- Push-out Score determined
- After almost eight years in the position
- Accolades, praise and thanks for Baxter
- Marty Lyons taking over
- Baxter will remain as executive chairman at Ameren
- Baxter said 82 words
(exechange) — St. Louis, Missouri, October 11, 2021 — This news came on Columbus Day. Warner Baxter, chief executive of Ameren, leaves his position. As announced by Ameren Corp. in a news release on Monday, October 11, 2021, Warner L. Baxter leaves his post as chief executive officer at the power company, after almost eight years in the role, effective January 1, 2022.
Warner Baxter’s duties as CEO will be taken over by Martin J. (Marty) Lyons, currently president, Missouri at Ameren Corp.
“Robust succession planning process”
Warner Baxter’s departure from the CEO post is explained as follows. Richard Harshman, independent lead director of the Board of Directors, said: “This leadership transition is consistent with Ameren’s robust succession planning process. The Board of Directors strongly believes that Marty will provide excellent leadership at Ameren, and working with our deep bench of leaders, deliver superior value to our shareholders and customers.”
Baxter will remain as executive chairman at Ameren
“Ameren Corporation (NYSE: AEE) announced that its Board of Directors elected Warner Baxter, current chairman, president and chief executive officer, to the position of executive chairman, effective January 1, 2022. Concurrent with these actions, Marty Lyons has been elected president and chief executive officer of Ameren and a member of the Board of Directors effective January 1, 2022,” Ameren said.
Share price increase since October 2016
The announcement follows an increase in Ameren Corp.’s share price of 69% since October 2016.
In the position of CEO since 2014
Warner Baxter became CEO of the Company in 2014.
In Baxter’s new role as executive chairman, he will remain an employee of Ameren, and Lyons will report to him.
Working closely with Lyons, Baxter will oversee key strategic matters important to the company, including energy policy issues and the company’s transition to a cleaner energy future.
He will remain actively engaged in key energy and economic policy matters, including in his broader industry leadership roles at the Edison Electric Institute (EEI) and Electric Power Research Institute (EPRI).
Baxter will also continue to be actively engaged with key stakeholders and in the community. Baxter began his career with Ameren Missouri in 1995 as Assistant Controller.
He was named Controller of Ameren Missouri in 1996. Following the 1997 merger of Ameren Missouri and CIPSCO Incorporated, he served as Vice President and Controller of Ameren and Ameren Services.
In 2001, Baxter was named Senior Vice President, Finance.
From 2003 to 2009, Baxter was Executive Vice President and Chief Financial Officer of Ameren and certain of its subsidiaries, where he led the finance, strategic planning and enterprise risk management functions.
From 2007 to 2009, he was also President and Chief Executive Officer of Ameren Services.
From 2009 to 2014, Baxter served as the Chairman, President and Chief Executive Officer of Ameren Missouri.
On February 14, 2014, Baxter succeeded Thomas R. Voss as President of the Company.
Baxter succeeded Voss as Chief Executive Officer of the Company on April 24, 2014 and as Chairman of the Board on July 1, 2014.
Prior to joining Ameren, Baxter served as senior manager in PwC’s national office in New York City from 1993 to 1995.
From 1983 to 1993, Baxter worked in PwC’s St. Louis office, where he provided auditing and consulting services to clients in a variety of industries.
Baxter served as a director of Ameren Missouri from 1999 to 2014, and as a director of Ameren Illinois from 1999 to 2009.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Warner Baxter’s move on a scale of 0 to 10.
exechange reached out to Ameren and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 42.2021 ($).