It is a distribution cooperative, meaning that it does not generate its own power, but rather purchase electricity wholesale and distributes it to members within its service territory. Note: The expenses and revenue of empower, Delivered by Craighead Electric (a wholly owned broadband subsidiary) are separate from CECC and did not influence the . Notwithstanding anything contained herein, failure to comply with the provisions of this Section will not affect in any manner whatsoever the validity of any election of a director of directors. The person seeking such nomination may obtain more than one (1) copy of such petition. Duncan has fulfilled many roles since he was first hired in 1978. After obtaining an office space for the cooperative and hiring personnel and staff, plans were made to begin staking right of way and setting poles and power lines for service. Led a team of 50+--including employees, subsidiary staff, vendors, contractors, and consultantsin building nearly 5K miles of fiber in less than 36 months . For more information visit Emerson.com. Finally, rural areas were no longer at the mercy of power companies whose primary interests were in the more densely populated areas of the state. Terry Rorex, Board Chairman, stated, We are excited to announce Jeremiah Sloan as the newly appointed CEO of Craighead Electric. If you are on Craighead Electric and your bill was higher than normal like our $650 one, I highly recommend you request an energy audit. Sloan will succeed Brian Duncan following his . At . It was difficult to convince some of them that they should put up a $5 membership in an electric coop. As the days go on, I will remain your biggest fan and most vocalcheerleader.. Our Commercial & Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency, and create sustainable infrastructure. Vernon Buddy Hasten, CEO of AECI/AECC, recognizes Brian Duncan for his years of service to the Please contact us if you need assistance purchasing this product in another country. . The CECC Board of Directors reviewed the cost-of-service study and, upon cooperative staff's recommendation, voted in favor of a rate adjustment to increase system revenue by 9.3%. He is succeeded by Jeremiah Sloan, former COO of empower Broadband. Martin S. Craighead, former chairman, president and CEO of Baker Hughes, has been elected to Emerson's board of directors. Sloan will succeed Brian Duncan following his retirement in March." In 1940 Craighead Electric had approximately 20 employees, today 100 employees make up the payroll. He has fulfilled many roles since first hired in 1978. Board of directors Martin S. Craighead Retired chairman of the board and chief executive officer, Baker Hughes Inc. Vice chairman of Baker Hughes, a GE company, 2017-2019. Our Automation Solutions business helps process, hybrid, and discrete manufacturers maximize production, protect personnel and the environment while optimizing their energy and operating costs. If such petition(s) are in proper form and contain a minimum of fifteen (15) proper signatures, and the person so nominated meets the requirements as outlined in this Article III, such person shall be added to the list of nominees for the proper position. Louis, Missouri, United StatesPresident and Chief Executive Officer, EmersonBoard Appointment Year: 2021Committees: Executive, Lori Lee (c)Mark A. BlinnCandace KendleMatthew S. LevatichJames S. Turley, Gloria A. Flach (c)Mark A. BlinnMartin S. CraigheadWilliam H. Easter III, Joshua B. Bolten (c)Martin S. CraigheadCandace KendleJames S. Turley, James S. Turley (c)Joshua B. BoltenGloria A. FlachArthur F. GoldenLal KarsanbhaiLori Lee, Arthur F. Golden (c)William H. Easter IIIGloria A. FlachLori LeeMatthew S. Levatich, Statement of corporate governance, revised effective May 4, 2021,reviewed as of May 4, 2021. Lindsey Spencer. Y'all are the best! Sign up for free. Kent is the Vice-President and Director of Boojum Expeditions, Inc. and Honorary Consul of Mongolia for Montana, Idaho, and Wyoming. While serving on active duty, he functioned as a Development Engineer and a Professor of Aerospace Studies. Sloan has been with CECC since 2016 and held the roles of Engineer, Manager of Fiber Assets, and Chief Operating Officer of empower, Delivered by Craighead Electric. Please enable JavaScript to use this website. Craighead Electric Names New Chief Executive Officer. In recognition of Duncans commitment to the Coop, the 1-Megawatt Solar Field in Brookland, Arkansas, was dedicated to Duncan, now to be known as The Brian Duncan Solar Generation Facility. This program was designed to lend money to provide rural customers with electricity. The U.S. Department of Agriculture estimates Arkansas would harvest 630,000 acres in 2022. Mark A. Blinn Dallas, Texas, United States Former CEO, President and Director of Flowserve Corporation Board Appointment Year: 2019 Committee: Audit, Compensation I am honored to be selected as the next CEO of Craighead Electric, stated Sloan. . Lori Chandler. 