Summary
This Form 8-K filing by Sempra Energy (SRE) on February 21, 2011, reports a significant change in its Board of Directors. The key event is the election of Alan L. Boeckmann to the Board of Directors, effective February 17, 2011. Mr. Boeckmann brings extensive experience from the energy and engineering sectors, having served as Chairman and CEO of Fluor Corporation until early 2011. His appointment to Sempra's Compensation Committee and Corporate Governance Committee indicates an immediate engagement in key oversight functions. Investors should note his prior leadership roles and directorships, which suggest a seasoned individual joining the company's governance structure. The filing also confirms that Mr. Boeckmann will be compensated under the standard non-employee director program and that there are no related-person transactions to disclose.
Key Highlights
- 1Alan L. Boeckmann elected to Sempra Energy's Board of Directors on February 17, 2011.
- 2Mr. Boeckmann also appointed to the Board's Compensation Committee and Corporate Governance Committee.
- 3Boeckmann's background includes serving as Chairman and CEO of Fluor Corporation (2002-early 2011).
- 4He is also a director of BHP Billiton and a member of the National Petroleum Council.
- 5Mr. Boeckmann will receive compensation according to the standard non-employee director program.
- 6No arrangements or understandings exist with other persons regarding his selection.
- 7No related-person transactions between Mr. Boeckmann and Sempra Energy or its subsidiaries were disclosed.