Central Maine Power Announces President & CEO Sara Burns to Retire
After 30 years at CMP, Burns to Continue on as Board Member of Avangrid Networks
FOR IMMEDIATE RELEASE
AUGUSTA, Maine November 5, 2017 Central Maine Power Co. (CMP), an indirect subsidiary of AVANGRID Inc. (NYSE: AGR), a diversified energy and utility company, announces that President and CEO Sara J. Burns intends to retire at the end of 2017. Ms. Burns also will step down from her role of oversight for Asset Management and Planning, Business Development, and Regulatory Strategy for Avangrid Networks, Inc. Ms. Burns will join the Avangrid Networks Board of Directors in January 2018. Burns joined CMP in 1987, and after serving in various executive positions, she was named President in 1998 and CEO in 2005.
In addition to her career as a business leader, Ms. Burns remains an active civic leader in Maine as a member of the board of directors for Colby College, her alma mater. She is also a member of the board of directors of The Mitchell Institute and the Augusta Board of Trade. Burns is also Chairman of the board of directors of Maine & Company.
Following AVANGRID's succession planning process, a search is underway for CMP's new Chief Executive Officer to ensure a smooth transition.
"We thank Sara for her strong leadership of CMP. She is recognized as a civic leader in Maine and a respected professional throughout the energy industry. Sara has provided key leadership across AVANGRID through her role as head of business development, regulatory affairs, and asset management," said Bob Kump, CEO of Avangrid Networks. "We are pleased to have Sara join the board of directors of Avangrid Networks, where she will to continue to provide strategic guidance to our companies."
About AVANGRID: AVANGRID, Inc. (NYSE: AGR) is a diversified energy and utility company with more than $31 billion in assets and operations in 27 states. The company owns regulated utilities and electricity generation assets through two primary lines of business, Avangrid Networks and Avangrid Renewables. Avangrid Networks is comprised of eight electric and natural gas utilities, serving approximately 3.2 million customers in New York and New England. Avangrid Renewables operates more than 6 gigawatts of owned and controlled renewable generation capacity, primarily through wind and solar, in 22 states across the United States. AVANGRID employs approximately 6,800 people. For more information, visit www.avangrid.com.
About CMP: Central Maine Power Company (CMP) is a subsidiary of AVANGRID, Inc. (NYSE: AGR). As Maine's largest electricity transmission and distribution utility, CMP serves 618,000 homes and businesses, representing about 80% of Maine's customer base. J.D. Power and Associates has ranked the company #1 in customer satisfaction seven times. For more information, visit www.cmpco.com.