KANSAS CITY, Mo.--(BUSINESS WIRE)--
Great Plains Energy (NYSE: GXP) and KCP&L announced today that Thomas
(Tom) Hyde, recently retired as the executive vice president, Legal,
Ethics and corporate secretary at Wal-Mart Stores, Inc., has been
appointed to the board of directors of Great Plains Energy.
“We are very pleased to announce Tom’s appointment to our board of
directors,” said Chesser. “Tom brings exceptional experience in leading
one of the world’s foremost retail companies. He will bring a wealth of
knowledge and valuable perspective to our board. We are proud to welcome
Tom to the Great Plains Energy and KCP&L family.”
Prior to joining Wal-Mart, Hyde served as senior vice president and
general counsel of Raytheon Company. At Raytheon since 1992, Tom was
responsible for the legal, corporate secretarial, ethics, export
control, real estate, insurance, environment, and health and safety
areas. Hyde has also served in a number of key legal, financial, and
general management positions for several companies including
Denver-based Manville Corporation, a building products manufacturer, and
St. Louis-based Emerson Electric, a diversified manufacturing company.
“I am excited and honored to join the Board of Directors of my hometown
utility company,” remarked Hyde. “I look forward to working with Mike
Chesser and the rest of the Board on continuing to provide long-term
earnings growth for shareholders and affordable, reliable energy for our
customers.”
A native of Kansas City, Tom graduated from the University of Kansas in
1970 with an English degree. He received his law degree from the
University of Missouri – Kansas City in 1975 and earned a master of
business administration in finance from the University of Kansas in
1981. He is a member of the board of directors for Vail Resorts, Inc.,
and was a member of the board of trustees of the U.S. Chamber of
Commerce Institute for Legal Reform and the National Urban League.
About The Companies:
Headquartered in Kansas City, Mo., Great Plains Energy Incorporated
(NYSE: GXP) is the holding company of Kansas City Power & Light Company
and KCP&L Greater Missouri Operations Company, two of the leading
regulated providers of electricity in the Midwest. Kansas City Power &
Light Company and KCP&L Greater Missouri Operations Company use KCP&L as
a brand name. More information about the companies is available on the
Internet at: www.greatplainsenergy.com
or www.kcpl.com.
Forward-Looking Statements:
Statements made in this release that are not based on historical facts
are forward-looking, may involve risks and uncertainties, and are
intended to be as of the date when made. Forward-looking statements
include, but are not limited to, the outcome of regulatory proceedings,
cost estimates of capital projects and other matters affecting future
operations. In connection with the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995, Great Plains Energy and KCP&L
are providing a number of important factors that could cause actual
results to differ materially from the provided forward-looking
information. These important factors include: future economic conditions
in regional, national and international markets and their effects on
sales, prices and costs, including but not limited to possible further
deterioration in economic conditions and the timing and extent of any
economic recovery; prices and availability of electricity in regional
and national wholesale markets; market perception of the energy
industry, Great Plains Energy and KCP&L changes in business strategy,
operations or development plans; effects of current or proposed state
and federal legislative and regulatory actions or developments,
including, but not limited to, deregulation, re-regulation and
restructuring of the electric utility industry; decisions of regulators
regarding rates the Companies can charge for electricity; adverse
changes in applicable laws, regulations, rules, principles or practices
governing tax, accounting and environmental matters including, but not
limited to, air and water quality; financial market conditions and
performance including, but not limited to, changes in interest rates and
credit spreads and in availability and cost of capital and the effects
on nuclear decommissioning trust and pension plan assets and costs;
impairments of long-lived assets or goodwill; credit ratings; inflation
rates; effectiveness of risk management policies and procedures and the
ability of counterparties to satisfy their contractual commitments;
impact of terrorist acts; ability to carry out marketing and sales
plans; weather conditions including, but not limited to, weather-related
damage and their effects on sales, prices and costs; cost, availability,
quality and deliverability of fuel; the inherent uncertainties in
estimating the effects of weather, economic conditions and other factors
on customer consumption and financial results; ability to achieve
generation goals and the occurrence and duration of planned and
unplanned generation outages; delays in the anticipated in-service dates
and cost increases of generation, transmission, distribution or other
projects; the inherent risks associated with the ownership and operation
of a nuclear facility including, but not limited to, environmental,
health, safety, regulatory and financial risks; workforce risks,
including, but not limited to, increased costs of retirement, health
care and other benefits; and other risks and uncertainties.
This list of factors is not all-inclusive because it is not possible to
predict all factors. Other risk factors are detailed from time to time
in Great Plains Energy’s and KCP&L’s quarterly reports on Form 10-Q and
annual report on Form 10-K filed with the Securities and Exchange
Commission. Each forward-looking statement speaks only as of the date of
the particular statement. Great Plains Energy and KCP&L undertake no
obligation to publicly update or revise any forward-looking statement,
whether as a result of new information, future events or otherwise.
Great Plains Energy
Media:
Katie McDonald, 816-556-2365
Director,
Corporate & Customer Communications
katie.mcdonald@kcpl.com
or
Investors:
Tony
Carreño, 816-654-1763
Director, Investor Relations
anthony.carreno@kcpl.com
Source: Great Plains Energy
