in both domestic and international energy markets."
Pinnacle West Capital Corp., based in Phoenix, has consolidated assets of nearly $25 billion and approximately 6,100 employees. Through its principal subsidiary, Arizona Public Service, the company provides retail electricity to about 1.4 million homes and businesses in Arizona.
For more information about Pinnacle West, visit www.pinnaclewest.com.
Source: Pinnacle West Capital Corp. via Business Wire
