Evergy Appoints Kirkland B. Andrews Government Vice President and Chief Fiscal Officer

Evergy, Inc. (NYSE: EVRG) these days announced Kirk Andrews will become the company’s executive vice president and main economic officer, successful Feb. 22, 2021. Andrews fills the job at the moment held by Tony Somma, who announced his designs to depart the enterprise on January 8.

As chief financial officer, Andrews will be accountable for Evergy’s corporate money features, which include treasury, accounting, planning, tax, funds allocation, and investor relations. Andrews will also oversee the company’s overall performance management, corporate advancement and renewable electrical power progress actions. Given that March 2020, Andrews has been a member of the Evergy Board of Directors. Andrews served as a member of the board’s Strategic Review and Functions Committee, which labored with Evergy’s administration staff to craft the Sustainability Transformation Program (STP) released in August 2020 next a detailed and independent review of the company’s operations. Andrews will vacate his Evergy board posture when he assumes his new administration job.

“Kirk has a keep track of file of superb management as a main economical officer and a prosperity of information and encounter, including in the spots of company transformation, effectiveness management and renewable power tactic. As an Evergy board member, he played an integral function in the formation of our STP,” mentioned David Campbell, Evergy President and Chief Govt Officer. “Kirk evidently stands out as the finest human being for this part. I am really fired up for Kirk to join our govt team and support us to successfully execute the STP and progress the pursuits of all stakeholders and the communities we serve.”

Andrews, 53, at the moment serves as executive vice president and main financial officer of NRG Electricity, Inc. (“NRG”), a Fortune 500 built-in electric power corporation. Andrews’ concentration at NRG involved formulating NRG’s monetary and funds allocation strategies, executing the company’s portfolio and harmony sheet restructuring, overseeing the funding tactic for renewable electricity development and the generation of NRG Produce, and encouraging to guide NRG’s company transformation, which includes sizeable expense and operational enhancements across the enterprise.

Andrews joined NRG as chief fiscal officer in 2011 following a thriving 15-12 months vocation in economic services. He served as Taking care of Director and subsequently headed the North American Electric power Investment Banking group at Citigroup World-wide Marketplaces. Afterwards, he served as Managing Director and co-head of Power and Utilities?Americas at Deutsche Financial institution. All through his banking job, Andrews led numerous huge and ground breaking strategic, credit card debt, equity and commodities transactions. He presently serves on the board of administrators for RPM Intercontinental (NYSE: RPM), a substantial-performance coating, sealants and specialty chemicals enterprise, where he is a member of the Audit Committee and beforehand served as co-chair of the Functioning Advancement Committee.

“More than the past yr, I have had the opportunity to function closely with Evergy’s management group and board. I know firsthand that this is a enterprise constructing large momentum at the rear of an energizing eyesight for the future. I am thrilled to join Evergy’s leadership staff to assist bring this program to lifetime in a way that creates benefit for all of Evergy’s vital stakeholders,” Andrews mentioned. “The STP is a easy and remarkably executable plan, focused on price tag administration and financial investment in infrastructure modernization and renewables, enabling the business to advance its vital objectives of dependability, affordability, and sustainability.”

Sustainability Transformation Plan

Evergy’s STP was declared in August 2020. The strategy honors prior regulatory and merger commitments produced in connection with Evergy’s development, although furthering the company’s focus on grid modernization, renewable vitality financial investment and charge management. Underneath the STP, Evergy plans ongoing price tag self-discipline coupled with elevated process expenditure to enhance the buyer expertise and increase technique resilience and trustworthiness. These capital investments are predicted to help 5% to 6% compounded annual fee foundation expansion from 2019 to 2024, targeting EPS compounded annual progress of 6% to 8% by means of 2024, dependable with top-performing utilities.

About Evergy, Inc.

Evergy, Inc. (NYSE: EVRG) serves approximately 1.6 million customers in Kansas and Missouri. We ended up fashioned in 2018 when extensive-time period local vitality companies KCP&L and Westar Power merged. We are a leader in renewable vitality, supplying almost 50 percent of the electric power we present to homes and companies from emission-cost-free era. We aid our local communities wherever we live and function and strive to fulfill the wants of customers via electricity financial savings and ground breaking solutions.

