TECO Energy (NYSE: TE) President and Chief Executive Officer John Ramil
announced today he will retire Aug. 31, after the closing of the
purchase of the company by Nova Scotia-based Emera Inc.
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TECO Energy President and CEO John Ramil will retire Aug. 31. (Photo: Business Wire)
Ramil, 60, has had a distinguished 40-year career with TECO Energy and
has been a significant leader in the Tampa Bay community. Ramil, a Tampa
native, joined Tampa Electric in March 1976 as a cooperative education
student. After serving in a variety of positions within the company, he
became TECO Energy’s president in 2004 and joined the board of directors
in 2008. Ramil became chief executive officer in 2010.
“John Ramil’s outstanding leadership helped guide the company through
some difficult times and brought us into this new era of strength,” said
Sherrill Hudson, chairman of the TECO Energy board of directors. “He had
a long and impressive career at the company, and he took the business to
Ramil received his Bachelor of Science, Master of Science and honorary
Doctorate degrees in Engineering from the University of South Florida
(USF). In 1999, he was named USF's Distinguished Alumnus. He is the
longest-serving member of the USF board of trustees and served as its
chairman from 2010 to 2015.
“I’m grateful for the chance to serve this company, our customers and
our shareholders for four decades,” Ramil said. “I have been so
fortunate to have spent my career among the wonderful men and women of
TECO Energy. I am excited for the future of TECO Energy as part of the
Ramil serves on the boards of directors of the Moffitt Cancer Center
Institute, GuideWell Mutual Holding Corp. and its subsidiary, Florida
Blue, and he is chairman of the Audit and Compliance Committee for both.
He will continue to serve on those boards after his retirement. He also
serves on the board of the Edison Electric Institute, an industry
association, and the Tampa Bay Partnership, which he will discontinue
upon his retirement. He is a member of the Florida Council of 100.
Previously he served as chairman of the Greater Tampa Chamber of
Commerce and the Tampa Hillsborough Economic Development Corp.
Emera announced today that Ramil will serve on the Emera Inc. board of
directors upon his retirement.
After the transaction closes, the subsidiaries that currently report to
Ramil will report to separate boards.
Energy Inc. (NYSE: TE) is an energy-related holding company with
regulated electric and gas utilities in Florida and New Mexico. Tampa
Electric serves nearly 725,000 customers in West Central Florida; Peoples
Gas System serves nearly 365,000 customers across Florida; and New
Mexico Gas Co. serves more than 515,000 customers across New Mexico.
Note: This press release contains forward-looking statements, which
are subject to the inherent uncertainties in predicting future results
and conditions. Actual results may differ materially from those
forecasted. The forecasted results are based on the company's current
expectations and assumptions, and the company does not undertake to
update that information or any other information contained in this press
release, except as may be required by law. Factors that could impact
actual results include: the ability to successfully close the
merger with Emera on the anticipated schedule, if at all. Additional
information is contained under "Risk Factors" in TECO Energy, Inc.'s
Annual Report on Form 10-K for the period ended Dec. 31, 2015.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160624005370/en/