2023 Emerson Electric Co. All rights reserved. By selecting a new country/region, product(s) may be unavailable and items in your shopping cart will be removed. Today, Craighead Electric Cooperative serves more than 30,000 member accounts throughout parts of eight northeast Arkansas counties and maintains over 4700 miles of line and the average household kWh usage is over 1300. Most had never used it. Our mission is to responsibly deliver safe, reliable and affordable energy. of Corporate Services before fulfilling his current position as CEO in 2007. By selecting a new country/region, product(s) may be unavailable and items in your shopping cart will be removed. There was no ceremony to herald the coming of electricity to rural Craighead County. Pleasecontact usfor assistance. A. Wampler of Fair Oaks has served on the Woodruff Electric Board of Directors since 1972. Overview of all Board Committees and charter downloads, Employee, director and executive officer ethical responsibilities, Emerson bylaws as amended through May 4, 2021, Restated Articles of Incorporation adopted February 6, 2001, Lobbying, trade associations and coalitions, United Kingdom Tax Transparency Statement, Global Human Rights, Share Pledging, Anti-Hedging,Clawback Policies and UK Modern Slavery Act. The business and affairs of the Cooperative shall be managed by a board of seven (7) directors which shall exercise all the powers of the Cooperative except such as are by law or by the articles of incorporation of the Cooperative or by these bylaws conferred upon or reserved to the members. A cooperative exists to provide high-quality service at the lowest possible price. % director attendance at the 2019 Annual Meeting Proactive Governance in 2019 Board refreshment - Added 4 new Directors in the last 3 years Recruitment number of Director nominees in the Company's proxy statement for election. Terry Rorex, Board Chairman, stated, "We are excited to announce Jeremiah Sloan as the newly appointed CEO of Craighead Electric. If you are on Craighead Electric and your bill was higher than normal like our $650 one, I highly recommend you request an energy audit . The Secretary will be responsible for assuring that the notice of the meeting is published in the Arkansas Living magazine. . If approved, it will go into effect with usage beginning Oct. 1, 2022. Section 2A. Louis, Missouri, United StatesChair of the Board, EmersonRetired Chairman and CEO, Ernst & YoungBoard Appointment Year: 2013Committees: Audit, Corporate Governance and Nominating, Executive, Mark A. BlinnDallas, Texas, United StatesFormer CEO, President and Director of Flowserve CorporationBoard Appointment Year: 2019Committee: Audit, Compensation, Joshua B. BoltenWashington, D.C., United StatesPresident and Chief Executive Officer, Business RoundtableBoard Appointment Year: 2012Committees: Corporate Governance and Nominating, Executive, Martin S. CraigheadHouston, Texas, United StatesFormer Chairman, President and CEO of Baker HughesBoard Appointment Year: 2019Committees: Compensation, Corporate Governance and Nominating, William H. Easter IIIHouston, Texas, United StatesFormer Chairman, President and Chief Executive Officer of DCP Midstream LLCBoard Appointment Year: 2020Committees: Compensation, Finance, Gloria A. FlachMarriottsville, Maryland, United StatesRetired Corporate Vice President and Chief Operating Officer, Northrop Grumman CorporationBoard Appointment Year: 2017Committees: Compensation, Executive, Finance, Arthur F. GoldenNew York, New York, United StatesSenior Counsel, Davis Polk & WardwellBoard Appointment Year: 2000Committees: Finance, Executive, Candace KendleBoca Grande, Florida, United StatesRetired Chairman and Chief Executive Officer, Kendle International, Boca Grande, Florida, USABoard Appointment Year: 2014Committees: Audit, Corporate Governance and Nominating, Lori LeeDallas, Texas, United StatesCEO, AT&T Latin America & Global Marketing Officer, AT&T Inc.Board