Andy Serri tenders resignation effective immediately.
Basin Electric Power Cooperative
- January 14, 2014
Basin Electric announced today that Executive Vice President and CFO Paul Sukut has been named interim CEO and general manager effective immediately. Former CEO and General Manager Andy Serri tendered his resignation.
“Senior management changes happen daily throughout the business world and it is one of the responsibilities of a board to ensure that a strong succession plan is in place,” said Wayne Peltier, president of the Basin Electric board of directors. “In Paul, we have an experienced, capable public utility executive who will step into his new role without missing a beat. Paul’s recent promotion to executive vice president is a reflection of the confidence we have in his leadership and in his ability to assume the responsibilities of the CEO and general manager position at this time.”
“Having just celebrated my 30th anniversary with Basin, it’s fair to say the co-op is ‘in my blood,’” Sukut said. “It’s been a privilege over three decades to work with such a talented group of men and women doing critical, life-changing work for millions of people, and it’s an honor to serve in this new role.”
Sukut has been employed with Basin Electric since 1983 and has worked in the energy industry since 1979. A native of Ellendale, ND, Sukut has a bachelor’s degree in business administration and political science from Jamestown College and a master’s degree in accounting and tax from the University of North Dakota and is a Certified Public Accountant.
Peltier thanked Serri for his service and his contribution to the cooperative and extended the board’s best wishes for his future endeavors.
“This is a time of change for us and for our industry,” Peltier said in a note to employees announcing the leadership change. “Many of our longest-serving employees have reached retirement age – more than 200 in the last two years alone – and we face emerging challenges to manage the strong economic growth in our service area, to continue our tradition of environmental responsibility and to integrate new technologies into our operations. At the same time, however, these changes offer unprecedented opportunities for the co-op, for our members and for the more than 2.8 million consumers and customers who depend on us. Because of the dedication and the hard, smart work of more than 2,000 Basin employees, I am more excited than ever about our future and more confident than ever in our ability to seize that future.”