NEW YORK, Aug. 31 /PRNewswire/ -- In a world of market uncertainty, changing regulatory frameworks and a rapidly expanding demand for clean energy, power and utility companies must be prepared to identify and react to change in an instant. To help companies navigate this unpredictable environment, Ernst & Young LLP announces today that Dana Hanson will lead the Power & Utilities practice of its Advisory Services Group.
Ernst & Young offers a full scale of services in the Power & Utility sector. The practice provides strategic, financial, risk, IT and performance improvement services to companies in the industry.
"We are delighted to welcome Dana back to Ernst & Young," says Bryan Segedi, Vice Chair, Advisory Services, Ernst & Young LLP. "His familiarity with this industry and deep technical knowledge will provide strong leadership to our power and utilities team, which currently serves 75% of Fortune 1000 power and utility companies. Dana's guidance will be instrumental as we continue to build momentum related to our customer, supply chain, shared services, IT governance and change management service offerings."
Hanson brings vast experience in all aspects of the energy industry, including the supply chain function, to his new role. His areas of focus include strategy, supply chain transformation, strategic sourcing, demand management, procurement transformation, warehousing and material/inventory management. In addition to his utilities industry experience, he has also worked with clients in other sectors, including oil and gas, mining, consumer packaged goods, aircraft/defense and industrial products.
"I am excited to join Ernst & Young at a time when power and utility companies face significant transformation that brings both risk and opportunity," says Hanson. "There are many issues that will potentially change how this industry operates, including regulation and compliance activities and challenges related to infrastructure and technology. We're working with companies to help them understand how these changes will affect their business processes."
According to Ernst & Young's Business Risk Report 2010 (issued this past July), regulation and compliance, coupled with access to credit, are the top risks facing the power and utilities industry. Changing regulatory and compliance demands challenge the industry to keep up with new requirements or face intense scrutiny by public and government audiences. Ernst & Young's Advisory Power & Utilities practice is working with companies to integrate risk and manage performance improvement so they can better serve their customers and achieve sustainable growth in today's complex, competitive and risk-driven environment.
"Opportunities for improved performance and growth in this sector depend on an organization's understanding of the enterprise risk framework and flexibility to adapt their business model to the changing market," says Hanson. "Companies that can both navigate the pressures of an uncertain regulatory environment while managing the capital risk inherent to investment in technology and infrastructure development will be best positioned to succeed."
Prior to his current role, Hanson was a partner in Accenture's supply chain management practice, where he led dozens of major utilities projects in the US and internationally. He served as the global leader of the utilities supply chain and sustainable supply chain practices and North American leader for the resources supply chain business. Hanson became a partner in 2000 and led utilities, oil and gas and chemicals supply chain in the UK, Ireland and the Nordic region before assuming North America and global responsibility for the utilities supply chain practice.
Before his career with Accenture, he spent two years at Ernst & Young LLP, working for the firm's supply chain transformation practice. He joined Ernst & Young from Andersen Consulting, where he spent four years in its process practice. Previously, Hanson served seven years as an Officer in the US Air Force in various positions in procurement, engineering and project management.
Hanson attended the United States Air Force Academy and received a B.S. in Astronautical Engineering. He earned a M.S. in Aeronautical Engineering from the Air Force Institute of Technology.
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The relationship between risk and performance improvement is an increasingly complex and central business challenge, with business performance directly connected to the recognition and effective management of risk. Whether your focus is on business transformation or sustaining achievement, having the right advisors on your side can make all the difference. Our 20,000 advisory professionals form one of the broadest global advisory networks of any professional organization, delivering seasoned multidisciplinary teams that work with our clients to deliver a powerful and superior client experience. We use proven, integrated methodologies to help you achieve your strategic priorities and make improvements that are sustainable for the longer term. We understand that, to achieve your potential as an organization, you require services that respond to your specific issues, so we bring our broad sector experience and deep subject matter knowledge to bear in a proactive and objective way. Above all, we are committed to measuring the gains and identifying where the strategy is delivering the value your business needs. It's how Ernst & Young makes a difference.
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SOURCE Ernst & Young LLP