Evergy, a vertically integrated, regulated, investor-owned electric utility, has entered into an agreement with affiliates of Elliott Management Corp., which currently own an economic interest equivalent to approximately 10 million shares of Evergy’s common stock.
As part of the agreement, two new independent directors will join the Evergy board of directors, effective March 3, 2020. In addition, the board is establishing a new strategic review & operations committee with a mandate to explore ways to enhance shareholder value.
As part of the agreement, Paul Keglevic, former chief financial officer and chief executive officer of Energy Future Holdings, and Kirk Andrews, current executive vice president and chief financial officer of NRG Energy, are being appointed to the Evergy board as new independent directors, resulting initially in a board comprised of 17 directors. Four current directors will retire from the Evergy board at the end of their current term such
