Sean Trauschke has been named president of Oklahoma Gas and Electric Co., as parent company OGE Energy Corp. begins to lay out its succession plan.
Trauschke, 46, has been chief financial officer of both companies since April 2009. He will continue to serve in those capacities as he takes on the role of president of the electric utility.
OGE Energy CEO Pete Delaney had been president since Danny Harris retired in December 2011.
“This promotion recognizes Sean for his proven leadership, his knowledge and experience in the industry and his contributions as CFO,” Delaney said. “Sean is committed to our culture, cares deeply for our members and is keenly aware of the strategic issues facing our industry.”
Delaney, 59, said Trauschke's appointment is an important part of the company's succession plan.
“Having a clear succession plan is key to OGE Energy's long-term sustainability,” he said.
Trauschke joined OGE Energy in 2009 after serving in a number of leadership positions at North Carolina-based Duke Energy Corp., which serves 7.2 million customers in six states.
“I'm very honored and yet humbled to serve in this new role,” Trauschke said.
“Our company has more than a century of success behind it, as well as a dedicated, hardworking workforce that is second to none. I look forward to being a part of the utility's continued success.”
An OGE Energy spokesman said the formulation of a succession plan does not mean Delaney's retirement is imminent.
“It's simply the first step in a long-term succession planning process,” spokesman Brian Alford said. “It's a valuable process that helps to create certainty and clarity for employees, shareholders, regulators and customers.
“Companies without succession plans are often prone to failure.”
Delaney was named OGE Energy's CEO in September 2007 after Steven Moore died of cancer.
He joined the company in 2002 as CEO of pipeline subsidiary Enogex and chief operating officer of OGE Energy.
It's simply the first step in a long-term succession planning process. It's a valuable process that helps to create certainty and clarity for employees, shareholders, regulators and customers.
OGE Energy spokesman