PNM Resources Advances Leadership Development with Executive Promotions

Rhea-AI Summary

PNM Resources (NYSE: PNM) announced the promotion of Don Tarry to President and COO, and Lisa Eden to Senior VP, CFO, and Treasurer, effective May 21, 2022. Tarry has been with the company since 1996, while Eden joined in 2001. These promotions are intended to strengthen leadership as the company progresses with its business plan and planned merger with Avangrid. PNM Resources reported consolidated revenues of $1.8 billion in 2021 and aims for 100% emissions-free energy by 2040, serving 800,000 customers in New Mexico and Texas.

Positive

• Promotion of Don Tarry to President and COO enhances leadership stability.
• Lisa Eden's promotion to Senior VP and CFO supports financial oversight during growth.
• Strong revenue performance of $1.8 billion indicates company stability.
• Long-term goal of 100% emissions-free energy by 2040 aligns with sustainability trends.

Negative

• None.

ALBUQUERQUE, N.M., May 19, 2022 /PRNewswire/ -- PNM Resources, Inc. (NYSE: PNM) announces the promotion of two executives as part of the company's ongoing development efforts under the continued leadership of Chairman and CEO, Pat Vincent-Collawn.

Don Tarry has been promoted to President and Chief Operating Officer of PNM Resources. Don joined PNM Resources in 1996 and has most recently served as Senior Vice President and Chief Financial Officer. Prior to the CFO role, Don served as Vice President, Controller and Treasurer and Vice President, Customer Service and Chief Information Officer.

Lisa Eden has been promoted to Senior Vice President, Chief Financial Officer and Treasurer. Lisa joined PNM Resources in 2001 and has previously served as Vice President and Treasurer; Vice President and Chief Information Officer; and Vice President, Human Resources.

"Don and Lisa are well-positioned for these roles as we focus on the continued execution of our business plan alongside our planned merger with Avangrid," said Pat Vincent-Collawn. "These promotions recognize their continued development and value to our leadership team."

Both promotions are effective May 21, 2022.

Background:
PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 2021 consolidated operating revenues of $1.8 billion. Through its regulated utilities, PNM and TNMP, PNM Resources provides electricity to approximately 800,000 homes and businesses in New Mexico and Texas. PNM serves its customers with a diverse mix of generation and purchased power resources totaling 3.2 gigawatts of capacity, with a goal to achieve 100% emissions-free energy by 2040. For more information, visit the company's website at www.PNMResources.com.

CONTACTS:
	Analysts	Media
	Lisa Goodman	Ray Sandoval
	(505) 241-2160	505) 241-2782

 

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SOURCE PNM Resources, Inc.

FAQ

Who has been promoted at PNM Resources?

Don Tarry has been promoted to President and COO, and Lisa Eden to Senior VP, CFO, and Treasurer.

When do the new executive positions at PNM Resources take effect?

The promotions take effect on May 21, 2022.

What are PNM Resources' revenue figures for 2021?

PNM Resources reported consolidated operating revenues of $1.8 billion for 2021.

What is PNM Resources' goal for emissions-free energy?

PNM Resources aims to achieve 100% emissions-free energy by 2040.

How many customers does PNM Resources serve?

PNM Resources provides electricity to approximately 800,000 homes and businesses in New Mexico and Texas.