Corporate Information
Corporate Info
FAQ


Printer Friendly Version Print Version
Digan Leaves SEMCO, Points to Financial Accomplishments

PORT HURON, Mich., Oct. 5 /PRNewswire/ -- Effective today, SEMCO ENERGY, Inc. (Nasdaq: SMGS) announced that Senior Vice President & Chief Financial Officer Robert L. Digan II will resign to accept a position with Sky Mall, Inc., located in Phoenix, Arizona. Digan will assist SEMCO ENERGY with transition plans until he joins Sky Mall in November. SEMCO is conducting a national search for his successor and expects to fill the position by year- end.

A dedicated father, Mr. Digan cited work-family issues associated with the transition from his family's former home in Arizona to Michigan. Digan had been with the firm since July 1997.

In accepting Digan's decision, Chairman, President and Chief Executive Officer William L. Johnson said, "In just over a year, Bob has accomplished much of the work that needed to be done for SEMCO ENERGY to achieve its strategic and financial goals. He has functioned as an accomplished financial strategist and tactician, a tireless worker, and a skillful team builder. We are on very solid fiscal ground due to his work and we appreciate his efforts."

"In a day and age when the responsibilities of family life are more challenging than ever, we must respect and even admire Bob's decision -- it was just the right thing to do. He has our sincere thanks for doing the job we asked of him and he and his family have our very best wishes as well," said Johnson.

"I have enjoyed helping position SEMCO ENERGY for the future and being part of an outstanding management team dedicated to enhancing shareholder value. However, my family has always been my first priority and, while Michigan is a wonderful place, our hearts are in Arizona," said Digan.

SEMCO ENERGY Vice President of Corporate Development Paul F. Naughton, a principal of Thompson and Naughton, Inc., has been named interim Chief Financial Officer until a replacement for Digan can be found. Naughton has been associated with SEMCO ENERGY since early 1997 and has coordinated four acquisitions for the company in addition to other financial duties. His previous experience includes President & COO of Potomac Capital Investment Corporation, Senior Vice President, CFO and Treasurer of Primark Corporation and Treasurer of American Natural Resources Company.

SEMCO ENERGY, Inc. is an energy-focused holding company with three subsidiaries: SEMCO ENERGY GAS COMPANY, a regulated natural gas distribution company with approximately 240,000 customers in Michigan; SEMCO ENERGY SERVICES, an unregulated marketer of natural gas and related services; and SEMCO ENERGY VENTURES, which operates and acquires companies involved in natural gas pipeline and distribution construction, construction engineering and propane operations.
SOURCE SEMCO ENERGY, Inc.
CONTACT: Francis R. Lieder Jr. of SEMCO, 810-987-2200, ext. 4186, or fax, 810-989-4098

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding SEMCO Energy's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

 
©2006 SEMCO ENERGY, Inc., All Rights Reserved.