Jim Adams Named Non-Executive Chairman of the Oncor Board
"Adding to Oncor's Strong Team"
DALLAS, July 31, 2015 /PRNewswire/ -- Oncor Electric Delivery Company announced today that James (Jim) Adams will serve as Non-Executive Chairman of the Oncor Board of Directors. Bob Shapard will continue as Chief Executive Officer and board member.
Many proactive corporations have strategically separated the Chief Executive Officer and Chairman role. Mindful of this, the Board undertook a thoughtful and deliberative search to find a highly qualified individual that would add to Oncor's already strong team. Mr. Adams was selected to fulfill that role.
"I welcome Jim to the Oncor Board and I look forward to working together," said Oncor CEO Bob Shapard. Jim will bring his tremendous experience and perspective to board and corporate governance matters. We have a strong management team here at Oncor that remains committed to safely and reliably serving our customers."
"I am honored to join the Oncor Board of Directors. Oncor is a highly respected company with a great future," said Jim Adams.
ABOUT JIM ADAMS
James "Jim" Adams previously served as Group President of SBC Communications, President and CEO of Southwestern Bell Telephone and Chairman of the Board of Texas Instruments, where he served on the board for 21 years. He began his career in 1965 in San Antonio as a Computer Supervisor. During his business career he has served on the boards of several public companies, in several capacities and committees. His current civic activities include the P-16 Education Council of Bexar County, Lift Fund (the largest U.S. non-profit micro-lender), Chairman, University Health System, Chairman, Harlandale Education Foundation. Jim earned a BA in mathematics and physics from Texas A&M University and an MBA in statistics and finance from The University of Texas.
Oncor Electric Delivery Company LLC ("Oncor") is a regulated electricity distribution and transmission business that uses superior asset management skills to provide reliable electricity delivery to consumers. Oncor operates the largest distribution and transmission system in Texas, delivering power to more than 3.3 million homes and businesses and operating more than 121,000 miles of transmission and distribution lines in Texas. While Oncor is owned by a limited number of investors (including majority owner, Energy Future Holdings Corp.), Oncor is managed by its Board of Directors, which is comprised of a majority of independent directors.
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SOURCE Oncor
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