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4-Traders Homepage  >  Equities  >  Nyse  >  DTE Energy Co    DTE

DTE ENERGY CO (DTE)
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DTE Energy : Vice President Faye Nelson to step down

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11/10/2017 | 01:45pm CET

DTE Energy Co. Vice President Faye Nelson is stepping down effective January.

Nelson, 64, who also serves as board chair and president of the DTE Energy Foundation, will leave her post for a teaching position at the University of Michigan and to continue her public board career, according to a DTE news release.

"I`m certainly looking forward to continue my public board career, but most importantly sharing my expertise to support a variety of efforts and to help more women get in public board seats," Nelson told Crain`s.

She will advise on Deloitte`s Board-Ready Women Program in Detroit, helping prepare women for corporate governance.

At UM, her class will examine development of the Detroit Riverfront by exploring development of public and private partnerships, politics and ethics. "We`ll look at all the ingredients that came together that supported the success of the launch of the riverfront," she said.

Nelson served as the first president and CEO of the Detroit RiverFront Conservancy for a decade before joining DTE. Prior to that, she served for 14 years on the board of directors for Compuware Corp.

Starting in January, undergraduate and graduate students can enroll in the Sojourner Truth Fellowship through Michigan`s Taubman College of Architecture and Urban Planning. The program focuses on key urban and regional planning initiatives and on strengthening the diversity initiatives of the college, she said.

DTE Energy is considering candidates to replace Nelson as soon as possible. Reflecting on her tenure with the company, she said she had a great experience partnering with nonprofits and other foundations in efforts to drive positive change.

"I certainly wish my colleagues all the best as they continue to work to make the community a better place," said Nelson, who was selected in 2016 as one of Crain`s 100 Most Influential Women. "I`m very excited about this next chapter in my life and in furthering my public board career."

Nelson joined the Detroit-based energy company in 2014, leading the foundation`s philanthropic realignment and investment initiatives, including the Detroit`s "grand bargain," its largest gift to a single a project.

The foundation awarded $15 million in grants in 2016 and expects $21 million of grant-making for 2017.

Nelson`s board service encompasses several high-profile enterprises in the city, including the Detroit Symphony Orchestra, M-1 Rail, New Detroit Inc., Midtown Detroit Inc., Henry Ford Hospital and the Sphinx organization. She is a lifelong member of the Sixth Circuit Judicial Conference and is a member of the International Women`s Forum, the Executive Leadership Council and the State Bar of Michigan.

(c) 2017 All Rights Reversed for Saudi Press Agency Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2017 11 115 M
EBIT 2017 1 699 M
Net income 2017 994 M
Debt 2017 12 715 M
Yield 2017 2,94%
P/E ratio 2017 19,78
P/E ratio 2018 19,73
EV / Sales 2017 2,97x
EV / Sales 2018 2,95x
Capitalization 20 257 M
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Average target price 112 $
Spread / Average Target -0,90%
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Gerard M. Anderson Chairman & Chief Executive Officer
Gerardo Norcia President & Chief Operating Officer
Peter B. Oleksiak Chief Financial Officer & Senior Vice President
Steven B. Ambrose Chief Information Officer & Vice President
Gail J. McGovern Independent Director
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