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8-K - FORM 8-K - DTE ENERGY CO | k50640e8vk.htm |
EX-10.1 - EX-10.1 - DTE ENERGY CO | k50640exv10w1.htm |
EXHIBIT 99.1
DTE Energy Company
One Energy Plaza, Detroit, MI 48226-1279
One Energy Plaza, Detroit, MI 48226-1279
Aug 9, 2011
Earley leaving DTE Energy to become CEO at PG&E; Anderson elected DTE Energy Chairman of the
Board while retaining current role as President & CEO
Andersons strong leadership creates an opportunity for Earley to take on a new challenge
Andersons strong leadership creates an opportunity for Earley to take on a new challenge
DETROIT DTE Energy Executive Chairman Anthony F. Earley Jr. will retire from DTE Energy on
September 12 and become the Chairman, CEO, and President of PG&E Corporation, the parent company of
California utility Pacific Gas & Electric, effective September 13. On September 12, current DTE
Energy President and Chief Executive Officer Gerard M. Anderson will assume an additional role as
Chairman of the Board, taking the final step in a carefully planned and executed transition of
leadership at the company. Anderson will retain his current role as President and CEO.
DTE Energy is a great company and I have had seventeen and a half years of good memories, but my
work here is done, said Earley. I am proud of what we have accomplished during my time at the
company for our customers, our investors, and our employees.
Earley said he was able to accept this new opportunity because of his high level of confidence in
Anderson and the DTE Energy leadership team.
The current leadership team is the best in the industry and they have demonstrated their abilities
to be successful, he said. I can leave knowing the company is in good hands. Although it is hard
to leave both the people and the community I have grown to love and call home, I am proud of the
legacy I am leaving behind and looking forward to working with the leadership team at PG&E to
achieve this same level of success there.
Anderson, 53, was elected as President and CEO of DTE Energy in September 2010, after assuming
increasing responsibility over the past several years. Gerry
Anderson Bio He led the
work to define the companys priorities in recent years, and says the companys strategies and
objectives will remain the same.
I take great pride in leading a company that has been an important part of the fabric of our home
state for well over a century, said Anderson. We are now investing heavily to meet the energy
needs of the next century, both in Michigan and across the country. As we do that, we are working
hard to improve the experience of our customers and to continuously improve our operations. This
focus has provided strong results for both our investors and those we serve.
The transition to Gerrys leadership last September has progressed smoothly, and the board is
confident in his ability to take on this additional role, said Eugene Miller, retired Chairman and
CEO of Comerica Inc. and presiding director of the DTE Energy board of directors. We are
grateful for the leadership Tony has provided. He is leaving a legacy of service and excellence,
and we wish him the best as he moves on to serve in a new capacity.
Anderson said DTE Energy has an important role to play in being a force for growth and prosperity
in the communities it serves and the state. He noted the companys ongoing efforts to increase
support for Michigan suppliers and invest heavily in Michigan and the broader region to help create
new jobs.
He also cited examples of DTE Energys commitment to Detroit and other communities it serves,
including incentives for employees who want to move closer to the companys Detroit headquarters as
part of the recently announced Live Downtown program and the move of its call center to Detroit.
Tony has been a great mentor and friend, and I am grateful to have had the opportunity to work so
closely with him, said Anderson. He has left a lasting impression on me and all of our employees
regarding the vital role we play in our communities.
Earley, 62, has worked at DTE Energy for over 17 years. He took on the role of executive chairman
in September 2010. Prior to that, he had been CEO and chairman of the board since 1998, and was
president and COO from 1994 through 1998. Tony Earley Bio
DTE Energy (NYSE:DTE) is a Detroit-based diversified energy company involved in the development and
management of energy-related businesses and services nationwide. Its operating units include
Detroit Edison, an electric utility serving 2.1 million customers in Southeastern Michigan;
MichCon, a natural gas utility serving 1.2 million customers in Michigan; and other non-utility
energy businesses focused on gas storage and pipelines, unconventional gas production, power and
industrial projects, and energy trading. Information about DTE Energy is available at
www.dteenergy.com and at www.twitter.com/dte_energy.
Pacific Gas & Electric serves over 5 million electric and 4 million gas customers.
# # #
For further information, members of the media may contact:
Len Singer (313) 235-8809
Alejandro Bodipo-Memba (313) 235-3202
Alejandro Bodipo-Memba (313) 235-3202
DTE Energy Company
One Energy Plaza, Detroit, MI 48226-1279
One Energy Plaza, Detroit, MI 48226-1279
Gerard M. Anderson President & Chief Executive Officer DTE Energy |
Gerard M. Anderson, 53, is president and chief executive officer of DTE Energy (NYSE:DTE), a
Detroit-based diversified energy company. DTE Energy owns Detroit Edison, an electric utility
serving 2.1 million customers in Southeastern Michigan and Michigan Consolidated Gas Company
(MichCon), a natural gas utility serving 1.2 million customers in more than 550 communities
throughout Michigan. DTE Energy also owns several nationwide non-utility companies engaged in
providing energy services to large industrial customers, the transportation and storage of fuels
such as natural gas and coal, energy trading and the development of unconventional gas resources.
