KANSAS Metropolis, Mo.–(Company Wire)–Evergy, Inc. (NYSE: EVRG) right now announced that soon after 27 yrs of assistance to the Enterprise and its predecessor, Westar Energy, Tony Somma has informed the Board of Directors that he will depart the Corporation and retire. To help a smooth changeover, Somma has agreed to keep on in his latest part as Executive Vice President and Chief Financial Officer until eventually his successor is appointed. The Corporation will carry out a research to identify its next Chief Fiscal Officer.
“Tony has experienced a distinguished job as an integral member of our management workforce,” explained Mark Ruelle, Evergy Board Chair. “His knowledge has been instrumental to making certain Evergy’s powerful monetary foundation and our means to realize charge cost savings and other merger positive aspects that are properly forward of our original system. His contributions to the improvement of our Sustainability Transformation Strategy (STP) establish on this success and position Evergy for even better progress and worth development. On behalf of the whole Board, I thank Tony for his devotion and company.”
Somma has served as Government Vice President and Chief Economical Officer of Evergy given that its formation in 2018. Formerly, he served as Main Money Officer and Treasurer of Westar Vitality since 2011 and held numerous fiscal roles at Westar Electricity just after signing up for the firm in 1994 in corporate advancement.
“Tony has founded a talented finance group to aid generate the next phase of our STP as we perform a look for for his successor,” mentioned David Campbell, President and Main Executive Officer. “I am grateful for the assistance Tony has revealed since I joined the Company and would like him the ideal in his very well-deserved retirement.”
“It has been a privilege to operate at this extraordinary firm, and I am very pleased of our a lot of accomplishments, both of those immediately after Evergy’s formation in 2018 and in my prior roles at Westar,” said Somma. “With the implementation of the STP underway and David at the helm, the time is proper for my changeover. I look forward to seeing Evergy’s ongoing results.”
About Evergy, Inc.
Evergy, Inc. (NYSE: EVRG) serves approximately 1.6 million consumers in Kansas and Missouri. We ended up shaped in 2018 when extensive-phrase regional vitality vendors KCP&L and Westar Strength merged. We are a leader in renewable energy, giving just about half of the ability we deliver to residences and firms from emission-free of charge era. We assistance our local communities exactly where we stay and perform and strive to fulfill the needs of clients via strength discounts and revolutionary answers.
Forward Searching Statements
Statements built in this press launch that are not based mostly on historical points are forward-on the lookout, may possibly include dangers and uncertainties, and are supposed to be as of the day when built. Ahead-on the lookout statements involve, but are not minimal to, statements relating to our strategic system, like, without having limitation, people linked to earnings per share, dividend, running and upkeep price and money financial investment goals the outcome of legislative initiatives and regulatory and authorized proceedings long term electrical power demand potential electric power charges strategies with respect to present and probable long run era assets the availability and charge of era means and strength storage goal emissions reductions and other issues relating to predicted economical functionality or influencing future functions. Ahead-wanting statements are frequently accompanied by forward-wanting words such as “anticipates,” “believes,” “expects,” “estimates,” “forecasts,” “should,” “could,” “may,” “seeks,” “intends,” “proposed,” “projects,” “planned,” “target,” “outlook,” “remain self-assured,” “goal,” “will” or other terms of identical that means. Ahead-searching statements contain dangers, uncertainties and other things that could lead to precise success to differ materially from the forward-searching data.
In link with the risk-free harbor provisions of the Personal Securities Litigation Reform Act of 1995, Evergy, Inc., Evergy Kansas Central, Inc. and Evergy Metro, Inc. (collectively, the Evergy Firms) are giving a amount of threats, uncertainties and other variables that could bring about genuine success to differ from the forward-looking facts. These pitfalls, uncertainties and other things contain, but are not constrained to: financial and temperature problems and any impact on income, rates and prices adjustments in business approach or functions the influence of federal, condition and neighborhood political, legislative, judicial and regulatory steps or developments, which include deregulation, re-regulation, securitization and restructuring of the electric utility business selections of regulators about, among the other issues, purchaser fees and the prudency of operational conclusions this kind of as funds expenses and asset retirements changes in relevant laws, regulations, rules, concepts or procedures, or the interpretations thereof, governing tax, accounting and environmental matters, which include air and h2o good quality and waste administration and disposal the effect of local weather modify, like greater frequency and severity of significant climate gatherings and decreased desire for coal-based mostly electricity charges and availability of electrical energy in wholesale marketplaces marketplace notion of the electrical power market and the Evergy Organizations the impression of the Coronavirus (COVID-19) pandemic on, among other factors, profits, final results of operations, monetary affliction, liquidity and dollars flows, and also on operational problems, this sort of as the availability and capability of our workforce and suppliers to accomplish the features that are vital to function the Evergy Corporations adjustments in the electrical power trading marketplaces in which the Evergy Companies take part, which includes retroactive repricing of transactions by regional transmission businesses and independent technique operators economic market ailments and general performance, together with improvements in desire premiums and credit score spreads and in availability and price of funds and the effects on derivatives and hedges, nuclear decommissioning believe in and pension strategy belongings and expenses impairments of long-lived belongings or goodwill credit history scores inflation premiums the transition to a alternative for the London Interbank Supplied Price (LIBOR) benchmark desire rate success of chance management guidelines and treatments and the potential of counterparties to fulfill their contractual commitments effect of terrorist functions, which include cyber terrorism ability to have out promoting and revenue ideas charge, availability, top quality and well timed provision of machines, supplies, labor and fuel capability to achieve era objectives and the prevalence and period of planned and unplanned generation outages delays and price tag will increase of era, transmission, distribution or other projects the Evergy Companies’ means to take care of their transmission and distribution enhancement designs and transmission joint ventures the inherent risks related with the ownership and operation of a nuclear facility, together with environmental, well being, basic safety, regulatory and money challenges workforce hazards, such as these associated to enhanced prices of, or changes in, retirement, health care and other added benefits disruption, fees and uncertainties brought on by or associated to the actions of individuals or entities, these types of as activist shareholders or specific fascination teams, that look for to affect our strategic system, monetary benefits or functions the probability that strategic initiatives, such as mergers, acquisitions and divestitures, and extended-phrase financial designs, may perhaps not produce the benefit that they are envisioned to reach in a timely method or at all issues in preserving associations with clients, staff members, regulators or suppliers and other hazards and uncertainties.
This checklist of things is not all-inclusive for the reason that it is not feasible to forecast all components. Added hazards and uncertainties are reviewed from time to time in recent, quarterly and annual experiences submitted by the Evergy Corporations with the Securities and Exchange Fee (SEC). Studies filed by the Evergy Providers with the SEC must also be read for extra information and facts concerning danger variables. Each individual ahead-looking assertion speaks only as of the day of the distinct assertion. The Evergy Companies undertake no obligation to publicly update or revise any forward-hunting statement, whether as a final result of new information, foreseeable future gatherings or if not, other than as necessary by law.
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