Plus   Neg

Sempra Energy CEO Debra Reed To Retire, Jeffrey Martin To Succeed - Quick Facts

Sempra Energy (SRE) announced that Chairman, President and CEO Debra Reed plans to step down as CEO and president on May 1 and retire on December 1, 2018, after a 40-year career. Reed will continue to serve as Sempra Energy's executive chairman from May until her retirement in December.

The company's board of directors has elected Jeffrey Martin, currently executive vice president and chief financial officer since January 2017, to succeed Reed as CEO. Martin also has been appointed as a new member of Sempra Energy's board, effective May 1.

Joseph Householder, currently corporate group president of infrastructure businesses for Sempra Energy since January 2017, has been elected to succeed Reed as the company's president.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Alibaba's founder and chairman Jack Ma has said that the Chinese e-commerce giant no longer plans to create 1 million jobs in the US, citing the ongoing trade conflict between the US and China as the reason. "The promise was made on the premise of friendly US-China partnership and rational trade relations,"... California's insurance regulator has filed a lawsuit against AbbVie Inc. for allegedly giving illegal kickbacks to health care providers to prescribe its arthritis drug Humira. The lawsuit filed in Alameda County Superior Court by the California Department of Insurance alleges that private insurers have paid out $1.2 billion in Humira-related pharmacy claims. Danske Bank A/S's Chief Executive Thomas Borgen resigned on Wednesday after the Danish lender announced the results of an internal probe relating to a money-laundering scandal in its branch in Estonia that involved payments of about 200 billion euros. Danske Bank said its investigation covered about 15,000 customers and a total of around 9.5 million payments through the branch.
Follow RTT