SALT LAKE CITY – Questar Corporation’s (NYSE:STR) board of directors today announced that Chairman Ronald W. Jibsonintends to retire upon the completion of the company’s merger with Dominion (NYSE:D).
Jibson also serves as president and chief executive officer of the Salt Lake City-based integrated energy company, which announced on Feb. 1, 2016, it is combining with Virginia-based Dominion. Subject to shareholder and regulatory approvals, the transaction is expected to be completed during 2016.
Jibson will retire as Questar’s chairman after serving since July 2012. He has been Questar’s president and CEO since July 2010. Prior to that, he was an executive vice president of the corporation and president of its utility subsidiary, Questar Gas Company, which serves about 1 million customers in Utah, southern Idaho and southwestern Wyoming.
Jibson has held several Questar executive and management positions since starting with the company as a design engineer in 1980.
“On behalf of Questar’s board and shareholders, I’d like to thank Ron for his years of service as Questar’s chairman and CEO, and for his long career with Questar, which he has been instrumental in building into one of the nation’s premier energy firms. Ron has led Questar with great integrity, and he’s been both a driving force for economic development and a deeply engaged community leader in the Intermountain West.” – Harris H. Simmons, Questar’s lead director and Zions Bancorporation’s chairman and CEO.
“It’s been the opportunity of a lifetime to help lead Questar over the past several years,” Jibson said. “I’m proud to have worked with employees who have so successfully operated one of the nation’s most respected energy companies. The fact that another top-tier company sees the benefits of combining forces is evidence of their hard work. I look forward to helping complete our combination with Dominion, and I’m confident it will be great for our customers, employees, shareholders and the communities we serve.”
“Ron is widely admired for his distinguished record of leadership at Questar, the energy industry and the community,” said Thomas F. Farrell II, chairman, president & CEO of Dominion. “He has worked tirelessly and with the highest level of integrity throughout his career to achieve outstanding results, while holding true to the public service tradition of our business. We at Dominion feel honored to work with Ron on our historic business combination and we wish him all the best as he moves to the next chapter in his life.”
