May 2023, Vol. 250, No. 5


People in the News May 2023


Spire Inc. announced that President and CEO Suzanne Sitherwood has informed the Board of her intention to retire from the company at the end of 2023, following 12 years at the helm of the St. Louis-based natural gas utility. Spire’s board of directors has initiated a search process to find a successor.

During Sitherwood’s tenure, Spire has more than quadrupled its market value and increased its enterprise value more than six-fold by acquiring four natural gas utilities, building a 65-mile interstate pipeline, transforming its marketing and trading business, and developing natural gas storage facilities serving the western U.S.

Today, Spire is one of the largest publicly traded natural gas companies in the country, serving nearly 1.7 million customers. Sitherwood has become an industry leader over her 40-plus year career and currently serves as national chair of the American Gas Association (AGA) (See related article, this issue).She also sits on multiple boards and has chaired numerous civic groups and philanthropic efforts in the St. Louis region and across the nation.  

Tenaska Marketing Ventures (TMV) has made a number of organizational changes in response to the retirement of Chief Marketing Officer Lori Bruck after 23 years with the company. Implementing a dual leadership structure to guide its origination efforts across North America, TMV has promoted both Kristen Gould and William (Bill) Geis to executive vice presidents of Origination, North America.

Gould, who has held various Trading and Origination leadership roles over the course of her more than 20 years at TMV, will lead the origination team responsible for all of Canada and the Western U.S. Geis will have responsibility for the remaining regions in the U.S. and will oversee TMV's Customer Solutions & Strategy team. He joined Tenaska in 1994 and has served in a variety of roles and departments within the company over his 29-year tenure. Also at TMV, Chris Forsman and Matt Millard have both been promoted to executive vice president of Trading. They have a combined 37 years of industry experience with the company. 

Danish coating solutions provider Hempel A/S has appointed Peter la Cour Gormsen as chief financial officer and executive vice president of Finance, effective June 1, and René Overgaard Jensen as chief transformation & information officer and executive vice president of Digital, Strategy & Transformation. Prior to joining Hempel, la Cour Gormsen served as group CFP at GN Store Nord and previously worked for Novo Nordisk, Novozymes and Chr. Hansen. He takes over from Lars Jønstrup Dollerup, who left Hempel after five years with the company. Overgaard Jensen joined Hempel in April 2021 and most recently served as head of Strategy & Transformation. He has extensive international transformation and strategy deployment experience through his previous work with PA Consulting and Maersk, where he served as head of Transformation and Process Excellence.

TES appointed Natalie Jackson as chief of capital markets and structuring as the company pursues its goal of becoming the largest e-NG producer (electric natural gas made from green hydrogen). Jackson brings more than 25 years of experience in project finance and development globally in the renewable and conventional independent power industry. Before joining TES, she served as senior vice president, head of Capital Markets & Portfolio Finance for San Francisco-based Clearway Energy Group. She also served previously as senior vice president of Global Financial Solutions for Vestas Wind Systems in Copenhagen and as vice president for Project Finance, Development & Origination at SunPower Corporation. 

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