Terry Rorex, Board Chairman, stated, We are excited to announce Jeremiah Sloan as the newly appointed CEO of Craighead Electric. The co-ops rates have remained steady for more than a decade, but recent challenges affecting CECCs financial condition, including increased operating costs, plant growth due to increased electricity sales and inflation at large, have necessitated a change in electric rates. Jonesboro, AR. The Board of Directors of Craighead Electric Cooperative has named Jeremiah Sloan as the new Chief Executive Officer of the corporation. Kelly Craighead. . He worked as a Right-of-Way Crew Member, Apprentice Lineman, Staking . Over the next 5-7 years, roughly 5,000 miles of fiber optic cable will be built in support of this communications upgrade project. Since the beginning, Craighead Electric Cooperative is a not-for-profit corporation and is only in business to provide a reliable and low-cost source of electricity to our membership. Throughout his extensive career with Baker Hughes, Craighead held a number of executive leadership and operational positions, including assignments in Canada, Latin America and Asia. Sloan and his wife, Blythe, have four boys, Atlas, Everest, Cypress, and Sparrow, and they live in Portia. When Craighead Electric was approved by the REA, it became the second electric cooperative in Arkansas. When a membership is held jointly by a husband and wife, either one, but not both, maybe elected a director. Applicants may access the nomination petition forms and application materials online, download them, and fill them out at their convenience. While the average residential electric bill will increase by about $14.13, from $112.45 to $126.58, the new rates will still compare favorably to other rural utilities in Arkansas and across the nation. More than 10,000 locations already connected over last two years to new, world-class fiber network PLANO, Texas, July 29, 2021 (GLOBE NEWSWIRE) - DZS (NASDAQ: DZSI), a global leader in optical and packet-based mobile transport, broadband connectivity and software defined networking solutions, today announced the success of a transformative rural broadband network deployed by Craighead Electric . 2023 Emerson Electric Co. All rights reserved. St. Bernards hosting dedicated COVID vaccine clinics this Friday and next, With new Hot Pocket production line, Nestl to add up to 70 new workers immediately, An active duty military member traveled from Kansas to Arkansas to pick up a 16-year-old. Craighead Electric Cooperative is a member-owned not-for-profit electric company incorporated in 1937. November/December 2022 Hotlines Newsletter: See the updated Membership Handbook, SmartHub Tips, and more. Terry Rorex, Board Chairman, stated, "We are excited to announce Jeremiah Sloan as the newly appointed CEO of Craighead Electric. The business and affairs of the Cooperative shall be managed by a board of seven (7) directors which shall exercise all the powers of the Cooperative except such as are by law or by the articles of incorporation of the Cooperative or by these bylaws conferred upon or reserved to the members. Sloan will succeed Brian Duncan following his retirement in March." Craighead most recently served as vice chairman of Baker Hughes. Box 400, Little Rock, Arkansas, 72203-0400. Nothing contained in this section shall or shall be construed to affect in any manner whatsoever the validity of an action taken at any meeting of the Board of Directors. From 2017 until May 2019, Mr. Craighead served on the board of Baker Hughes, a GE company, following the combination of Baker Hughes with GE's oil and gas business. Thank you, and we wish you a great retirement.. Section 2A. Thank you all for doing the great jobs keeping us in the light. Following industry best practices, the cooperative commissioned an engineering consulting firm (Toth & Associates) to review current rates and determine if they are producing sufficient revenue. Unless a vacancy occurs, the terms of directors shall be staggered so that not more than one (1) director from each district shall have a term of office expiring in the same year. Please contact us if you need assistance purchasing this product in another country. Craighead earned a bachelors degree in petroleum and natural gas engineering from Pennsylvania State University and a masters degree in business administration from Vanderbilt University. I look forward to the opportunity to serve the member/owners of Craighead Electric, and it is very exciting to be able to lead an exceptional group of employees into the future.. Sign up for free. Since 2018, Ms. Catalano has served on the board of directors of Frontdoor, Inc., where she is the chair of the Compensation Committee. JONESBORO, AR (KAIT) - High-speed, broadband internet is coming to rural northeast Arkansas. It has been an honor and a privilege to serve alongside such a dedicated group of employees at Craighead Electric and Ive had a great opportunity to watch Craighead Electric become a premier service provider in our State and Region Duncan further stated, God has allowed me to do what Id always dreamed of doing and His blessings on my life are truly amazing.. Sloan will succeed Brian Duncan following his retirement in March.. Our Automation Solutions business helps process, hybrid, and discrete manufacturers maximize production, protect personnel and the environment while optimizing their energy and operating costs. On November 28, 1938, about 75 miles of line in the Valley View area, south of Jonesboro were energized. Notwithstanding anything contained herein, failure to comply with the provisions of this Section will not affect in any manner whatsoever the validity of any election of a director of directors. Duncan has served the Cooperative for over 43 years. His valuable insights and strategic perspectives are a welcome addition to our board as we continue strengthening our footprint in the energy industry.. 12, 2022 at 8:17 PM PDT. He worked as a Right-of-Way Crew Member, Apprentice Lineman, Staking Engineer, District Manager, Key Account Manager, Manager of Member Services and Vice President of Corporate Services before filling the role of CEO in 2007. The above proposed rates will become effective for bills rendered on or after October 1, 2022 unless on or before such effective date petitions from ten percent (10%) of the member-consumers have been received by the Arkansas Public Service Commission. . Awards recognizes Emersons leading global industrial software and IoT expertise provided through the power of Plantweb with AspenTech. Process Control for Power & Water Industries, SCADA, Remote Terminal Units (RTU) & Flow Computers, Programmable Automation Control Systems (PLC/PAC), AVENTICS Product Calculation Pneumatics, Electrical Construction Materials & Lighting, Click to view our Accessibility Policy and contact us with accessibility-related issues, Residential Construction & Home Improvement, Emerson Schedules First Quarter 2023 Earnings Release and Conference Call, Emerson Announces Premium, All-Cash Proposal to Acquire National Instruments for $53 Per Share, Emerson Named Industrial IoT Company of the Year for Fifth Time, Do Not Sell or Share My Personal Information, Transparency in Coverage Machine-Readable Files. CRAIGHEAD COUNTY, Ark. of Corporate Services before fulfilling his current position as CEO in 2007. Craighead Electric Inc Contact Information. After obtaining the requisite signatures, the person being nominated must present the petition(s) with original signatures thereon not less than ninety (90) days prior to the annual meeting. The first board meeting was held in the basement of the Jonesboro Post Office. Heather Cerda. Soon the requirements were met with REA and Craighead Electric Cooperative became a Corporation on August 13, 1937. The largest impact to a typical residential account will be in the service availability charge. I look forward to the opportunity to serve the member/owners of Craighead Electric, and it is very exciting to be able to lead an exceptional group of employees into the future.. To apply for loans from REA, a corporation needed 612 members and each member would be asked to put up a $5 membership fee, this was a requirement by REA. This program was designed to lend money to provide rural customers with electricity. 2023 Emerson Electric Co. All rights reserved. Jan. 4, 2021 (6:30 p.m.) The Board of Directors of Craighead Electric Cooperative has named Jeremiah Sloan as the new Chief Executive Officer of the corporation. Every day, Craighead Electric Cooperative signs up new members, each is required to pay a membership just as they did in 1937. The effect of the rate change on individual consumers will vary depending on the class of service and the amount of electricity used. As a byproduct of that smart grid communications upgrade project, the CECC Board of Directors recently approved Craighead Electric to provide a new service: High-speed broadband internet! After obtaining an office space for the cooperative and hiring personnel and staff, plans were made to begin staking right of way and setting poles and power lines for service. As a byproduct of that smart grid communications upgrade project, the CECC Board of Directors recently approved Craighead Electric to provide a new service: High-speed broadband internet! The cooperatives wholly owned subsidiary, empower, has 30 employees and serves just over 12,000 internet subscribers. 