Pinnacle West Capital Corp. Leadership Transition
Pinnacle West Capital Corp. (NYSE: PNW) has announced an important leadership transition. Jeff Guldner, who has served as the Chairman and CEO of both Pinnacle West and Arizona Public Service (APS), will retire from his position on March 31, 2025. Guldner’s tenure has lasted five years, marked by significant progress and innovation within the company.
Ted Geisler Steps Up
Following Guldner's departure, Ted Geisler will take over as the new Chairman of the Board, President, and CEO of Pinnacle West and APS effective April 1, 2025. Under Guldner's leadership, Geisler has proven himself as a vital asset to the organization, holding the position of APS President since 2022 and accumulating 23 years of comprehensive experience with the company.
Gratitude for Leadership
Paula Sims, the Lead Director at Pinnacle West, expressed her gratitude for Guldner's extensive contributions to APS since he joined in 2004. Under his guidance, the company not only focused on enhanced customer experiences but also positioned itself for a carbon-free future, which speaks volumes about his vision for sustainable energy.
Ted Geisler's Vision
Sims conveyed her enthusiasm about Geisler becoming the new CEO, highlighting his exceptional blend of operational expertise and financial insight. Geisler's success as President drove remarkable improvements in reliability and customer satisfaction. He is uniquely qualified to navigate the waters of leadership, ensuring the continuity and future success of APS.
Transition and Future Goals
Guldner remarked on Geisler's capability, noting that Ted has been instrumental in establishing the company’s long-term strategies. This transition period aims for a seamless handover as Geisler prepares to lead Pinnacle West and APS into the next chapter of growth and innovation.
About Ted Geisler
Since his start with APS in 2001, Geisler has accumulated extensive experience in various key roles leading up to his presidency. His previous positions include Chief Financial Officer, Chief Information Officer, and responsibilities in Corporate Strategy. This diverse experience ensures he is well-equipped to drive the company forward.
Geisler's Community Commitment
Geisler is not just focused on corporate leadership but is also dedicated to community service. As a chairman of the Arizona Chamber of Commerce and a board member of the Greater Phoenix Economic Council, he actively engages in efforts that support local economic growth. His involvement with education and military-related programs showcases his dedication to enhancing the community.
About Pinnacle West Capital Corp.
Pinnacle West Capital Corp., an energy holding company, boasts a robust portfolio with assets exceeding $26 billion. The company provides electricity to around 1.4 million residential and business customers through its subsidiary, Arizona Public Service. With a commitment to excellence, Pinnacle West remains a leader in energy solutions in Arizona and New Mexico while continuing to invest in infrastructure and sustainable practices for the future.
Frequently Asked Questions
1. Who is the new CEO of Pinnacle West Capital Corp.?
Ted Geisler will be the new CEO of Pinnacle West Capital Corp. starting April 1, 2025.
2. When is Jeff Guldner retiring?
Jeff Guldner is set to retire on March 31, 2025, after five years in leadership roles.
3. What roles has Ted Geisler held at APS?
Ted Geisler has served as President of APS and has held several executive positions over his 23-year career at the company.
4. How has Guldner impacted Pinnacle West during his tenure?
Guldner has significantly improved customer experience and initiated carbon-free initiatives, leaving a lasting positive impact.
5. What is Pinnacle West Capital Corp.'s primary business focus?
The company primarily focuses on providing retail electricity services and enhancing energy solutions in Arizona and New Mexico.
