In a world of market uncertainty, changing regulatory frameworks and a rapidly expanding demand for clean energy, power and utility companies must be prepared to identify and react to change in an instant. To help companies navigate this unpredictable environment, Ernst & Young LLP announced that Dana Hanson will lead the power and utilities practice of its Advisory Services Group.
Ernst & Young offers full-scale services in the power and utility sector. The practice provides strategic, financial, risk, information technology and performance improvement services to companies in the industry.
“We are delighted to welcome Dana back to Ernst & Young,” said Bryan Segedi, vice chair of advisory services, Ernst & Young LLP. “His familiarity with this industry and deep technical knowledge will provide strong leadership to our power and utilities team, which currently serves 75 percent of Fortune 1000 power and utility companies. Dana’s guidance will be instrumental as we continue to build momentum related to our customer, supply chain, shared services, IT governance and change management service offerings.”
Hanson brings vast experience in all aspects of the energy industry, including the supply chain function, to his new role. His areas of focus include strategy, supply chain transformation, strategic sourcing, demand management, procurement transformation, warehousing and material/inventory management. In addition to his utilities industry experience, he has worked with clients in sectors including oil and gas, mining, consumer packaged goods, aircraft and defense and industrial products, he said.
“I am excited to join Ernst & Young at a time when power and utility companies face significant transformation that brings both risk and opportunity,” Hanson said. “There are many issues that will potentially change how this industry operates, including regulation and compliance activities and challenges related to infrastructure and technology. We’re working with companies to help them understand how these changes will affect their business processes.”
According to Ernst & Young’s Business Risk Report 2010 issued in July, regulation and compliance, coupled with access to credit, are the top risks facing the power and utilities industry. Changing regulatory and compliance demands challenge the industry to keep up with new requirements or face intense scrutiny by public and government audiences. Ernst & Young’s advisory power and utilities practice is working with companies to integrate risk and manage performance improvement so they can better serve their customers and achieve sustainable growth in today’s complex, competitive and risk-driven environment.
“Opportunities for improved performance and growth in this sector depend on an organization’s understanding of the enterprise risk framework and flexibility to adapt their business model to the changing market,” Hanson said. “Companies that can both navigate the pressures of an uncertain regulatory environment while managing the capital risk inherent to investment in technology and infrastructure development will be best positioned to succeed.”
Prior to his current role, Hanson was a partner in Accenture’s supply chain management practice, where he led dozens of major utilities projects in the U.S. and internationally. He served as the global leader of the utilities supply chain and sustainable supply chain practices and North American leader for the resources supply chain business. Hanson became a partner in 2000 and led utilities, oil and gas and chemicals supply chain in the U.K., Ireland and the Nordic region before assuming North America and global responsibility for the utilities supply chain practice.
Before his career with Accenture, he spent two years at Ernst & Young LLP working for the firm’s supply chain transformation practice. He joined Ernst & Young from Andersen Consulting, where he spent four years in its process practice. Previously, Hanson served seven years as an officer in the U.S. Air Force in various positions in procurement, engineering and project management.
Hanson attended the U.S. Air Force Academy and received a Bachelor of Science in Astronautical Engineering. He earned a Master of Science in Aeronautical Engineering from the Air Force Institute of Technology.