PPL Corporation Announces Executive Transition and Changes

PPL Corporation's Leadership Evolution

PPL Corporation (NYSE: PPL) has officially announced significant changes to its executive leadership team, welcoming a new chapter in its operational approach. On the horizon is the retirement of Francis X. Sullivan, the current Executive Vice President and Chief Operating Officer, effective shortly. His departure marks the culmination of a transformative period for the company, where considerable advancements were made under his stewardship.

New Leadership Dynamics

In conjunction with Sullivan's retirement, the structure of the leadership team at PPL will experience some pivotal changes. The responsibilities previously held by Sullivan will be transitioned to David J. Bonenberger and Lonnie Bellar, who have both earned recognition in the industry. Bonenberger is set to take on the role of Executive Vice President and Chief Operating Officer-Utilities, while Bellar will assume the title of Executive Vice President of Engineering, Construction and Generation, both reporting directly to PPL's President and CEO, Vincent Sorgi.

Acknowledging Sullivan’s Contributions

Vincent Sorgi praised Sullivan's impact during his tenure, highlighting the critical role he played in shaping the operations and safety protocols at PPL. Under Sullivan's guidance, the utility embraced a vision for the future, emphasizing the creation of a utility system that is not just efficient, but also more advanced and customer-focused.

The Experience Behind Bonenberger and Bellar

Bonenberger and Bellar are no strangers to the energy sector, sharing nearly 80 years of collective experience. Their careers have been marked by significant contributions at PPL and its subsidiaries. Bonenberger joined PPL Electric Utilities in the mid-80s, and Bellar began his tenure with Kentucky Utilities in 1987. They have both demonstrated their expertise in handling large-scale operations, which lays a solid foundation for the company's prospects.

Revamping Operational Strategies

Following Sullivan's departure, the redefined roles of Bonenberger and Bellar represent a strategic realignment aimed at enhancing PPL's operations across multiple fronts. As Bonenberger oversees utility operations and customer services, he will help streamline performance across PPL’s service areas. Bellar's new role will integrate engineering, construction, and environmental compliance, reflecting PPL's commitment to innovation in the energy landscape.

PPL’s Commitment to Sustainable Energy

PPL Corporation, headquartered in Allentown, is renowned for its dedication to providing reliable electricity and natural gas to over 3.5 million customers. The organization is on a mission to address the evolving energy challenges through the development of smarter, more resilient power grids and by promoting sustainable energy solutions. Such initiatives are essential in positioning PPL as a leader in the energy market.

Looking Ahead

As PPL navigates these changes, both shareholders and customers can expect a stronger focus on creating better service and environmental standards. The leadership team's collective ambition is to construct a utility infrastructure that is cleaner, smarter, and capable of delivering enhanced value to all stakeholders.

Contact Information

For media inquiries regarding this leadership change and PPL's ongoing projects, Ryan Hill is available at 610-774-4033. Financial analysts can reach out to Andy Ludwig at 610-774-3389 for any related questions.

The Future of PPL Corporation

PPL Corporation's commitment to maintaining its position as a leading U.S. energy provider is underscored by this latest transition in leadership. The company remains focused on not only meeting the present energy demands but also anticipating future needs. This evolution in leadership is a reflection of PPL's proactive approach in a rapidly changing energy landscape.

Frequently Asked Questions

What are the main changes happening at PPL Corporation?

PPL Corporation is undergoing significant leadership changes with the retirement of COO Francis X. Sullivan and the appointment of David J. Bonenberger and Lonnie Bellar to new executive roles.

When is Fran Sullivan retiring?

Fran Sullivan is scheduled to retire on April 4, 2025, marking the end of his transformative tenure with PPL Corporation.

Who will assume Sullivan's responsibilities?

David J. Bonenberger will take over as Executive Vice President and Chief Operating Officer-Utilities, while Lonnie Bellar will be Executive Vice President of Engineering, Construction and Generation.

What is PPL Corporation’s mission?

PPL Corporation is dedicated to providing reliable and affordable electricity and natural gas while advancing sustainable energy solutions for its customers.

How can I contact PPL Corporation for media inquiries?

For media inquiries, you can contact Ryan Hill at 610-774-4033.

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