Evergy Appoints Kirkland B. Andrews Govt Vice President and Chief Economic Officer

As main economical officer, Andrews will be responsible for Evergy’s company financial features, which include treasury, accounting, preparing, tax, cash allocation, and investor relations. Andrews will also oversee the company’s overall performance management, company progress and renewable strength growth pursuits. Since March 2020, Andrews has been a member of the Evergy Board of Administrators. Andrews served as a member of the board’s Strategic Evaluation and Operations Committee, which worked with Evergy’s management workforce to craft the Sustainability Transformation Strategy (STP) launched in August 2020 next a comprehensive and impartial evaluate of the company’s operations. Andrews will vacate his Evergy board place when he assumes his new management role.

“Kirk has a track history of outstanding management as a chief economic officer and a wealth of know-how and working experience, together with in the spots of company transformation, functionality management and renewable power system. As an Evergy board member, he performed an integral function in the formation of our STP,” stated David Campbell, Evergy President and Chief Government Officer. “Kirk obviously stands out as the most effective particular person for this position. I am quite energized for Kirk to be a part of our executive workforce and enable us to productively execute the STP and progress the interests of all stakeholders and the communities we serve.”

Andrews, 53, at this time serves as executive vice president and chief monetary officer of NRG Energy, Inc. (“NRG”), a Fortune 500 built-in power company. Andrews’ emphasis at NRG provided formulating NRG’s fiscal and money allocation strategies, executing the company’s portfolio and stability sheet restructuring, overseeing the financing system for renewable electricity growth and the creation of NRG Generate, and encouraging to guide NRG’s corporate transformation, including sizeable expense and operational enhancements across the business.

Andrews joined NRG as main money officer in 2011 following a thriving 15-yr job in economic products and services. He served as Handling Director and subsequently headed the North American Ability Financial investment Banking team at Citigroup International Markets. Later, he served as Handling Director and co-head of Electric power and Utilities–Americas at Deutsche Financial institution. For the duration of his banking vocation, Andrews led a lot of big and revolutionary strategic, financial debt, fairness and commodities transactions. He at this time serves on the board of directors for RPM Worldwide (NYSE: RPM), a high-overall performance coating, sealants and specialty chemicals organization, where by he is a member of the Audit Committee and previously served as co-chair of the Operating Improvement Committee.

“Over the previous year, I have had the prospect to do the job intently with Evergy’s management crew and board. I know firsthand that this is a enterprise constructing remarkable momentum at the rear of an energizing eyesight for the future. I am excited to sign up for Evergy’s leadership staff to assistance convey this prepare to existence in a way that generates price for all of Evergy’s critical stakeholders,” Andrews stated. “The STP is a easy and extremely executable system, targeted on price tag administration and expenditure in infrastructure modernization and renewables, enabling the company to progress its vital objectives of reliability, affordability, and sustainability.”

Sustainability Transformation Prepare

Evergy’s STP was announced in August 2020. The prepare honors prior regulatory and merger commitments produced in connection with Evergy’s formation, although furthering the company’s concentrate on grid modernization, renewable energy investment decision and charge administration. Under the STP, Evergy ideas continued expense discipline coupled with elevated procedure investment decision to boost the shopper experience and strengthen program resilience and reliability. These money investments are expected to assistance 5% to 6% compounded yearly amount foundation progress from 2019 to 2024, targeting EPS compounded yearly progress of 6% to 8% as a result of 2024, consistent with top rated-performing utilities.

About Evergy, Inc.

Evergy, Inc. (NYSE: EVRG) serves about 1.6 million clients in Kansas and Missouri. We have been fashioned in 2018 when prolonged-time period area electricity vendors KCP&L and Westar Energy merged. We are a leader in renewable electricity, providing nearly 50 % of the ability we present to households and firms from emission-no cost generation. We assist our neighborhood communities wherever we stay and operate and strive to meet the desires of buyers by electrical power cost savings and innovative remedies.

Cautionary Statements Regarding Sure Ahead-seeking Facts

Statements built in this push release that are not primarily based on historic information are forward-hunting, might involve hazards and uncertainties, and are meant to be as of the date when manufactured. Ahead-wanting statements consist of, but are not constrained to, statements relating to our strategic plan, like, with no limitation, those people associated to earnings per share, dividend, functioning and upkeep cost and capital financial investment goals the end result of legislative initiatives and regulatory and lawful proceedings upcoming electricity demand from customers potential electrical power price ranges strategies with respect to current and probable future generation sources the availability and price tag of era resources and power storage concentrate on emissions reductions and other issues relating to expected money performance or influencing upcoming operations. Forward-searching statements are typically accompanied by ahead-hunting terms such as “anticipates,” “believes,” “expects,” “estimates,” “forecasts,” “should,” “could,” “may,” “seeks,” “intends,” “proposed,” “projects,” “planned,” “target,” “outlook,” “remain confident,” “goal,” “will” or other terms of comparable which means. Forward-seeking statements contain hazards, uncertainties and other aspects that could induce true success to differ materially from the forward-seeking data.