0. CECC will submit the rate adjustment request to the Arkansas Public Service Commission in July. % director attendance at the 2019 Annual Meeting Proactive Governance in 2019 Board refreshment - Added 4 new Directors in the last 3 years Recruitment number of Director nominees in the Company's proxy statement for election. Board of directors Martin S. Craighead Retired chairman of the board and chief executive officer, Baker Hughes Inc. Vice chairman of Baker Hughes, a GE company, 2017-2019. The Board of Directors of Craighead Electric Cooperative has named Jeremiah Sloan as the new Chief Executive Officer of the corporation. In recognition of Duncans commitment to the Coop, the 1-Megawatt Solar Field in Brookland, Arkansas, was dedicated to Duncan, now to be known as The Brian Duncan Solar Generation Facility. Jonesboro, Arkansas, United States. Duncan announced his retirement in August of 2021 with an effective date of March 28, 2022. 1 - 50. Jeremiah Sloan, CEO . There was no ceremony to herald the coming of electricity to rural Craighead County. The locally owned and managed organization has 100 employees. Note: Only one (1) person may sign on the nominating petition for each membership, i.e., a husband and wife having a joint membership shall be counted as only one (1) signature on a petition. Duncan has fulfilled many roles since he was first hired in 1978. Craighead most recently served as vice chairman of Baker Hughes, one of the world's largest oil field services companies. Sloans educational background includes a Master of Science in Electrical Engineering from the University of Kentucky, a Bachelor of Science in Electrical Engineering from Tennessee State University, a Graduate Certificate in Power and Energy from the Power and Energy Institute of Kentucky, and completion of the Robert I Kabat Management Internship Program. He first joined Baker Atlas, part of Baker Hughes, in 1986 and prior to that served as a research engineer with BJ Services Company. About Craighead Electric. Each year that followed, those numbers increased and by the year 1950, there were 15,571 members using 81 kWh monthly and 3,671 miles of line. Jonesboro, AR. After 44 years of employment at Craighead Electric Cooperative Corporation, Brian Duncan has retired as CEO. He served on the Board of Directors for Arkansas Electric Cooperative Corporation (AECC), Arkansas Electric Cooperatives, Inc. (AECI), Todays Power, Inc., and he was the past Chairman of the Board of Electric Research and Manufacturing Cooperative (ERMCO). Your email address will not be published. Notify me of follow-up comments by email. The Secretary will post and maintain at the Cooperative, a current list of all proper nominees for all of the Board of Directors positions to be elected at the next annual meeting. The Board of Directors of Craighead Electric Cooperative has named Jeremiah Sloan as the new Chief Executive Officer of the corporation. Craighead Electric is proud to service over 32,000 members in eight counties in Northeast Arkansas. []. National Labor Relations Act creates an unwanted counter to management's ultimate power, so you can at least expect Craighead Electric to try to persuade you that you are better off remaining "at-will . Independent & inside Board of Directors members. Craighead Electric is headquartered in Jonesboro and operates two full-service district offices located in Paragould and Walnut Ridge. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023 | MH Magazine WordPress Theme by MH Themes, Report: Suspect pulled victims hair out and attempted to shoot her, Traffic stop leads to cocaine, LSD arrests, Chancellor Announces Update on College of Veterinary Medicine Project, JPD investigating shooting from early Tuesday, New Masters Degree at A-State Features Applied Digital Technology, Kansas man arrested for coming to Arkansas to pick up teen, St. Bernards Healthcare Releases COVID-19 Plan, West Memphis Three still seek justice 11 years after their release from prison, Report: Suspect pulled victim's hair out and attempted to shoot her, Mercado had been previously arrested for battery - by WRPD, Homicide investigation after body found in burning vehicle, 126 years in prison for woman who murdered 8-year-old. ST. LOUIS (June 4, 2019) Martin S. Craighead, former chairman, president and CEO of Baker Hughes, has been elected to Emersons (NYSE: EMR) board of directors, Chairman and Chief Executive Officer David N. Farr announced today. In order to be eligible to become and to continue to serve as a director, the person must: a. be a citizen of the United State of America, c. be a member in good standing with the Cooperative, d. not currently be nor shall have been employed by the Cooperative or any