Appointment Year: 2018Committees: Audit, Executive, Finance, Matthew S. LevatichMilwaukee, Wisconsin, United StatesFormer President and CEO, Harley-Davidson, Inc.Board Appointment Year: 2012Committees: Audit, Finance, Lal KarsanbhaiSt. Craighead County Agricultural Extension Agent A.R. The Board of Directors will establish a procedure for voting so that each member will receive the ballot in sufficient time for it to be marked and returned by the time set for the annual meeting. Along with money lent by the REA program went months and months of hard work from dedicated people to begin what is now known as Craighead Electric Cooperative. Terry Rorex, Board Chairman, stated, We are excited to announce Jeremiah Sloan as the newly appointed CEO of Craighead Electric. . Board Refreshment and Diversity Recently added Martin Craighead, former . From 2006 until 2022, she was on the board of . The effect of the rate change on individual consumers will vary depending on the class of service and the amount of electricity used. Sloans educational background includes a Master of Science in Electrical Engineering from the University of Kentucky, a Bachelor of Science in Electrical Engineering from Tennessee State University, a Graduate Certificate in Power and Energy from the Power and Energy Institute of Kentucky, and completion of the Robert I Kabat Management Internship Program. Following industry best practices, the cooperative commissioned an engineering consulting firm (Toth & Associates) to review current rates and determine if they are producing sufficient revenue. Members of Craighead Electric Cooperative will soon have access to "Empower", a subsidiary company. January 6, 2022. Few farmers knew nothing about electricity. He and his family enjoy travelling, gardening, bicycling, and snow skiing. Jonesboro, AR. The election of Directors will be by ballot in writing delivered by mail or personal delivery to the office of the Cooperative and only those persons nominated by petition will be on such ballots. Kent Madin. On November 28, 1938, about 75 miles of line in the Valley View area, south of Jonesboro were energized. Click here to download a PDF copy of the above-proposed rates. Thank you, and we wish you a great retirement.. Chairman of the Board of Directors, Terry Rorex, recognized Duncan in a presentation to employees, members, family and friends. In addition, CECC plans to rebase the cost of energy and cost of debt adjustment revenues into the new kWh rates. I look forward to the opportunity to serve the member/owners of Craighead Electric, and it is very exciting to be able to lead an exceptional group of employees into the future.. "VEC board members have a broad range of perspectives and backgrounds, care deeply about the community, and enjoy learning about and influencing energy issues," said Rebecca Towne, VEC's chief executive officer. The proposed rates are designed to increase overall system revenue from Arkansas consumers by 9.3%. St. Bernards hosting dedicated COVID vaccine clinics this Friday and next, With new Hot Pocket production line, Nestl to add up to 70 new workers immediately, An active duty military member traveled from Kansas to Arkansas to pick up a 16-year-old. 0. Board Chairman Terry Rorex stated, "We are excited to announce Jeremiah Sloan as the newly appointed CEO of Craighead Electric. Duncan has led the corporation since 2007. He was responsible for the acquisition, development, and deployment of combat identification and communications systems for the Department of Defense and led Air Force Reserve Officer Training Corps programs at the University of Kentucky and University of Louisville. Soon the requirements were met with REA and Craighead Electric Cooperative became a Corporation on August 13, 1937. Here are some ways to minimize the impact of the proposed rates. MEET YOUR DIRECTOR. Throughout his extensive career with Baker Hughes, Craighead held a number of executive leadership and operational positions, including assignments in Canada, Latin America and Asia. Terry Rorex, Board Chairman, stated, "We are excited to announce Jeremiah Sloan as the newly appointed CEO of Craighead Electric. No nominations will be accepted from the floor. I am honored to be selected as the next CEO of Craighead Electric, stated Sloan. He worked as a Right-of-Way Crew Member, Apprentice Lineman, Staking . Awards recognizes Emersons leading global industrial software and IoT expertise provided through the power of Plantweb with AspenTech. Duncan has fulfilled many roles since he was first hired in 1978. At the end of 1938, Craighead Electric had 170 miles of line energized with 712 members using an average of 27 kWh monthly. As a byproduct of that smart grid communications upgrade project, the CECC Board of Directors recently approved Craighead Electric to provide a new service: High-speed broadband internet! Note: The expenses and revenue of empower, Delivered by Craighead Electric (a wholly owned broadband subsidiary) are separate from CECC and did not influence the cost-of-service study or the decision to propose new rates. No big gathering. 