Sempra Energy Appoints Kathleen L. Brown to Board of Directors
San Diego, CA, June 14, 2013 - Sempra Energy (NYSE: SRE) announced that Kathleen L. Brown has been appointed to the company's board of directors.
"With her extensive background in investment banking and public service, Kathleen Brown provides our board with valuable experience in a broad range of financial and legal issues," said Debra L. Reed, chairman and chief executive officer of Sempra Energy.
Brown's experience includes 18 years as a senior executive in the financial sector and 16 years of service in the public sector, including a term as California's state treasurer.
Prior to joining Sempra Energy's board, Brown worked 12 years in leadership positions at Goldman Sachs Group, Inc., a global investment banking and securities firm. From 2011 to 2013, she served as the chairman of investment banking for the firm's Midwest division in Chicago. She was managing director and head of the firm's Los Angeles-based western region public sector and infrastructure group from 2003 to 2011.
Brown retired from Goldman Sachs in 2013.
From 1995 to 2001, she served in several senior positions with Bank of America.
As California state treasurer from 1991 to 1995, Brown was responsible for managing a $25 billion bond portfolio and overseeing a $32 billion cash management fund. During that period, she served as a trustee on the boards of CALPERS and CALSTRS, two of the largest pension funds in the nation. Brown co-chaired President Clinton's Commission on Capital Budgeting and the Council of Institutional Investors. She was the Democratic nominee for governor of California in 1994.
From 1987 to 1989, she served as a commissioner on Los Angeles' Board of Public Works and was elected twice to the Los Angeles Unified School District's Board of Education.
Brown currently serves on the boards of directors for Forestar Group Inc., a real estate, oil and gas and natural resources company, and the National Park Foundation. She is a member of the Council on Foreign Relations and was appointed to the Great Lakes Protection Fund board of directors by Ill. Gov. Pat Quinn.
She also has served on the boards of other public companies and non-profit organizations, including: the Children's Hospital of Los Angeles, the California Endowment, the Climate Action Reserve and the Los Angeles Chamber of Commerce.
A resident of Chicago, Brown holds a bachelor's degree from Stanford University and a law degree from Fordham University Law School.
Sempra Energy now has 12 board members.
Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2012 revenues of approximately $10 billion. The Sempra Energy companies' nearly 17,000 employees serve about 31 million consumers worldwide.
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