BULLETIN: Westar Energy Inc.'s CEO Indicted on Federal Charges Nov 02
- ID: 2040840
- November 2002
- Standard & Poors
Standard & Poor's Ratings Services today stated that the ratings on Westar Energy, Inc. (BB+/Watch Neg/--) and its subsidiary Kansas Gas & Electric Co. (BB+/ Watch Neg/--) would not be affected by the indictment of president and chief executive officer David Wittig on federal charges of conspiracy, fraud, misapplication of funds and money laundering in connection with an Arizona real estate deal. The indictment involves Wittig's personal conduct and does not appear to be related to Westar Energy. The company has placed Wittig on administrative leave and intends to promptly appoint an acting president and chief executive officer. Standard & Poor's will continue to monitor the company for any revisions in strategic direction that may be occur as a result...
Companies mentioned in this report are:
- Westar Energy Inc.
- Kansas Gas & Electric Co.
Action: S&P Event
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Research type: News
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