LAS VEGAS, May 20 /PRNewswire-FirstCall/ -- Walt Higgins, chairman and
chief executive officer of Sierra Pacific Resources (NYSE: SRP), announced
today the departure of four of the company's executives.
Steve Oldham, vice president of energy supply, Doug Ponn, vice president
of public policy, Paul Heagen, vice president of corporate communications and
Mark Ruelle, president of Nevada Power Company, have left the company
effective immediately. Oldham and Ponn are retiring while Heagen has said he
will return to his own consulting business and Ruelle is leaving to pursue
other opportunities.
"These individuals are among the hardest working, most capable and
dedicated, high-integrity people that I have ever had the pleasure of working
with," Higgins said. "As we move forward however, it was very clear that we
needed to make some changes in order to restore the trust and confidence of
our customers, our community and our employees."
Higgins will serve as president of Nevada Power in addition to his duties
as chairman and CEO of Sierra Pacific Resources.
SOURCE Sierra Pacific Resources
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CONTACT:
Andrea Smith of Sierra Pacific Resources,
+1-702-367-5683
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