OGE Energy Corp. Names James Brandi to Board of Directors
18 February 2010 - 8:51AM
PR Newswire (US)
Board also declares regular quarterly dividend OKLAHOMA CITY, Feb.
17 /PRNewswire-FirstCall/ -- OGE Energy Corp. (NYSE: OGE) today
announced that James H. Brandi has been appointed to the company's
Board of Directors. Brandi was elected to a term that will expire
at the company's annual shareowners meeting May 20, 2010, at which
time he will stand for re-election by the company's shareowners to
a three-year term. "Jim brings a wealth of industry and strategic
experience, knowledge and insight to OGE," said OGE Energy
Chairman, President and CEO Pete Delaney. "We look forward to
working with him as he further enhances the leadership and depth of
expertise that resides on our Board today." Brandi, 61, currently
serves as a partner of Hill Street Capital, a financial advisory
and private investment firm. He previously served as managing
director in investment banking at both Dillon Read and its
successor firm, UBS. For more than 30 years, Brandi has advised
U.S. and European clients on financings, restructurings, and
mergers and acquisitions. He has corporate finance experience in a
broad range of industries including beverages, energy and steel
with a focus on utilities, coal, exploration and production, and
natural gas midstream companies. Brandi holds an undergraduate
degree from Yale University and a Master of Business Administration
from the Harvard Business School. Also today, the OGE Energy Board
of Directors declared a second-quarter dividend of $0.3625 per
common share of stock, to be paid April 30, 2010, to shareowners of
record on April 9, 2010. The dividend amount remained unchanged
from the previous quarter. OGE Energy is the parent company of
Oklahoma Gas and Electric Company (OG&E), which serves
approximately 777,000 customers in a service territory spanning
30,000 square miles in Oklahoma and western Arkansas, and of Enogex
LLC, a natural gas pipeline business with principal operations in
Oklahoma. DATASOURCE: OGE Energy Corp. CONTACT: Media, Brian
Alford, +1-405-553-3187, or Investors, Todd Tidwell,
+1-405-553-3966, both of OGE Energy Corp. Web Site:
http://www.oge.com/
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