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Idaho Power Company names new CEO

Idaho Power Company names new CEO
LaMont Keen will take over as chief executive officer of Idaho Power Co. effective immediately, replacing Jan Packwood, 62, who will continue as CEO and president of IdaCorp Inc., the electric utility's parent company.

"Eventually, Jan Packwood will retire at some point, and so this is just one of the steps that is taken to ensure that there is a skilled and experienced leadership in place when that day comes," said Jeff Beaman, an IdaCorp spokesman. Packwood has not said when he will retire, Beaman said.

Prior to Friday's announcement, Keen, 53, served as president and chief operating officer at Idaho Power. His chief operating officer duties will be divided among three Idaho Power senior vice presidents ? Darrel Anderson, James Miller and Daniel Minor.

"As a 31-year veteran of Idaho Power with more than 17 years of service as an officer, LaMont possesses the knowledge and experience necessary to successfully guide our company," Packwood said in a statement. "His operational and financial management skills and complementary abilities in strategic planning and issue management will be key to Idaho Power's success."

Idaho Power serves more than 450,000 customers in southern Idaho and southeastern Oregon.

The management transition came as no surprise to James Bellessa, an analyst with D.A. Davidson Co.

"We would have expected LaMont to take over the reins of the utility, and when Jan Packwood retires, he will likely take over the reins of the holding company," Bellessa said. "This is a normal evolution that the company has had ? a pattern of promoting within and developing its management talent and grooming individuals to take over the top spot."

Source >>
Business - The Idaho Statesman - Always Idaho


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