Pepco Holdings Announces Executive Management Role Changes

Pepco Holdings Announces Executive Management Role Changes

WASHINGTON--(BUSINESS WIRE)-- Pepco Holdings, Inc. (PHI) announces a change in roles for executive management. Donna J. Kinzel will move to vice president, treasurer and chief risk officer, from vice president, investor relations. Kevin M. McGowan will move to vice president, regulatory affairs, from vice president and treasurer. Both moves are effective Nov. 1.

Donna J. Kinzel, Vice President, Treasurer and Chief Risk Officer, PHI. (Photo: Business Wire)
Donna J. Kinzel, Vice President, Treasurer and Chief Risk Officer, PHI. (Photo: Business Wire)

Donna J. Kinzel, Vice President, Treasurer and Chief Risk Officer, PHI. (Photo: Business Wire)

"These changes reflect our focus on succession planning and provide for a smooth transition," said Joseph M. Rigby, chairman, president and CEO of PHI. "I'm confident in the capabilities of our team. This is a responsibility we take seriously to ensure PHI's long-term health, vitality and commitment to better serving our customers as we move ahead to face the challenges and opportunities of our industry."

Kinzel will continue to serve as the liaison to the investment community and direct PHI's interactions with analysts and investors through earnings reports, analyst meetings, conferences and other channels. She will now also oversee responsibility for treasury and corporate risk.

Kinzel joined Delmarva Power, a PHI subsidiary, in 1990 and advanced through a number of positions before being named director, investor relations, for PHI in 2004. In addition to investor relations, her responsibilities have included treasury operations, planning, budgeting and financial analysis. In 1997, she was named finance manager for the Enterprises Business Group and was named assistant treasurer in 1999.

Kinzel, a member of the National Investor Relations Institute, earned an MBA from the University of Delaware and graduated magna cum laude from the University of Delaware with a bachelor's degree in business administration.

McGowan will now oversee the regulatory matters that come before the state regulatory agencies and the Federal Energy Regulatory Commission (FERC) for PHI.

McGowan most recently was vice president and treasurer and before that role PHI's vice president of financial planning and budgeting, overseeing the company's cash management function, pension investment administration, financing and bank relations. McGowan joined the company in 1998 as vice president and treasurer of Potomac Capital Investments (PCI). In 2002, he was elected senior vice president and CFO of PCI. In 2004, McGowan transferred to the Power and Delivery Group as vice president, business planning and finance and became vice president, financial planning and budgeting for PHI in 2005.

Before joining the company, McGowan worked for Duty Free International, an international retail company, where he was director of treasury, tax and financial analysis.

McGowan received a bachelor's degree from the University of Texas at San Antonio in accounting and business data systems, and an MBA from University of Chicago in finance. He is a certified public accountant.

About PHI: Pepco Holdings, Inc. (NYS: POM) is one of the largest energy delivery companies in the Mid-Atlantic region, serving about 2 million customers in Delaware, the District of Columbia, Maryland and New Jersey. PHI subsidiaries Pepco, Delmarva Power and Atlantic City Electric provide regulated electricity service; Delmarva Power also provides natural gas service.PHI also provides energy efficiency and renewable energy services through Pepco Energy Services.

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Pepco Holdings, Inc.
Media Contact:
Courtney Nogas, 202-872-2680
Investor Contact:
Donna Kinzel, 302-429-3004

KEYWORDS: United States North America District of Columbia


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