Summary
Ameren Corporation (AEE) filed an 8-K on March 3, 2015, to report the retirement of Executive Vice President Charles D. Naslund, effective March 1, 2015. While retiring from his operational roles, Mr. Naslund has entered into a consulting agreement with the Company. This agreement will have him provide advisory services related to nuclear oversight, corporate operations, and nuclear generation for a period extending from April 1, 2015, to September 30, 2016. The consulting arrangement ensures continued access to Mr. Naslund's expertise during this transition period. He will receive a monthly retainer of $11,000 for his services. The agreement also includes standard clauses such as confidentiality, non-compete, and a general waiver and release of claims, reflecting a structured transition aimed at minimizing disruption to the company's operations, particularly in critical areas like nuclear generation.
Key Highlights
- 1Retirement of Executive Vice President Charles D. Naslund, effective March 1, 2015.
- 2Mr. Naslund will provide consulting services post-retirement under a consulting agreement dated March 2, 2015.
- 3Consulting services will focus on the Nuclear Oversight and Environmental Committee, Corporate Operations Oversight, and Ameren Missouri's nuclear generation operations.
- 4The consulting period is from April 1, 2015, to September 30, 2016.
- 5Mr. Naslund will receive a retainer of $11,000 per month for his consulting services.
- 6The consulting agreement includes confidentiality, non-compete, and waiver/release provisions.
- 7The full consulting agreement will be filed as an exhibit to the Form 10-Q for the period ending March 31, 2015.