Pinnacle West Capital Corp. (NYSE: PNW) has announced a change in leadership as Chairman and CEO Jeff Guldner will retire from his roles on March 31, 2025, after 5 years of leading the company. APS President Ted Geisler will succeed Guldner and assume the roles of Chairman of the Board, President, and CEO effective April 1, 2025.
Under Guldner's leadership, efforts were made to improve customers' experience and the long-term financial health of the company, resulting in significant impacts. Geisler, who has been President of APS since 2022, has been credited with driving top-quartile rankings in reliability and customer satisfaction, achieving key regulatory outcomes, and setting the strategy for expanding and strengthening the grid.
Geisler has been with APS for 23 years and has held various leadership positions, including Chief Financial Officer, Chief Information Officer, General Manager of Transmission and Distribution Operations, and Director of Corporate Strategy. He holds a deep commitment to the community and currently serves as the Chairman of the Board of the Arizona Chamber of Commerce and on the board of the Greater Phoenix Economic Council (GPEC).
Pinnacle West Capital Corp., an energy holding company based in Phoenix, has consolidated assets of more than $26 billion, about 6,500 megawatts of generating capacity, and approximately 6,100 employees in Arizona and New Mexico. Through its principal subsidiary, Arizona Public Service, the company provides retail electricity service to about 1.4 million Arizona homes and businesses.
This leadership succession comes at a time when Pinnacle West and APS are gearing up for a new era of growth, with Geisler well-positioned to lead the company forward. The market has reacted to these announcements by moving the company's shares -1.1% to a price of $87.76. For the full picture, make sure to review Pinnacle West Capital's 8-K report.
