Pepco Holdings appoints new board member

Pepco Holdings Inc. (PHI) announced the appointment of Paul M. Barbas to its board of directors. Barbas is former president and CEO at Dayton Power and Light Inc. (DPL Inc.) and its principal unit, The Dayton Power and Light Co. (DP&L).

Barbas led Ohio-based DPL Inc. from 2006 until its acquisition by AES Corp. in 2011. Under his leadership, DPL Inc. was named one of Forbes’ “100 Most Trustworthy Companies” in 2009 and 2010. He also served on the board of directors of DPL Inc. and DP&L from 2006 until 2011.

He previously served as executive vice president and chief operating officer of Chesapeake Utilities Corp., a diversified utility company engaged in natural gas distribution, transmission and marketing, propane gas distribution and wholesale marketing and other related services from 2005 until October 2006, as executive vice president from 2004 until 2005; and as president of Chesapeake Service Co. and vice president of Chesapeake Utilities Corp. from 2003 until 2004.

From 2001 until 2003, he was executive vice president of Allegheny Power and was responsible for the operational and strategic functions of Allegheny Energy’s regulated arm serving 1.6 million customers with 3,200 employees. He joined Allegheny Energy in 1999 as president of its ventures unit. Barbas currently serves on the audit committee and board of directors of Dynegy Inc. (Dynegy) as well as chair of Dynegy’s Compensation & Human Resources Committee.

A native of Massachusetts, Barbas was awarded an MBA in finance and marketing from the University of Massachusetts and a bachelor’s degree in economics from the College of the Holy Cross.

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