Salt River Project General Manager Richard H. “Dick” Silverman announced during a recent SRP board of directors meeting his plan to retire in August, marking his 45th anniversary with SRP.
“We have strong strategic and financial plans in place and a demonstrated record of customer satisfaction,” said Silverman, 70.
SRP has been ranked by J.D. Power and Associates as the best utility in the West nine years in a row.
“The reservoirs are full and our work force is well-prepared for the challenges ahead,” Silverman said. “With a slow but sure economic recovery expected, I believe it’s an appropriate time to start transitioning to a new management team.”
Following the announcement, SRP President David Rousseau said Silverman’s leadership at SRP and in the community is a source of pride.
“He will leave an indelible mark that will long be remembered,” Rousseau said. “During Dick’s time as general manager, SRP has made important investments in infrastructure, renewable resources and new technologies, and is clearly well-positioned for a rebound in the economy.”
The SRP board has retained a consultant to facilitate the process for selecting Silverman’s successor. Silverman’s successor is expected to be named later this year.
Board member Carl Weiler is one of SRP’s longest-serving elected officials.
“Fortunately, we have a deep bench of top talent in SRP’s senior management,” Weiler said. “Each brings broad experience and a unique skill set, however, Dick’s decision provides an opportunity for the board to assure our customers and shareholders that the next general manager has the expertise and experience to carry on SRP’s well-earned reputation for superior service and reliable water and energy.”
Silverman joined SRP as an attorney in 1966, serving in legal and senior management positions. He was named general manager in 1994.
Active in the community and utility industry, Silverman is past chairman of the Arizona Community Foundation, Greater Phoenix Leadership, The Barrow Foundation, St. Joseph’s Hospital and Medical Center Board and the Heard Museum. He also has chaired the Electric Power Research Institute board of directors, Large Public Power Council and is a board member of the Translational Genomics Research Institute and that University of Arizona Foundation, among other organizations.
Expressions of interest in the general manager’s position at SRP should be sent before March 18 to:
Mr. Chip U’Ren
U’Ren & Associates
PO Box 52025
Phoenix, AZ 85072-2025
SRP is the one of the nation’s largest public power and water utilities with nearly 1 million customers and annual metropolitan revenues of $2.7 billion. SRP provides electricity and water to much of the greater Phoenix area.