Jonesboro, AR. Terry Rorex, Board Chairman, stated, "We are excited to announce Jeremiah Sloan as the newly appointed CEO of Craighead Electric. Box 400, Little Rock, Arkansas, 72203-0400. When a membership is held jointly by a husband and wife, either one, but not both, maybe elected a director. Independent & inside Board of Directors members. Petitions should be sent to: Arkansas Public Service Commission, 1000 Center Street, Little Rock, Arkansas, 72201, the mailing address of which is: P.O. "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. 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. Duncan says he looks forward to spending his retirement with his wife, Teressa, their two sons, Brady and Tanner, and their grandson. This program was designed to lend money to provide rural customers with electricity. Electric Cooperatives of Arkansas. President . CECC will submit the rate adjustment request to the Arkansas Public Service Commission in July. 1 - 50. Board of Directors. 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. Our mission is to responsibly deliver safe, reliable and affordable energy. 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. Jonesboro, AR. The Board of Directors of Craighead Electric Cooperative has named Jeremiah Sloan as the new Chief Executive Officer of the corporation. The largest impact to a typical residential account will be in the service availability charge. . After 44 years of employment at Craighead Electric Cooperative Corporation, Brian Duncan has retired as CEO. 2023 Emerson Electric Co. All rights reserved. The U.S. Department of Agriculture estimates Arkansas would harvest 630,000 acres in 2022. The Board of Directors of Craighead Electric Cooperative named Jeremiah Sloan as the new chief executive officer of the corporation earlier this week. Sign up for free. The person seeking such nomination may obtain more than one (1) copy of such petition. Each year that followed, those numbers increased and by the year 1950, there were 15,571 members using 81 kWh monthly and 3,671 miles of line. Mark A. Blinn Dallas, Texas, United States Former CEO, President and Director of Flowserve Corporation Board Appointment Year: 2019 Committee: Audit, Compensation This is known as a cost-of-service study. Lori Chandler. 12, 2022 at 8:17 PM PDT. 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. Vernon Buddy Hasten, CEO of AECI/AECC, recognizes Brian Duncan for his years of service to the After hiring an engineering firm, the cooperative would build 192 miles of power line in three counties. 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. Board Chairman Terry Rorex stated, "We are excited to announce Jeremiah Sloan as the newly appointed CEO of Craighead Electric. High-speed, locally-owned internet service for your neck of the woods. Mr. Craighead currently serves on the boards of directors of Texas Instruments Inc. and Emerson Electric Company. Our Commercial & Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency, and create sustainable infrastructure. No big gathering. By 1970, Craighead Electric had 15 substations, currently, there are 21. While the average residential electric bill will increase by about $14.13, from $112.45 to $126.58, the new rates will still compare favorably to other rural utilities in Arkansas and across the nation. 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. Jonesboro, Arkansas, United States. Craighead Electric Inc Contact Information. 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. It was difficult to convince some of them that they should put up a $5 membership in an electric coop. To be placed on the ballot, the petitioner must obtain the signature of no less than fifteen (15) current members of the Cooperative on the petition(s). In 1940 Craighead Electric had approximately 20 employees, today 100 employees make up the payroll. Duncan has fulfilled many roles since he was first hired in 1978. By selecting a new country/region, product(s) may be unavailable and items in your shopping cart will be removed. 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. 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. The first board meeting was held in the basement of the Jonesboro Post Office. Mindy Smith, V-P of Accounting & Finance Administration. Please enable JavaScript to use this website. Nominations for the Board of Directors shall be by petition only. Martin brings a wealth of deep knowledge in the energy sector, coupled with a proven record of global leadership and financial expertise, Farr said. (KAIT) - After a slew of hardships, a Region 8 electric company is looking toward a new solution that may impact you. He has fulfilled many roles since first hired in 1978. Craighead Electric Names New Chief Executive Officer. Conference call is available at Emerson.com/Investors. 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. Jonesboro, AR. The Board of Directors of Craighead Electric Cooperative has named Jeremiah Sloan as the new Chief Executive Officer of the corporation. 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. 