ODEC President and CEO Announces Retirement
Glen Allen, VA -- Old Dominion Electric Cooperative (ODEC) today announced that Jackson E. Reasor, the longest serving president and chief executive officer (CEO) in ODEC’s history, has informed the board of directors of his plan to retire as president and CEO effective as of January 15, 2018.
The Board has formed a search committee to identify a new president and CEO, and will retain a nationally recognized executive recruiting firm to advise them on potential candidates.
“I began working with ODEC in November, 1998” said Reasor, “and I am proud to have been a part of the company’s growth and evolution. ODEC’s dedicated employees and management team have put us on a solid footing, and I am confident that the cooperative and its member cooperatives are well positioned for its next phase of growth and development. I look forward to working with the board of directors and my successor to ensure a seamless transition.”
“On behalf of the board and everyone at ODEC, I would like to thank Jack for his leadership over the last 19 years as president and CEO, and also for the dedication and commitment that he has given to ODEC and its member cooperatives,” said J. William Andrew, Chairman of ODEC’s board of directors. “The board is committed to conducting a thorough search to identify the right candidate to serve as ODEC’s next CEO and will complete the search as expeditiously as possible.”
Headquartered in Glen Allen, Virginia, ODEC is a not-for-profit, member-owned, power supply cooperative. It supplies the wholesale power requirements of its 11 member electric distribution cooperatives, which provide reliable, affordable electricity to 1.4 million people in 70 counties in Virginia, Maryland and Delaware. Learn more at www.odec.com.