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Mike Alexander steps down at British Energy |
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British Energy has announced that Mike Alexander has stepped down as Chief Executive and resigned as a Director of the company. Bill Coley (pictured), previously a non-executive Director, is being appointed as Chief Executive.
Adrian Montague, Chairman of British Energy, said: "We would like to record our appreciation to Mike Alexander for seeing the company through our complex and difficult restructuring. Now that he has re-listed the company and laid the groundwork for the operational and cultural rebuilding of British Energy, he has decided to seek a new challenge elsewhere. We are fortunate that Bill Coley has taken on this challenge as he has outstanding qualities for the job."
Bill Coley was appointed as a non-executive director in June 2003 and is Chairman of the company's Nuclear Performance Review Committee. That year, he retired from the Board of Directors of Duke Energy and as Group President of Duke Power, a regulated power generation, transmission and distribution division of the major US utility where he had a 37-year career. Bill Coley, who has a BSc in Electrical Engineering, started his career with Duke as a junior engineer at the Marshall Steam Station in 1966. After holding a range of engineering and operating positions in Duke, he became Senior Vice President, Power Delivery in 1988. He was elected to Duke Power's Board of Directors in 1990, and was Group President of Duke Power from 1997 to February 2003. He is also a non-executive director of Peabody Energy and CT Communications Inc. (both publicly traded companies). |
