Westar Energy announces appointment of two new directors

TOPEKA, Kan., June 27, 2003 — Westar Energy announced the appointment of two new directors to its board. They are Mollie Hale Carter and Arthur B. Krause.

“I am pleased to welcome Mollie and Art as directors,” said Charles Q. Chandler, IV, Westar Energy chairman of the board. “Their relevant experience complements that of our other board members and expands our board’s strengths and diversity.”

Since 1996, Carter has been on the board of directors of Archer Daniels Midland (ADM), where she chairs both the nominating and corporate governance committees and serves on the audit committee. She chairs the board of Sunflower Banks, Inc. of Salina, Kansas, and is Vice President of Star A, Inc., a company with Kansas agricultural and other investment interests held by her family.

She was formerly Senior Investment Officer of John Hancock Mutual Life Insurance Company, in which capacity she directed lending services to agribusinesses. She has a master of business administration degree from Harvard Business School and graduated from Dartmouth College with a bachelor’s degree in economics. Carter, her husband and two children reside in Shawnee Mission, Kansas.

Krause retired from Sprint in June 2002, where he served as Executive Vice President and Chief Financial Officer for 14 years. In addition to his responsibilities for finance and accounting, and large-scale transactions, he directed real estate portfolios and supply chain functions, and at various times, information technology and human resources. He had responsibility for up to 5,000 employees.

During his 31-year career with Sprint and its predecessor companies, Krause served in several other executive positions: President of United Telephone, Eastern Group; Senior Vice President of Administration for the United Telephone system; and Vice President of Finance of United Telephone, Ohio. He currently serves on two other boards: Inergy, a Kansas City-based, publicly held firm in the retail propane business; and Call-Net Enterprises, a publicly held Canadian company affiliated with Sprint. He graduated from Marquette University with a bachelor of science degree in accounting. Krause and his wife reside in Leawood, Kansas.

Larry Irick, Vice President and General Counsel for Westar Energy, has resigned as a member of the board of directors. Westar Energy had previously reported that Irick would resign upon the appointment of additional outside directors. Irick continues in his position as Vice President and General Counsel. Jim Haines, President and Chief Executive Officer, is the sole member of management serving on the board of directors.

Westar Energy, Inc. (NYSE: WR – News) is the largest electric utility in Kansas and owns interests in monitored security and other investments. Westar Energy provides electric service to about 653,000 customers in the state. Westar Energy has nearly 6,000 megawatts of electric generation capacity and operates and coordinates more than 36,600 miles of electric distribution and transmission lines. The company has total assets of approximately $6.6 billion, including security company holdings through ownership of Protection One, Inc. (NYSE: POI – News) and Protection One Europe. Through its ownership in ONEOK, Inc. (NYSE: OKE – News), a Tulsa, Okla.- based natural gas company, Westar Energy has a 27.5 percent interest in one of the largest natural gas distribution companies in the nation, serving more than 1.9 million customers.

For more information about Westar Energy, visit http://www.wr.com.


Previous articleCommission issues sweeping show cause orders to companies alleged to have gamed western energy markets; hearings set to explain actions, address remedies
Next articleELP Volume 81 Issue 7

No posts to display