FARMINGTON HILLS, Mich., Oct. 19 /PRNewswire/ -- SEMCO ENERGY, Inc.
(NYSE: SEN) today announced two senior-level organizational changes that will
aid planned efforts to right-size its organizational structure.
Sebastian Coppola, Senior Vice President & Chief Financial Officer since
January 1999 and Samuel Dallas, Vice President of Finance since May of 1999,
have left the Company.
A search has been instituted for a new Chief Financial Officer. In the
interim, all financial and accounting operations will be overseen by Vice
President and Controller Steven Warsinske, a SEMCO employee since 1978.
Mr. Warsinske is a graduate of Eastern Michigan University with a BBA in
Accounting and holds a Masters of Science in Taxation from Walsh College. He
is a Certified Internal Auditor and a member of the Finance and Accounting
Committee of the Michigan Electric and Gas Association.
"Today, our industry is characterized by an increasingly delicate balance
between costs and profitability," said Marcus Jackson, SEMCO ENERGY President
and CEO. "Some of our financial operations can be consolidated, thus reducing
costs. Our imperative is to execute, in the most efficient way possible, our
business strategy. I have every confidence that Steve Warsinske, a long-time
employee, will help us achieve that goal," he concluded.
SEMCO ENERGY, Inc. is a diversified energy and infrastructure company that
distributes natural gas to more than 367,000 Customers in Michigan and Alaska.
It also owns and operates businesses involved in natural gas engineering and
quality assurance services, pipeline construction services, propane
distribution, intrastate pipelines and natural gas storage in various regions
of the United States. In addition, it provides information technology and
outsourcing services, specializing in the mid-range computer market.
The following is a "Safe-Harbor" statement under the Private Securities
Litigation Reform Act of 1995. This release contains forward-looking
statements that involve risks and uncertainties. Statements that are not
historic facts, including statements about the Company's outlook, beliefs,
plans, goals and expectations, are forward-looking statements. Factors that
may impact forward-looking statements include, but are not limited to, the
effects of weather, the economic climate, competition, commodity prices,
changing conditions in the capital markets, regulatory approval processes,
success in obtaining new business and other risks detailed from time to time
in the company's Securities and Exchange Commission filings.
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Web site: http: //www.semcoenergy.com
CONTACT: Analysts: Thomas Connelly, Director of Investor Relations, +1-248-702-6240, or Media: Francis R. Lieder, Manager of Media Relations, +1-810-987-2200, ext. 4186, both of SEMCO ENERGY, Inc.