PORT HURON, Mich., Dec 19, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- SEMCO ENERGY, Inc.
(NYSE: SEN) today announced the appointment of Michigan-based automobile
insurance industry leader Charles H. Podowski and retired energy industry
executive Thomas W. Sherman to the Company's Board of Directors. In
connection with these appointments, the number of directors on the Board was
increased and now stands at ten.
Board Chairman Donald Thomason made the announcement.
"It is a pleasure to welcome Chuck Podowski to the SEMCO ENERGY Board and
to welcome back former Board member Tom Sherman. The combination of Chuck's
business experience and Michigan perspective and Tom's industry and financial
acumen strengthens our Board and will help us make sound decisions about the
Company's direction as it continues to make progress on many fronts," he said.
Mr. Podowski is the Chief Executive Officer of The Auto Club Group, the
holding company that includes the Automobile Club of Michigan. Mr. Podowski
joined The Auto Club Group in 1999 from Advanta Corporation, where he was
president of the small ticket equipment leasing, business credit card and
insurance businesses. He also was Chairman of Advanta Bank Corp.
He earned his Bachelor of Arts degree at Wheeling University in West
Virginia and his MBA from Rider University in New Jersey. He attended the
Advanced Management Program at the Harvard Business School in 1993. Mr.
Podowski serves on the National AAA Association board and the boards of
Detroit Renaissance and Henry Ford Health Systems. He is immediate past
Michigan Chairman of the United Negro College Fund Leadership Committee. His
term on the SEMCO ENERGY Board runs until 2008.
Mr. Sherman retired in 2000 as Executive Vice President and Chief
Financial Officer of Bay State Gas Company, which is now owned by NiSource,
Inc. This natural gas distribution company and its subsidiary, Northern
Utilities, operate in Massachusetts, New Hampshire and Maine. At Bay State
Gas, Mr. Sherman served as Chief Financial Officer and was responsible for
financial policies, financings, investor relations, and asset purchases and
sales. He served on the Bay State Gas Company Board of Directors from 1975
Mr. Sherman received his Bachelor of Science degree in Commerce and
Economics from the University of Vermont. Mr. Sherman previously served on
the Board of SEMCO ENERGY from 2002-2005. His new term runs until 2007.
SEMCO ENERGY, Inc. distributes natural gas to more than 400,000 customers
combined in Michigan, as SEMCO ENERGY GAS COMPANY, and in Alaska, as ENSTAR
Natural Gas Company. It also owns and operates businesses involved in propane
distribution, intrastate pipelines and natural gas storage in various regions
of the United States.
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.
Analysts Contact: Thomas Connelly, Assistant Treasurer & Director of Investor
Relations, +1-248-458-6163, or Media Contact: Timothy Lubbers, Director of Marketing
& Corporate Communications, +1-810-887-4208, both of SEMCO ENERGY, Inc.