PHI Names Paul M. Barbas to Board of Directors
WASHINGTON--(BUSINESS WIRE)-- Pepco Holdings Inc. (PHI) today announced the appointment of Paul M. Barbas to its board of directors. Barbas is former president and chief executive officer at Dayton Power and Light Inc. (DPL Inc.) and its principal subsidiary, The Dayton Power and Light Co. (DP&L).
“Paul will be a valuable addition to our board,” said Joseph M. Rigby, chairman, president and CEO of Pepco Holdings. “He has a track record as an industry leader and will bring great insights to our company from his operational and strategic planning experience.”
Barbas led Ohio-based DPL Inc. from 2006 until its acquisition by AES Corp. in 2011. Under his leadership, DPL Inc. was named one of Forbes’ “100 Most Trustworthy Companies” in 2009 and 2010. He also served on the board of directors of DPL Inc. and DP&L from 2006 until 2011.
He previously served as executive vice president and chief operating officer of Chesapeake Utilities Corp., a diversified utility company engaged in natural gas distribution, transmission and marketing, propane gas distribution and wholesale marketing and other related services from 2005 until October 2006, as executive vice president from 2004 until 2005; and as president of Chesapeake Service Co. and vice president of Chesapeake Utilities Corp. from 2003 until 2004. From 2001 until 2003, he was executive vice president of Allegheny Power and was responsible for the operational and strategic functions of Allegheny Energy's regulated arm serving 1.6 million customers with 3,200 employees. He joined Allegheny Energy in 1999 as president of its ventures unit. Barbas currently serves on the audit committee and board of directors of Dynegy Inc. (Dynegy) as well as chair of Dynegy’s Compensation & Human Resources Committee.
“I believe PHI is a dynamic company that is positioning itself for an exciting era of evolution in our industry,” Barbas said. “I am pleased to be able to share my experience in the energy and utility industry.” Barbas has previously served on the Edison Electric Institute’s Board of Directors as well as a variety of nonprofit boards.
A native of Massachusetts, Barbas was awarded an MBA in finance and marketing from the University of Massachusetts and a bachelor’s degree in economics from the College of the Holy Cross.
Pepco Holdings, Inc. (NYSE: 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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