The board of directors of Sempra Energy have announced that CEO Jeffrey Martin has been elected chairman of the company, effective 1 December. Martin will succeed Debra Reed, who is retiring from Sempra Energy.
Martin has served as Sempra Energy's CEO since May.
"Early in his tenure as CEO, Jeff Martin has outlined a new strategy to focus on – and grow – Sempra Energy's North American business," said William Rusnack, lead independent director for Sempra Energy. "Jeff also has implemented important steps to further optimise the company's diversified business portfolio. Our board of directors strongly believes Jeff will provide the leadership necessary to continue to create long-term value for our shareholders and other key stakeholders by serving in the dual role of chairman and CEO."
In his 13 years with the Sempra Energy family of companies, Martin has held a variety of increasingly responsible leadership positions. Prior to becoming Sempra Energy's CEO in May, he was executive vice president and chief financial officer of Sempra Energy. Previously, from 2014 through 2016, Martin was CEO of San Diego Gas & Electric (SDG&E). From 2010 through 2013, Martin was president and CEO of Sempra US Gas & Power and Sempra Generation, the predecessor companies of Sempra Energy's renewable energy and midstream businesses. Prior to that, he was vice president of investor relations for Sempra Energy. He first joined Sempra Energy in 2004 as a principal working in Sempra Energy's mergers and acquisitions group.
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