Following the annual meeting of shareholders of El Paso Electric Company held on May 25, 2017, Mr. J. Robert Brown and Mr. Thomas V. Shockley, III retired from the Board of Directors of the Company in accordance with the director retirement policy in the Company’s Corporate Governance Guidelines. In accordance with Article III, Section 3 of the Company’s Bylaws and based on the recommendation of the Company’s Nominating and Corporate Governance Committee, the Board appointed Mr. Paul M. Barbas and Mr. Raymond Palacios, Jr. to fill the Board positions vacated by the retirements of Mr. Brown and Mr. Shockley. Mr. Barbas will initially serve as a Class I Director, filling the unexpired term of Mr. Shockley. Mr. Barbas was appointed by the Board to serve on the Compensation and Energy Resources and Environmental Committees of the Board. Mr. Barbas, who is currently retired, last served as the President and Chief Executive Officer of DPL Inc., a midsize utility in Dayton, Ohio, and its principal subsidiary, The Dayton Power and Light Company, from 2006 to 2011. DPL Inc. was acquired by AES Corporation in 2011. Mr. Palacios will initially serve as a Class I Director, filling the unexpired term of Mr. Brown. Mr. Palacios was appointed by the Board to serve on the Audit and the Public Policy and Corporate Reputation Committees of the Board. Mr. Palacios is president of Bravo Cadillac, Texas and Bravo Chevrolet Cadillac. On May 25, 2017, Ms. Mary E. Kipp was appointed by the Board to serve as President of the Company concurrently with her position as the Company’s Chief Executive Officer. Ms. Kipp, age 49, has served as the Company’s Chief Executive Officer since December 2015. Previously, she was the Company’s President from September 2014 to December 2015, Senior Vice President, General Counsel and Chief Compliance Officer from June 2010 to September 2014, and Vice President - Legal and Chief Compliance Officer from December 2009 to June 2010. In addition, on May 25, 2017, Mr. John R. Boomer’s title was changed to Senior Vice President after he tendered his resignation as Senior Vice President - General Counsel of the Company. Mr. Boomer has informed the Company that he plans to step down as Senior Vice President and leave the Company on or about July 7, 2017. On May 25, 2017 and in connection with Mr. Boomer’s resignation as the Company’s General Counsel, Mr. Adrian J. Rodriguez, a native El Pasoan who has served as an attorney in the Company’s Office of the General Counsel since April 2013, was appointed by the Board to serve as Vice President - General Counsel and Assistant Secretary, with primary responsibility for oversight of the Company’s legal affairs. Prior to joining the Company, Mr. Rodriguez, age 39, was an attorney in the Dallas office of Vinson & Elkins LLP, where he practiced in the energy regulation practice group and complex commercial litigation practice group. Mr. Rodriguez also served as a law clerk to the United District Court for the Western District of Texas in San Antonio.