Sierra Pacific trimming management
November 17, 2004
LAS VEGAS – The corporate parent of Nevada’s two dominant electric utilities is reorganizing to consolidate functions and trim management.
Walt Higgins, chairman and chief executive of Sierra Pacific Resources, said the realignment announced Tuesday will result in “fewer leadership people, fewer layers of management.”
“What we’re trying to do is make the company run better,” he said.
The parent company of Nevada Power Co. and Sierra Pacific Power Co., with 3,100 employees, will have 10 senior administrators after reorganization.
No layoffs were planned, but Higgins said some displaced managers may leave with severance packages.
Jeff Ceccarelli will remain as president of Reno-based Sierra Pacific Power, and will oversee service delivery and operations for both utilities.
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Pat Shalmy will continue as president of Las Vegas-based Nevada Power, and will handle public policy and company external affairs.
Positions eliminated include southern Nevada and northern Nevada vice president of distribution, held by Matt Davis and Mike Smart.
The vacant position of vice president of human resources was cut. Two lawyer positions remain vacant.
Some officers will keep their current management functions, but without vice president titles. Higgins said the reorganization was not complete.
Sierra Pacific stock was trading Wednesday at $10.43, up 4 cents on the New York Stock Exchange.