FARMINGTON HILLS, Mich., Oct. 5 /PRNewswire-FirstCall/ -- SEMCO ENERGY,
Inc. today announced the election of Dr. John M. "Jack" Albertine as Non-
Executive Chairman of the Board of Directors. He succeeds John R. Hinton, who
has resigned from SEMCO ENERGY's Board of Directors effective October 1, 2004.
Mr. Hinton joined the Board in 2002 and was named chairman in 2003. He
had indicated it was his intention to serve in this capacity only until the
Company could divest its construction services business and put in place a new
management team. As Chairman, he has now overseen both of these events.
"It has been a privilege to serve this fine company and to work with Board
members who so purposefully serve the shareholders' interest. I am confident
I'm leaving SEMCO in good hands," Mr. Hinton said.
Dr. Albertine expressed appreciation for Mr. Hinton's service. "John
Hinton assumed the Chairmanship of the Company and provided the steady
leadership necessary at a difficult juncture. We are grateful to him for his
efforts and wish him all the best in the future."
George A. Schreiber, Jr., Company President and Chief Executive Officer,
echoed Dr. Albertine's comments. "With John's oversight, the construction
services business was sold in July, ahead of schedule, and with the additions
to senior management over the summer, the Company is now poised to execute its
growth strategies. John provided strong leadership for the Company during a
very challenging time. His perseverance, dedication and support are most
appreciated. John saw the Company through several difficult decisions. His
efforts helped better position SEMCO for future success. We thank John for
all he accomplished and wish him well in his future pursuits."
Dr. Albertine is Chairman and Chief Executive Officer of Albertine
Enterprises, Inc., a merchant-banking firm located in Washington D.C. Since
joining the SEMCO ENERGY Board in 1999, Dr. Albertine has served on the Audit
Committee and as Chairman of the Finance Committee. He also serves on the
board of directors of two other publicly traded companies: Intermagnetics
General Corporation (NASDAQ) and Kadant (NYSE). In 2003, the Virginia
Legislature appointed Dr. Albertine a Trustee of the Virginia Retirement
System. He holds a PH.D. in Economics from the University of Virginia.
SEMCO ENERGY, Inc. distributes natural gas to more than 392,000 customers
combined in Michigan, as SEMCO ENERGY GAS COMPANY, and in Alaska, as ENSTAR
Natural Gas Company. It owns and operates businesses involved in 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, success in defending claims against the
Company, and other risks detailed from time to time in the Company's
Securities and Exchange Commission filings.
SOURCE SEMCO ENERGY, Inc.
/CONTACT: Analysts Contact: Thomas Connelly, Director of Investor
Relations, +1-248-702-6240, or Media Contact: Timothy Lubbers, Director of
Marketing & Corporate Communications, +1-810-966-4208, both of SEMCO ENERGY,
/Web site: http://www.semcoenergy.com /
CO: SEMCO ENERGY, Inc.
IN: OIL UTI
-- DETU036 --
4086 10/05/2004 17:36 EDT http://www.prnewswire.com