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. 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. In addition to his role on Emersons board of directors, Craighead serves as a board member of PQ Group Holdings Inc. and Texas Instruments Incorporated. Craighead Electric is headquartered in Jonesboro and operates two full-service district offices located in Paragould and Walnut Ridge. Kent Madin. 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. At the end of 1938, Craighead Electric had 170 miles of line energized with 712 members using an average of 27 kWh monthly. Nominations. Over the past 82 years, Craighead Electric Cooperative Corporation (CECC) invested millions of dollars to build a robust electric system that continues to provide safe, reliable and affordable electric power to its members. Some farmers did not have $5 but they wanted electricity, so instead, they gave chickens, eggs and other farm produce for their membership. Sloan will succeed Brian Duncan following his . 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! 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%. Duncan announced his retirement in August of 2021 with an effective date of March 28, 2022. 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. We recommend you contact the office to verify the date/time of the meeting. Only petitions that have been provided by the Cooperative will be accepted. "The Craighead Electric board of directors and management emphasized that their members must receive economic as well as environmental benefits, and this solar system accomplishes both," said Michael Henderson, president of Today's Power Inc. Little Rock-based TPI, a wholly owned subsidiary of Arkansas Electric Cooperatives Inc., builds . Story Coffee House (501) 617-2432. He has fulfilled many roles since first hired in 1978. Address: PO BOX 555, Chimacum, WA 98325 Edit. 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. Qualifications and Tenure. Craighead most recently served as vice chairman of Baker Hughes, one of the world's largest oil field services . These charges are reflected as either debits or credits on members statements each month. By selecting a new country/region, product(s) may be unavailable and items in your shopping cart will be removed. Our dedicated employees are focused on providing world class service and extraordinary member care, because thats what a cooperative is supposed to do. Craighead Electric Cooperative is a member-owned not-for-profit electric company incorporated in 1937. Notify me of follow-up comments by email. Emerson is the global technology, software and engineering powerhouse driving innovation that makes the world healthier, safer, smarter and more sustainable. MEET YOUR DIRECTOR. Kelly Craighead. Y'all are the best! Duncan has served the Cooperative for over 43 years. Unless a vacancy occurs, the terms of directors shall be staggered so that not more than one (1) director from each district shall have a term of office expiring in the same year. of Corporate Services before fulfilling his current position as CEO in 2007. Our mission is to responsibly deliver safe, reliable and affordable energy. 2 Democratic Member Control Cooperatives are democratic . Emerson is the global technology, software and engineering powerhouse driving innovation that makes the world healthier, safer, smarter and more sustainable. Since 2018, Ms. Catalano has served on the board of directors of Frontdoor, Inc., where she is the chair of the Compensation Committee. Please contact us if you need assistance purchasing this product in another country. The cooperative operates offices in Jonesboro, Walnut Ridge, and Paragould. My responsibilities require me to oversee the day to day operations of the Fresh Meat Processing, Bakery Department, Deli . Note: Only one (1) person may sign on the nominating petition for each membership, i.e., a husband and wife having a joint membership shall be counted as only one (1) signature on a petition. Monday, Jan. 10, 2022 1:18 pm 1 min read. Thank you, and we wish you a great retirement.. 2019 Directory A POWERFUL HISTORY OF POWERING YOUR FUTURE. 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. At . Independent Directors James S. Turley St. Louis, Missouri, United States Chair of the Board, Emerson Retired Chairman and CEO, Ernst & Young Board Appointment Year: 2013 Committees: Audit, Corporate Governance and Nominating, Executive. Your email address will not be published. Jan 12, 2022. Article - III Directors. Residence Requirements for Directors. When Craighead Electric was approved by the REA, it became the second electric cooperative in Arkansas. Director, Emerson Electric Co. Back During his career at the Cooperative, Duncan completed National Rural Electric Cooperative Associations (NRECA) Key Account Executive Program and NRECAs Management Training. 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. Save my name, email, and website in this browser for the next time I comment. Such petition shall be for a particular district and position. 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