BULLETIN: Westar Energy Inc. Names New CEO Nov 02
- ID: 2040559
- November 2002
- Standard & Poors
Standard & Poor's Ratings Services noted today that the election of James S. Haines, Jr. as director, chief executive officer (CEO) and president of Westar Energy, Inc. (BB+/Watch Neg/--), effective Dec. 9, 2002, may help to restore currently strained regulatory relationships and strengthen the company's frail financial condition. The Board of Directors will also elect a new chairman from among its independent directors on Dec. 11, 2002. Mr. Haines replaces former president and chief executive officer David Wittig who resigned on Nov. 22, 2002, after being placed on administrative leave on Nov. 7, 2002. Mr. Haines has extensive experience as an executive in the utility industry, having worked with Westar's predecessor companies for 16 years, most recently serving as the...
Companies mentioned in this report are: Westar Energy Inc.,El Paso Electric Co.
Action: S&P Event
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