2023 Emerson Electric Co. All rights reserved. Success Credit Union (870) 935-9336. Only petitions that have been provided by the Cooperative will be accepted. Sloan and his wife, Blythe, have four boys, Atlas, Everest, Cypress, and Sparrow, and they live in Portia. My responsibilities require me to oversee the day to day operations of the Fresh Meat Processing, Bakery Department, Deli . Some farmers did not have $5 but they wanted electricity, so instead, they gave chickens, eggs and other farm produce for their membership. As a byproduct of that smart grid communications upgrade project, the CECC Board of Directors recently approved Craighead Electric to provide a new service: High-speed broadband internet! Following the close of the nominations, the Secretary will mail with a notice of the annual meeting a statement setting forth the position to which directors are to be elected at such meeting and the name of all proper nominees for each such position. Your email address will not be published. National Labor Relations Act creates an unwanted counter to management's ultimate power, so you can at least expect Craighead Electric to try to persuade you that you are better off remaining "at-will . Police responded to the 600-block of Chesnut Street after 11 PM on January 14. Heather Cerda. The positive effect of Brians leadership will be seen for many years to come. During his tenure as CEO, he implemented an automated meter reading system, led the Cooperative through the worst natural disaster in Craighead Electrics history (the 2009 Ice Storm), helped implement an exemplary culture of safety, oversaw the building of a new district office in Paragould, added 1-Megawatt of solar to the CECC grid, and started a wholly owned fiber subsidiary (empower) providing fiber-to-the-home broadband internet to the underserved membership. Residence Requirements for Directors. The locally owned and managed organization has 108 employees. Section 1. Duncan announced his retirement in August of 2021 with an effective date of March 28, 2022. He also serves on the board of the Montana Center for International Visitors. In order to become eligible and continue to serve as a director, the person: As a qualification of office at the time that a director is first elected to the Board of Directors, the director shall reside in and be selected from the area encompassed by a particular district and position as those areas are defined in these bylaws. It has been an honor and a privilege to serve alongside such a dedicated group of employees at Craighead Electric and Ive had a great opportunity to watch Craighead Electric become a premier service provider in our State and Region Duncan further stated, God has allowed me to do what Id always dreamed of doing and His blessings on my life are truly amazing.. CECC will submit the rate adjustment request to the Arkansas Public Service Commission in July. Representing District 1, J. Prices forced a significant uptick in acres in the Natural State. He served on the Board of Directors for Arkansas Electric Cooperative Corporation (AECC), Arkansas Electric Cooperatives, Inc. (AECI), Todays Power, Inc., and he was the past Chairman of the Board of Electric Research and Manufacturing Cooperative (ERMCO). Craighead earned a bachelors degree in petroleum and natural gas engineering from Pennsylvania State University and a masters degree in business administration from Vanderbilt University. Members are welcome to attend. The first board meeting was held in the basement of the Jonesboro Post Office. Mindy Smith, V-P of Accounting & Finance Administration. High-speed, locally-owned internet service for your neck of the woods. The Board of Directors of Craighead Electric Cooperative named Jeremiah Sloan as the new chief executive officer of the corporation earlier this week. You work very hard