- Push-out Score suggests push-out forces
- After almost nine years on the job
- Maria Pope taking over
(exechange) — Portland, Oregon, July 28, 2017 — Jim Piro, chief executive of Portland General Electric, leaves. His departure is made public at an early stage. As announced by Portland General Electric Company in a news release and in a regulatory filing published on Friday, July 28, 2017, James J. (Jim) Piro, chief executive officer, leaves the public utility company after almost nine years on the job, effective December 31, 2017.
Piro’s duties are taken over by Maria Pope, currently senior vice president of Power Supply, Operations and Resource Strategy at Portland General Electric Company.
No reason given
In the announcement, Portland General Electric did not explicitly explain the reason for Piro’s move, leaving room for speculation.
Precise information about the future plans of Piro was not immediately available.
Portland General Electric said: “Jim Piro, president and chief executive officer (CEO), notified the board of directors on July 26, 2017 of his decision to retire from Portland General Electric on Dec. 31, 2017.”
Share price rise since June 2015
The change follows a rise in the share price of Portland General Electric Company since June 2015.
Chaired by Jack E. Davis
Portland General Electric Company is chaired by Jack E. Davis.
On the job as CEO since 2009
James J. Piro has been the Chief Executive Officer of Portland General Electric Company since March 1, 2009 and its President since January 1, 2009.
Piro will resign as President, effective October 1, 2017, and will resign as Chief Executive Officer and a member of the Board of Directors, effective December 31, 2017.
Jim Piro is president and chief executive officer of Portland General Electric (PGE), and has 41 years’ experience in the utility business.
Prior to becoming CEO in 2009, he served nine years as executive vice president of Finance, chief financial officer and treasurer.
A 1974 graduate of Oregon State University in Corvallis, Ore., Piro earned a bachelor’s degree in civil engineering with an emphasis in structural engineering.
He is a registered professional engineer in California and, before working at PGE, worked as a civil engineer for San Francisco-based Pacific Gas & Electric Co.
Piro serves on several boards and is chair of Greater Portland Inc. and the Science, Technology, Engineering and Math (STEM) Investment Council.
He is a member of the Oregon Global Warming Commission and is active in the business and utility industries, both locally and nationally, serving on the boards of the Oregon Business Council and the Edison Electric Institute.
He is also a member of the Electrification Coalition, a national group of business leaders advocating for policies that support electric vehicles.
He serves also on the PGE Foundation.
Push-out Score suggests push-out forces
It is not completely certain what forces eventually triggered Jim Piro’s move.
The Push-out Score™ determined by exechange suggests that push-out forces may have contributed to the management change.
Read the full story in the exechange report 31.2017 ($).