PPL Corporation Names New Treasurer
20 Dec, 2017, 11:00 ET
ALLENTOWN, Pa., Dec. 20, 2017 /PRNewswire/ -- PPL Corporation (NYSE:PPL) announced on Wednesday (12/20) that it is promoting Assistant Treasurer Tadd J. Henninger to the position of vice president and treasurer effective Jan. 1, 2018.
In addition, the company announced that current vice president-Investor Relations and treasurer, Joseph P. Bergstein, Jr., will become vice president-Investor Relations and Corporate Development & Planning.
"We are pleased to promote Tadd, who under Joe's leadership has maintained PPL access to the capital it needs to grow and invest in new energy infrastructure," said Vincent Sorgi, senior vice president and Chief Financial Officer. "Our confidence in Tadd allows us to shift Joe's focus, enabling him to oversee strategic business development for PPL in addition to his current roles overseeing PPL's investor relations and business planning activities."
Henninger, who joined PPL in 2009, has served as assistant treasurer since December 2015 and is responsible for treasury activities, including capital markets transactions and mitigation of interest rate and foreign currency risk. Prior to his current role, Henninger supported PPL utility acquisitions totaling more than $14 billion in Kentucky and the United Kingdom. Before joining PPL, he was a senior manager at public accounting firm Ernst & Young, where he had more than 10 years of experience serving the utility sector and other sectors.
Bergstein, who started at PPL in 1999, also has served in his current role since December 2015, overseeing PPL's Investor Relations program and providing leadership over the company's corporate budgeting, financing and investing activities. Bergstein led PPL Investor Relations during the company's utility acquisitions in Kentucky and the United Kingdom, as well as during the spinoff of its competitive generation business. Prior to joining PPL, he worked at Amerigas Partners, L.P.
Both Bergstein and Henninger will report to Sorgi.
Headquartered in Allentown, Pa., PPL Corporation (NYSE: PPL) is one of the largest companies in the U.S. utility sector. PPL's seven high-performing, award-winning utilities serve 10 million customers in the U.S. and United Kingdom. With about 13,000 employees, PPL is dedicated to providing exceptional customer service and reliability and delivering superior value for shareowners. To learn more, visit www.pplweb.com.
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SOURCE PPL Corporation
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