SVEC hires new president and CEO
The Shenandoah Valley Electric Cooperative has hired Michael Hastings as its new president and CEO. He replaces President and CEO Myron D. Rummel, who is retiring.
Hastings will take over his new duties on Aug. 1 and he said he is excited about his new position.
“I think it’s a very well managed cooperative,” Hastings said Monday. “I think they have a good board of directors and I’m looking forward to working for them. I’ve met some staff at various coop functions and was very impressed with their staff as well.”
The search to fill Rummel’s position was both lengthy and far-reaching said Michael Aulgur, SVEC vice president of membership services. The SVEC Board of Directors employed a recruiting and consulting firm to assist in the search.
“I think it’s fair to say that we look forward to working with Michael as our new president and CEO,” said Aulgur.
A native of Kansas , Hastings works for Jo-Carroll Energy in Elizabeth, Illinois. He, his wife Shauna and their children will be moving to the Shenandoah Valley this summer.
Hastings says he is planning out his transition.
“My plan is to go in and to assess the situation and go from there,” said Hastings. “I already know that it’s a well-run coop by the present CEO. I’m not going in with any preconceived notions of change. I want to get a lay of the land and go from there, work closely with the staff and the board to see what makes sense for the Shenandoah Valley.”
Hastings says that SVEC’s service area was something that attracted him, as the cooperative recently worked to acquire Allegheny Power’s Virginia customers.
“We had done an acquisition here before that and there’s a lot of work that’s involved in combining areas, and that’s work I really enjoy,” Hastings said.
Hastings has also worked as a lawyer in the cooperative system, he said he decided to make the change from legal to management.
Contact staff writer Nathan Budryk at 540-465-5137 ext. 155, or firstname.lastname@example.org