LAS VEGAS, Nov. 28 /PRNewswire-FirstCall/ -- Sierra Pacific Resources
(NYSE: SRP) today announced that Donald D. Snyder, former president and board
member of Boyd Gaming Corporation and a long-time leader in the State of
Nevada business community, has been elected to its board of directors,
effective immediately.
Walter Higgins, chairman and chief executive officer of Sierra Pacific
Resources, said, "Don Snyder brings a wealth of management and financial
expertise in key industries within our State and currently is active on
numerous boards and community endeavors important to our company's customer
base. These activities, coupled with his diversified and distinguished career
history in Nevada, demonstrate that he understands our areas of
operation -- both past and present -- and will be very helpful as our company
moves forward."
Snyder, 58, retired from Boyd Gaming in March, 2005, having served as the
casino company's president since January 1997. His prior business experience
included 22 years with First Interstate Bank, including four years as chairman
of the board and CEO of First Interstate Bank Nevada which was then the
state's largest full service bank. Immediately prior to joining Boyd, he was
president and chief executive officer of the Fremont Street Experience in
downtown Las Vegas and remains chairman of that organization's governing
board.
Among his many business, charitable and civic activities, Snyder presently
is chairman of the Las Vegas Performing Arts Center Foundation and serves on
the boards of the Nevada Development Authority (past chairman), UNLV
Foundation (past chairman), and Nathan Adelson Hospice (past chairman). His
other board service in recent years has included the Las Vegas Convention and
Visitors Authority, Nevada Resort Association and United Way of Southern
Nevada (past chairman).
He has founded or co-founded several new businesses, including BankWest of
Nevada. He also was a board member for several gaming and non-gaming
companies, including current service on the boards of BankWest and its parent,
Western Alliance Bancorporation, Cash Systems, Inc. and Switch Business
Solutions L.L.C.
A cum laude graduate of the University of Wyoming with a Bachelor of
Science degree in Business Administration, Snyder also completed the Graduate
School of Credit and Financial Management program at Stanford University. In
2002, he received an Honorary Doctor of Laws degree from University of Nevada,
Las Vegas. He and his wife, Dee, have been married 34 years and have three
children.
ABOUT SIERRA PACIFIC RESOURCES
Headquartered in Nevada, Sierra Pacific Resources is a holding company
whose principal subsidiaries are Nevada Power Company, the electric utility
for most of southern Nevada, and Sierra Pacific Power Company, the electric
utility for most of northern Nevada and the Lake Tahoe area of California.
Sierra Pacific Power Company also distributes natural gas in the Reno-Sparks
area of northern Nevada. Other subsidiaries include the Tuscarora Gas
Pipeline Company, which owns a 50 % interest in an interstate natural gas
transmission partnership.
SOURCE Sierra Pacific Resources
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CONTACT: Media, Sonya Headen, +1-702-367-5222, or Analysts, Britta Carlson, +1-702-367-5624, both for Sierra Pacific Resources
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