Dr. John M. Albertine Named Chairman of SEMCO ENERGY, Inc.
06 Octobre 2004 - 12:36AM
PR Newswire (US)
Dr. John M. Albertine Named Chairman of SEMCO ENERGY, Inc.
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. DATASOURCE: 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, Inc. Web site: http://www.semcoenergy.com/
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