Summary
Sempra Energy (SRE) announced a significant board change in its Form 8-K filing dated September 28, 2010. The company elected Luis Tellez to its Board of Directors, a move that brings a seasoned executive with deep experience in both the Mexican financial markets and governmental affairs to the company's leadership. Mr. Tellez's appointment is noteworthy given his current role as Chairman of the Board and CEO of the Mexican Stock Exchange. His previous experience includes serving as Mexico's Secretary of Communications and Transportation and a managing director at The Carlyle Group. This addition is expected to provide valuable strategic insights, particularly concerning Sempra's operations and potential growth in Mexico and Latin America.
Key Highlights
- 1Luis Tellez elected to Sempra Energy's Board of Directors.
- 2Mr. Tellez appointed to the Compensation Committee.
- 3Mr. Tellez appointed to the Corporate Governance Committee.
- 4Mr. Tellez brings extensive experience from leadership roles in the Mexican financial sector (Mexican Stock Exchange) and government (Secretary of Communications and Transportation).
- 5Previously served as a director of Sempra Energy from June 2006 to November 2006.
- 6His prior resignation from the board was due to his appointment as Mexico's Secretary of Communications and Transportation.