Ameren Announces Promotion of Michael Moehn to Chairman, President and CEO of Ameren Missouri
Ameren Corporation (NYSE: AEE) announced that effective April 1 Michael Moehn has been promoted to chairman, president and chief executive officer of Ameren Missouri, an electric and gas delivery utility subsidiary of Ameren Corporation and the state's largest utility.
He succeeds Warner Baxter, the president of Ameren Corporation who will become the utility's chief executive officer on April 24.
"Millions of Missourians depend on Ameren Missouri to power the quality of their lives, and we are fortunate to have an experienced leader such as Michael who is ready to take on this great responsibility," said Thomas R. Voss, chairman and chief executive officer of Ameren Corporation. "Michael has the right mix of financial and operating experience to take Ameren Missouri to the next level of performance."
"To his new role Michael brings a wealth of operations, finance and strategic planning experience as well as a strong commitment to the community," Baxter added. "In his 14 years at Ameren he has consistently demonstrated the commitment to excellence, integrity and service that is a hallmark of our co-workers at all levels. Tom and I are confident that under his leadership, Ameren Missouri will continue to deliver superior value to our customers and our shareholders."
Moehn, a native of Alton, Ill., has held many leadership positions since joining Ameren in 2000 after a successful career in public accounting at PricewaterhouseCoopers LLP. He most recently served as senior vice president of customer operations for Ameren Missouri and before that led field operations for Ameren Illinois. Prior to these operational roles, Moehn was senior vice president of corporate planning, where he led Ameren's strategic planning and risk management efforts. He also has held several financial roles at Ameren Corporation and in the company's operating segments. Moehn holds a bachelor of arts degree in accounting from Saint Louis University and a master's in business administration degree from Washington University in St. Louis. He is an Eisenhower Fellow and also completed the Reactor Technology Course for Utility Executives, an intensive three-week program on nuclear technology offered through the Massachusetts Institute of Technology in Cambridge, Mass.
"The Ameren Missouri team is sharply focused on meeting the needs of our customers in a dependable, efficient and responsible manner," Moehn said. "Our priorities will continue to be consistent improvement in safety performance and operating our company in a manner that benefits our customers. Last year was Ameren Missouri's best year ever for electric distribution reliability and as a company we'll continue stressing a mindset of continuous improvement and a strong focus on customer service."
Ameren Missouri has been providing electric and gas service for more than a century, and its electric rates are among the lowest in the nation. The company serves 1.2 million electric and 127,000 natural gas customers in central and eastern Missouri. Ameren Missouri's service area covers 63 counties and more than 500 towns, including the greater St. Louis area.
St. Louis-based Ameren Corporation powers the quality of life for 2.4 million electric customers and more than 900,000 natural gas customers in a 64,000-square-mile area through its Ameren Missouri and Ameren Illinois rate-regulated utility subsidiaries. Ameren Illinois provides electric and natural gas delivery service while Ameren Missouri provides vertically integrated electric service, with generating capacity of 10,300 megawatts, and natural gas delivery service. Ameren Transmission Company of Illinois develops regional electric transmission projects. Follow the company on Twitter @AmerenCorp. For more information, visit Ameren.com.
This press release contains certain forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially. For these statements, Ameren claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Ameren strongly recommends that you become familiar with the specific risks and uncertainties outlined under the Risk Factors section in our Annual Report on Form 10-K for the year ended December 31, 2013.
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