SPOKANE, Wash., March 13, 2003 — Avista Corp. announced a number of new assignments within its corporate officer team as the company continues its back-to-basics business focus and works toward restoring its financial health.
The assignments, effective March 31, are based on strategy alignment, customer focus and pending retirements within Avista’s management team.
“To return our company to a position of financial strength, we must be adaptive and flexible in all aspects of our business, including providing new opportunities for leadership development,” said Gary G. Ely, Avista board chairman, president and chief executive officer, in making the management assignments.
In preparation for the retirement of Terry L. Syms, vice president and corporate secretary, Karen S. Feltes, vice president of human resources, will take on the added responsibilities of corporate secretary. Syms, who will bring her 37-year Avista career to a close in early 2004, will serve as vice president and assistant to the chairman of the board until her retirement. Feltes will also report to Ely.
As part of its back-to-basics business approach, company operating division Avista Utilities is aligning its energy delivery operations with business, community and economic development initiatives as well as communications and marketing functions. The focus is on creating value in the communities the company serves. Roger D. Woodworth will oversee this effort as vice president of business development and service optimization. He will report to Scott L. Morris, senior vice president for Avista Corp. and president of Avista Utilities.
“We are moving forward on a clearly defined strategic path, shaped by our commitment to business growth, results improvement and exceptional customer service,” Ely said. “This alignment of functions will allow us to better meet the needs of customers while creating opportunities to enhance our current and future growth.”
Also within Avista Utilities, Lloyd Meyers, vice president of power supply, will conclude a 28-year Avista career when he retires in June. Replacing him will be Ronald R. Peterson, currently vice president and treasurer for Avista Corp. Peterson will report to Morris as vice president of energy resources and optimization for Avista Utilities.
At the corporate level, David A. Brukardt will become vice president and treasurer and will continue to oversee investor relations for Avista. Previously, he was vice president of corporate relations and strategic planning and chief communication officer. Brukardt will report to Malyn K. Malquist, Avista Corp. senior vice president and chief financial officer.
“The demands of our business and the continually evolving industry will challenge the expertise and creativity of our leaders. Our management team is dedicated to building an organization that provides exceptional service to customers and communities, enrichment for employees and long-term value for investors,” Ely said.
Avista Corp. is an energy company involved in the production, transmission and distribution of energy as well as other energy-related businesses. Avista Utilities is a company operating division that provides electric and natural gas service to customers in four western states. Avista’s non-regulated affiliates include Avista Advantage, Avista Energy and Avista Labs. Avista Corp.’s stock is traded under the ticker symbol “AVA” and its Internet address is www.avistacorp.com.