Anderson joined DTE Energy as vice president of non-utility business in 1993. As chief executive
officer of DTE Biomass Energy, DTE Energy Services and DTE Coal Services, he led efforts to
expand the companys landfill gas power generation business, to supply projects and services to
large industrial, institutional and commercial clients, and to provide coal and transportation
services to utilities and industrial customers. In April 1997, he became executive vice
president, DTE Energy, where he directed the companys power generation, power marketing, fuel
supply and marketing activities.
He was named president of DTE Energy in 2004 and assumed the responsibilities of chief operating
officer in 2005. He has been the architect and leader of the companys strategy to focus on cost
and operational excellence in the utility businesses and develop its non-regulated businesses.
Prior to joining DTE Energy, Anderson was a senior consultant at McKinsey & Co., Inc., an
international management consulting firm, from 1988 to 1993. There he worked closely with
clients senior management, focusing on the energy sector and financial institutions. From 1986
through 1987, he was employed with an economic forecasting group, The Research Seminar in
Quantitative Economics, and the U.S. Congressional Budget Office. Anderson also worked at R.T.K.L
Associates, Inc. and The Collaborative, Inc., serving as an engineer and project manager for
these two architectural/engineering firms from 1981 to 1985.
Anderson earned a bachelor of science degree in civil engineering at the University of Notre
Dame. He also earned a master of business administration degree and a master of public policy
degree from the University of Michigan.
Anderson is the former chairman of the Center for Energy and Economic Development and the EEI
Committee on Environment. He is a member of the board of directors of The Andersons, a
diversified public company focused on agricultural markets. He also is involved in various local
community and civic activities, serving on the board of trustees of The Nature Conservancy,
Michigan chapter; chairman of the Michigan Greenways Initiative; and as a member of the executive
committee of The Parade Company. He also serves on The Henry Ford board of trustees, the McGregor
Fund board of trustees, the board of Business Leaders for Michigan and the corporate advisory
board of the University of Michigan Ross School of Business.
DTE Energy Company
One Energy Plaza, Detroit, MI 48226-1279
One Energy Plaza, Detroit, MI 48226-1279
Anthony F. Earley Jr. Executive Chairman of the Board, DTE Energy |
Anthony F. Earley, 62, is executive chairman of the board of DTE Energy (NYSE: DTE), a
Detroit-based diversified energy company. DTE Energy owns Detroit Edison, an electric utility
serving 2.1 million customers in Southeastern Michigan and Michigan Consolidated Gas Company
(MichCon), a natural gas utility serving 1.2 million customers in more than 550 communities
throughout Michigan. DTE Energy also owns several nationwide non-utility companies engaged in
providing energy services to large industrial customers, the transportation and storage of fuels
such as natural gas and coal, energy trading and the development of unconventional gas resources.
Earley has served in many leadership positions in the utility industry. As chairman of the Edison
Electric Institute (EEI), the trade association of investor utilities, he was actively involved in
the development of national policies on energy, the environment and climate change issues. As a
former Chair of the Nuclear Energy Institute, he has played an active role in revitalizing the
nuclear industry in the United States.
Earley joined DTE Energy as president and chief operating officer in March 1994. He served as
chairman and chief executive officer of the company from 1998 until September 2010. In 2010, he
stepped down as CEO and remains as executive chairman. From 1989-1994, Earley was president and
chief operating officer of the Long Island Lighting Co. (LILCO), an electric and gas utility in New
York. Prior to 1989, he served LILCO in several other positions, including executive vice
president and general counsel. Earley joined LILCO in 1985 from the law firm of Hunton & Williams,
where he had been a partner in that firms energy and environmental team.
Earley earned a bachelor of science degree in physics, a master of science degree in engineering
and a law degree, all from the University of Notre Dame. He served as an officer in the United
States Navy nuclear submarine program where he was qualified as a chief engineer officer.
Earley serves on the board of directors of Ford Motor Company, MASCO Corporation, the Nuclear
Energy Institute, Business Leaders for Michigan (formerly Detroit Renaissance), United Way for
Southeastern Michigan and Cornerstone Schools. He is chairman of the board of Henry Ford Health
Systems, and serves on the advisory board for the College of Engineering for the University of
Notre Dame and the listed member advisory board for the New York Stock Exchange.