8-KLeadership Changes

SEMPRA 8-K Report, Executive Changes (Mar 19, 2008)

Filed March 19, 2008For Securities:SRESREA

Summary

This Form 8-K filing by Sempra Energy (SRE) on March 18, 2008, announces a significant change in its Board of Directors. Lynn Schenk has been appointed as a new director, effective March 18, 2008. This appointment is strategically important as Ms. Schenk brings a wealth of experience from public service, including her roles as Chief of Staff to the Governor of California and a former U.S. Representative. Ms. Schenk's appointment is further strengthened by her immediate placement on key board committees: the Audit Committee and the Environmental and Technology Committee. This suggests the board is looking to leverage her expertise in financial oversight and potentially in areas related to the company's evolving operational and regulatory landscape. Investors should note that Ms. Schenk will be up for re-election by shareholders at the upcoming Annual Meeting on May 22, 2008.

Key Highlights

  • 1Lynn Schenk appointed as a new member of Sempra Energy's Board of Directors, effective March 18, 2008.
  • 2Ms. Schenk appointed to the Board's Audit Committee.
  • 3Ms. Schenk appointed to the Board's Environmental and Technology Committee.
  • 4Ms. Schenk's extensive background includes former roles as Chief of Staff to the Governor of California and a U.S. Representative.
  • 5She also has experience as California Secretary of Business, Transportation and Housing.
  • 6Ms. Schenk is a current director of Biogen Idec Inc. and a trustee of The Scripps Research Institute.
  • 7Ms. Schenk will be subject to shareholder re-election at the Annual Meeting on May 22, 2008.

Frequently Asked Questions

Lynn Schenk is a 63-year-old attorney in private practice. Her extensive public service career includes serving as Chief of Staff to the Governor of California (1999-2003), a member of the U.S. House of Representatives (1993-1995), and California Secretary of Business, Transportation and Housing (1980-1983). She also holds board positions with other organizations like Biogen Idec Inc. and The Scripps Research Institute.

Her appointment to the Audit Committee suggests a focus on strengthening financial oversight and governance. Her placement on the Environmental and Technology Committee indicates the board may be seeking to enhance its strategic direction in these critical and often complex areas of Sempra's business.

Ms. Schenk will stand for re-election to the Board of Directors at Sempra Energy's Annual Meeting of Shareholders, which is scheduled for May 22, 2008.