In relationship with the risk-free harbor provisions of the Non-public Securities Litigation Reform Act of 1995, the Evergy, Inc., Evergy Kansas Central, Inc. and Evergy Metro, Inc. (collectively, the Evergy Corporations) are furnishing a amount of challenges, uncertainties and other aspects that could result in genuine success to differ from the forward-seeking facts. These hazards, uncertainties and other things involve, but are not constrained to: economic and temperature situations and any affect on product sales, charges and fees adjustments in business enterprise approach or operations the influence of federal, point out and nearby political, legislative, judicial and regulatory steps or developments, such as deregulation, re-regulation, securitization and restructuring of the electrical utility industry conclusions of regulators pertaining to, among the other items, consumer rates and the prudency of operational selections these types of as money expenditures and asset retirements modifications in relevant legal guidelines, regulations, procedures, principles or practices, or the interpretations thereof, governing tax, accounting and environmental matters, which include air and drinking water high quality and squander administration and disposal the influence of local weather adjust, which include improved frequency and severity of major temperature situations and the extent to which counterparties are keen to do business enterprise with, finance the functions of or buy strength from the Evergy Corporations owing to the reality that the Evergy Firms run coal-fired generation selling prices and availability of electrical power in wholesale marketplaces current market notion of the energy field and the Evergy Firms the effect of the Coronavirus (COVID-19) pandemic on, amongst other matters, product sales, results of operations, money condition, liquidity and money flows, and also on operational challenges, this sort of as the availability and ability of our workforce and suppliers to accomplish the capabilities that are necessary to function the Evergy Corporations improvements in the strength investing marketplaces in which the Evergy Providers participate, like retroactive repricing of transactions by regional transmission businesses (RTO) and unbiased technique operators monetary sector situations and overall performance, including changes in curiosity charges and credit score spreads and in availability and value of cash and the outcomes on derivatives and hedges, nuclear decommissioning believe in and pension system assets and expenses impairments of extended-lived property or goodwill credit history scores inflation fees the changeover to a substitute for the London Interbank Offered Level (LIBOR) benchmark fascination rate efficiency of chance administration insurance policies and processes and the means of counterparties to satisfy their contractual commitments effect of physical and cybersecurity breaches, prison exercise, terrorist attacks and other disruptions to our amenities or facts technologies infrastructure or the amenities and infrastructure of 3rd-occasion company vendors on which we depend capability to have out marketing and revenue designs value, availability, high-quality and timely provision of tools, provides, labor and fuel capability to accomplish era aims and the incidence and duration of prepared and unplanned generation outages delays and price tag raises of era, transmission, distribution or other tasks the Evergy Companies’ capability to control their transmission and distribution growth strategies and transmission joint ventures the inherent risks involved with the ownership and operation of a nuclear facility, together with environmental, wellness, protection, regulatory and financial pitfalls workforce risks, including those related to our capacity to appeal to and keep capable personnel, preserve satisfactory associations with our labor unions and control prices of, or modifications in, retirement, wellness care and other benefits disruption, charges and uncertainties brought about by or linked to the actions of men and women or entities, this kind of as activist shareholders or particular curiosity groups, that look for to impact our strategic approach, fiscal final results or functions the likelihood that strategic initiatives, such as mergers, acquisitions and divestitures, and long-term economic programs, could not generate the worth that they are predicted to achieve in a well timed manner or at all problems in sustaining interactions with shoppers, employees, regulators or suppliers and other challenges and uncertainties.

This listing of factors is not all-inclusive due to the fact it is not doable to predict all factors. Extra dangers and uncertainties are discussed from time to time in existing, quarterly and yearly reviews submitted by the Evergy Firms with the Securities and Exchange Fee (SEC). Studies submitted by the Evergy Providers with the SEC need to also be read for far more information and facts regarding threat components. Every single ahead-on the lookout assertion speaks only as of the day of the specific assertion. The Evergy Firms undertake no obligation to publicly update or revise any ahead-wanting assertion, whether as a final result of new facts, long term events or if not, apart from as required by regulation.

Perspective resource edition on businesswire.com: https://www.businesswire.com/news/residence/20210204005633/en/

Supply: Evergy, Inc.

Media Contact:

Gina Penzig

Supervisor, External Communications

Telephone: 785-575-8089

[email protected]

Media line: 888-613-0003

Trader Contact:

Cody VandeVelde

Director, Trader Relations

Cellphone: 785-575-8227

[email protected]

COMTEX_380201688/2456/2021-02-04T08:01:06

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