at a very dangerous job and I for one appreciate it very much. Micheal Sullivan. He has worked as a Right-of-Way Crew Member, Apprentice Lineman, Staking Engineer, District Manager, Key Account Manager, Manager of Member Services, and V.P. Jeremiah Sloan (Craighead Electric) The board of directors of Craighead Electric Cooperative of Jonesboro has named Jeremiah Sloan the corporation's next CEO. Incorporated in 1937, the cooperative operates offices in Jonesboro, Walnut Ridge and Paragould. When Craighead Electric was approved by the REA, it became the second electric cooperative in Arkansas. By 1970, Craighead Electric had 15 substations, currently, there are 21. If implemented, these rates will impact members in different ways, depending on their lifestyle and situation. Over the next 5-7 years, roughly 5,000 miles of fiber optic cable will be built in support of this communications upgrade project. The co-ops rates have remained steady for more than a decade, but recent challenges affecting CECCs financial condition, including increased operating costs, plant growth due to increased electricity sales and inflation at large, have necessitated a change in electric rates. Craighead most recently served as vice chairman of Baker Hughes, one of the world's largest oil field services . In the event districts are combined, the director whose district is being eliminated, will continue to serve until such time as his/her term expires. President . This important and necessary enhancement to CECCs electrical system not only means that members will benefit from improved electrical power delivery but it will also bring truly reliable and high-speed broadband to the more than 44% of CECC members who are currently unserved or underserved in terms of broadband in our eight-county region. From USDA's November reporting, Arkansas is projected to have an average yield of 1,166 . Duncan has served the Cooperative for over 43 years. The service availability charge helps cover fixed costs, such as meters, transformers and lines necessary to provide electricity to a service regardless of its usage. Product(s) in your cart may not be available in the selected country and will be removed from your cart if you choose the SELECT button below. I look forward to the opportunity to serve the member/owners of Craighead Electric, and it is very exciting to be able to lead an exceptional group of employees into the future.. Terry Rorex, Board Chairman, stated, "We are excited to announce Jeremiah Sloan as the newly appointed CEO of Craighead Electric. ST. LOUIS (June 4, 2019) Martin S. Craighead, former chairman, president and CEO of Baker Hughes, has been elected to Emersons (NYSE: EMR) board of directors, Chairman and Chief Executive Officer David N. Farr announced today. The Rural Electrification Administration, better known as REA, was created during theadministration of President Franklin D. Roosevelt in 1936. Petitions should be sent to: Arkansas Public Service Commission, 1000 Center Street, Little Rock, Arkansas, 72201, the mailing address of which is: P.O. Notice is hereby given that the board of directors of CRAIGHEAD ELECTRIC COOPERATIVE CORPORATION has approved changes in the following Arkansas rate schedules of this Cooperative as set forth below. Petition forms and additional application information are available on PEC's Nomination by Petition webpage . His valuable insights and strategic perspectives are a welcome addition to our board as we continue strengthening our footprint in the energy industry.. He is the founder of the Boojum Charitable Fund, a non-profit supporting social projects in Mongolia. Prior to joining CECC, Sloan spent 6 years as an officer in the United States Air Force. January/February 2023 Hotlines Newsletter: New SmartHub feature, Solar Ads information, and more. Upon it being determined that a director fails to meet any of the qualifications set forth in this section 2B, then the director shall immediately be removed from the Board without any action or vote being necessary. Member Driven Service Focused Its What We Do Everyday, Office (870) 932-8301 Report an Outage (888) 771-7772. Notify me of follow-up comments by email. Section 3. Save my name, email, and website in this browser for the next time I comment. To apply for loans from REA, a corporation needed 612 members and each member would be asked to put up a $5 membership fee, this was a requirement by REA.
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