other electric utility for a period of five (5) years prior to the date of such election, e. not have a spouse who currently is or has been employed by the Cooperative or any other electric utility for a period of five (5) years prior to the date of such election, f. not be nor have a spouse who is in any way employed by or directly financially interested in a competing enterprise or business selling electric energy or supplies to the Cooperative, g. not have been convicted of a felony or a misdemeanor which misdemeanor involves dishonesty within the ten (10) years prior to the date of the election unless the candidate has received a pardon for such conviction, h. not be convicted of a felony or a misdemeanor which misdemeanor involves dishonesty while serving as a director, i. attend a majority of all board meetings (unless excused by the Board of Directors for good cause) during any twelve (12) consecutive month period, j. meet the residency requirements of Section 2Aand, k. not be and not have a spouse who is the incumbent of or a candidate for an elective public office in connection with which a salary is paid. Our Commercial & Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency, and create sustainable infrastructure. But times are changing and with that change brings a whole new opportunity to modernize our grid with a communications network that will link critical electric assets together to ensure power quality, reliability, and increase CECC operational efficiency. Finally, rural areas were no longer at the mercy of power companies whose primary interests were in the more densely populated areas of the state. If such petition(s) are in proper form and contain a minimum of fifteen (15) proper signatures, and the person so nominated meets the requirements as outlined in this Article III, such person shall be added to the list of nominees for the proper position. Sloan and his wife, Blythe, have four boys, Atlas, Everest, Cypress, and Sparrow, and they live in Portia. Petition for nomination shall be available at the Cooperative not less than one hundred fifty (150) days prior to the annual meeting. The Board of Directors of Craighead Electric Cooperative named Jeremiah Sloan as the new chief executive officer of the corporation earlier this week. Craighead most recently served as vice chairman of Baker Hughes, one of the world's largest oil field services . Kent Madin. My responsibilities require me to oversee the day to day operations of the Fresh Meat Processing, Bakery Department, Deli . These charges are reflected as either debits or credits on members statements each month. He was responsible for the acquisition, development, and deployment of combat identification and communications systems for the Department of Defense and led Air Force Reserve Officer Training Corps programs at the University of Kentucky and University of Louisville. For more information visit Emerson.com. Petition forms and additional application information are available on PEC's Nomination by Petition webpage . Product(s) in your cart may not be available in the selected country and will be removed from your cart if you choose the SELECT button below. Instead, a lineman climbed a cooperative pole near the meter point and closed a switch. Sloan has been with CECC since 2016 and held the roles of Engineer, Manager of Fiber Assets, and Chief Operating Officer of empower, Delivered by Craighead Electric. The CECC Board of Directors reviewed the cost-of-service study and, upon cooperative staff's recommendation, voted in favor of a rate adjustment to increase system revenue by 9.3%. MEET YOUR DIRECTOR. Incorporated in 1937, the cooperative operates offices in Jonesboro, Walnut Ridge and Paragould. We recommend you contact the office to verify the date/time of the meeting. Duncan has fulfilled many roles since he was first hired in 1978. The proposed rates are designed to increase overall system revenue from Arkansas consumers by 9.3%. empower, Delivered by Craighead Electric, is a wholly-owned subsidiary of CECC that will offer lightning-fast internet, crystal-clear phone, and ultra-HD live . A scary situation was reported to Jonesboro police Saturday night and it began with a shots fired call. The Board of Directors of Craighead Electric Cooperative named Jeremiah Sloan as the new chief executive officer of the corporation earlier this week. Save my name, email, and website in this browser for the next time I comment. The person seeking such nomination may obtain more than one (1) copy of such petition. @CraigheadCoop Thank you to all who are working tirelessly to keep families across NEA safe and warm. Jan 12, 2022. Mark A. Blinn Dallas, Texas, United States Former CEO, President and Director