Cautionary Statements Pertaining to Specified Ahead-looking Facts

Statements built in this push launch that are not dependent on historical specifics are forward-hunting, might involve pitfalls and uncertainties, and are meant to be as of the day when made. Forward-looking statements include things like, but are not constrained to, statements relating to our strategic strategy, such as, without the need of limitation, individuals related to earnings for every share, dividend, functioning and routine maintenance expense and capital financial investment targets the outcome of legislative attempts and regulatory and legal proceedings future energy demand upcoming electric power charges designs with respect to current and prospective long run generation resources the availability and cost of generation resources and electrical power storage goal emissions reductions and other matters relating to predicted fiscal functionality or affecting upcoming functions. Ahead-wanting statements are usually accompanied by ahead-looking words such as “anticipates,” “believes,” “expects,” “estimates,” “forecasts,” “should,” “could,” “may well,” “seeks,” “intends,” “proposed,” “jobs,” “prepared,” “target,” “outlook,” “keep on being self-assured,” “intention,” “will” or other phrases of equivalent which means. Forward-looking statements require hazards, uncertainties and other elements that could lead to true success to vary materially from the forward-looking facts.

In connection with the safe harbor provisions of the Personal Securities Litigation Reform Act of 1995, the Evergy, Inc., Evergy Kansas Central, Inc. and Evergy Metro, Inc. (collectively, the Evergy Companies) are furnishing a number of challenges, uncertainties and other elements that could result in real benefits to vary from the ahead-wanting info. These pitfalls, uncertainties and other factors incorporate, but are not restricted to: economic and temperature circumstances and any effects on gross sales, costs and costs adjustments in organization system or functions the impact of federal, state and regional political, legislative, judicial and regulatory actions or developments, which include deregulation, re-regulation, securitization and restructuring of the electric utility industry selections of regulators concerning, among other issues, consumer premiums and the prudency of operational selections this kind of as capital expenditures and asset retirements alterations in relevant rules, laws, policies, ideas or methods, or the interpretations thereof, governing tax, accounting and environmental matters, which include air and drinking water quality and squander administration and disposal the affect of weather change, which include amplified frequency and severity of important weather conditions situations and the extent to which counterparties are willing to do company with, finance the functions of or obtain energy from the Evergy Corporations due to the reality that the Evergy Providers operate coal-fired generation charges and availability of electrical energy in wholesale marketplaces current market perception of the strength market and the Evergy Corporations the affect of the Coronavirus (COVID-19) pandemic on, between other issues, revenue, benefits of functions, economic affliction, liquidity and income flows, and also on operational problems, this kind of as the availability and skill of our staff and suppliers to carry out the features that are essential to function the Evergy Businesses alterations in the strength investing markets in which the Evergy Companies take part, together with retroactive repricing of transactions by regional transmission companies (RTO) and unbiased method operators fiscal industry situations and functionality, which includes variations in curiosity premiums and credit spreads and in availability and charge of funds and the results on derivatives and hedges, nuclear decommissioning belief and pension system property and expenses impairments of prolonged-lived property or goodwill credit history scores inflation costs the changeover to a substitute for the London Interbank Made available Rate (LIBOR) benchmark curiosity amount success of threat management procedures and procedures and the potential of counterparties to satisfy their contractual commitments impact of actual physical and cybersecurity breaches, criminal exercise, terrorist attacks and other disruptions to our amenities or data technologies infrastructure or the services and infrastructure of third-get together support companies on which we count capability to have out promoting and sales plans expense, availability, good quality and timely provision of tools, materials, labor and gasoline skill to reach technology plans and the event and length of planned and unplanned generation outages delays and cost will increase of era, transmission, distribution or other assignments the Evergy Companies’ ability to regulate their transmission and distribution progress options and transmission joint ventures the inherent risks related with the ownership and procedure of a nuclear facility, such as environmental, well being, protection, regulatory and economical hazards workforce risks, including those connected to our potential to attract and keep competent personnel, retain satisfactory associations with our labor unions and control expenses of, or improvements in, retirement, health and fitness care and other benefits disruption, expenses and uncertainties brought about by or associated to the steps of people or entities, such as activist shareholders or specific interest teams, that find to affect our strategic prepare, fiscal final results or functions the likelihood that strategic initiatives, which includes mergers, acquisitions and divestitures, and very long-expression economic programs, may perhaps not develop the value that they are anticipated to accomplish in a timely method or at all problems in sustaining interactions with prospects, personnel, regulators or suppliers and other pitfalls and uncertainties.

This list of aspects is not all-inclusive because it is not attainable to forecast all factors. Additional risks and uncertainties are discussed from time to time in latest, quarterly and yearly reports submitted by the Evergy Providers with the Securities and Trade Commission (SEC). Experiences filed by the Evergy Corporations with the SEC should really also be examine for more data with regards to threat things. Every single ahead-looking assertion speaks only as of the day of the specific assertion. The Evergy Corporations undertake no obligation to publicly update or revise any forward-wanting statement, irrespective of whether as a final result of new info, long term occasions or normally, other than as essential by regulation.

News posted on 4 february 2021 at 08:05 and distributed by: