Vermont Business Magazine Vermont Low Income Trust for Electricity (VLITE) is seeking applicants to serve as a member of the Vermont Electric Power Company, Inc. (VELCO) Board of Directors for a term beginning in April, 2024. VELCO serves as the operator and manager of Vermont’s high voltage electric transmission system. More information about VELCO, its mission, and its current board can be found at www.velco.com. Board members receive compensation for meetings and subcommittee participation. There are, on average, six meetings of the full board per year and additional committee meetings.
A candidate should possess governance, technical, and/or public interest experience to demonstrate ability to exercise fiduciary duties as a VELCO Board member. Experience in the electricity sector is NOT a requirement for applying. Successful board members are expected to learn about complex subject matter and be engaged participants.
Candidates must attest that they are independent, specifically meaning that (1) neither the candidate nor any member of their immediate family within the past year has been a director, officer, employee, or representative of VELCO or of any Shareholder (electric utilities); or (2) has had any material business relationship with VELCO or any Shareholder of their affiliates.
If you would like to apply for a Board position, please submit the following information by Tuesday, November 7, 2023 to [email protected]. Please include first initial, last name and “VELCO Director Application 2023” in the subject line. If you have questions about the application process, please email [email protected] or call 802-793-4330.
Your application must include:
- Resume or curriculum vitae that includes complete information regarding professional background, board memberships, and organizational affiliations. It should also include contact information, including business and residential address, phone number(s), and email.
- A statement of no more than 750 words total that includes the experience that qualifies you to serve as a VELCO board member and why you are interested to serve on the VELCO Board of Directors; a disclosure of any business, financial, or familial relationship with VELCO or any of its shareholders, officers and directors.
- Three references with contact information.
Source: October 17, 2023. Vermont Low Income Trust for Electricity