of Flowserve Corporation Board Appointment Year: 2019 Committee: Audit, Compensation No big gathering. Sloan will succeed Brian Duncan, who is retiring in March after 43 years working for Craighead Electric. While the average residential electric bill will increase by about $14.13, from $112.45 to $126.58, the new rates will still compare favorably to other rural utilities in Arkansas and across the nation. Vernon Buddy Hasten, CEO of AECI/AECC, recognizes Brian Duncan for his years of service to the Craighead County Agricultural Extension Agent A.R. All directors elected to fill a vacancy of an unexpired term shall be elected for the period remaining on the unexpired term. The 9.3% reflects the average increase across all rate classes residential, commercial and lighting, including an increase in the service availability charge. The service availability charge helps cover fixed costs, such as meters, transformers and lines necessary to provide electricity to a service regardless of its usage. Jan. 4, 2021 (6:30 p.m.) The Board of Directors of Craighead Electric Cooperative has named Jeremiah Sloan as the new Chief Executive Officer of the corporation. Craighead Electric Names New Chief Executive Officer. "This is up 155,000 acres or one-third from 2021 and the highest since 2011," Stiles said. No one even remembers who the lineman was. Section 1. Emerson is the global technology, software and engineering powerhouse driving innovation that makes the world healthier, safer, smarter and more sustainable. President . The Craighead Electric Cooperative Board of Directors meet on the last Friday of the month. Sloans educational background includes a Master of Science in Electrical Engineering from the University of Kentucky, a Bachelor of Science in Electrical Engineering from Tennessee State University, a Graduate Certificate in Power and Energy from the Power and Energy Institute of Kentucky, and completion of the Robert I Kabat Management Internship Program. While serving on active duty, he functioned as a Development Engineer and a Professor of Aerospace Studies. Sloan will succeed Brian Duncan following his retirement in March.. Jonesboro, AR. Louis, Missouri, United StatesPresident and Chief Executive Officer, EmersonBoard Appointment Year: 2021Committees: Executive, Lori Lee (c)Mark A. BlinnCandace KendleMatthew S. LevatichJames S. Turley, Gloria A. Flach (c)Mark A. BlinnMartin S. CraigheadWilliam H. Easter III, Joshua B. Bolten (c)Martin S. CraigheadCandace KendleJames S. Turley, James S. Turley (c)Joshua B. BoltenGloria A. FlachArthur F. GoldenLal KarsanbhaiLori Lee, Arthur F. Golden (c)William H. Easter IIIGloria A. FlachLori LeeMatthew S. Levatich, Statement of corporate governance, revised effective May 4, 2021,reviewed as of May 4, 2021. In order to become eligible and continue to serve as a director, the person: As a qualification of office at the time that a director is first elected to the Board of Directors, the director shall reside in and be selected from the area encompassed by a particular district and position as those areas are defined in these bylaws. Our dedicated employees are focused on providing world class service and extraordinary member care, because thats what a cooperative is supposed to do. The Board of Directors of Craighead Electric Cooperative named Jeremiah Sloan as the new chief executive officer of the corporation earlier this week. Story Coffee House (501) 617-2432. Frank J . From 2006 until 2022, she was on the board of . Please contact us if you need assistance purchasing this product in another country. Address: PO BOX 555, Chimacum, WA 98325 Edit. Interest soon grew to other counties as well as, Craighead, Greene, Poinsett, to name a few. Article - III Directors. In addition, CECC plans to rebase the cost of energy and cost of debt adjustment revenues into the new kWh rates. On Tuesday . Prices forced a significant uptick in acres in the Natural State. Jonesboro, AR. The Board of Directors of Craighead Electric Cooperative has named Jeremiah Sloan as the new Chief Executive Officer of the corporation. By 1970, Craighead Electric had 15 substations, currently, there are 21. Duncan has served the Cooperative for over 43 years. Jonesboro, AR. The Board of Directors of Craighead Electric Cooperative has named Jeremiah Sloan as the new Chief Executive Officer of the corporation. It is a distribution cooperative, meaning that it does not generate its own power, but rather purchase electricity wholesale and distributes it to members within its service territory. Board Chairman Terry Rorex stated, "We are excited to announce Jeremiah Sloan as the newly appointed CEO of Craighead Electric. 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