Vermont Electric Power Company (VELCO) President and CEO Tom Dunn announced today the election of Ms. Karin Stamy to serve as VELCO’s Vice President, General Counsel and Corporate Secretary. Today’s unanimous vote by the Company’s Board of Directors culminates a four-month, nationwide search conducted by a respected placement firm.
“Karin is a great addition to our executive team. She brings a dynamism and fresh viewpoint to our work at a time of transformational change in our industry,” said CEO Tom Dunn. He added: “Her leadership, verve and expertise will be invaluable as VELCO works to create a sustainable Vermont through our people, relationships, assets and unique business structure.”
VELCO Board Chairman Larry Reilly said, “The VELCO executive team has done exemplary work to keep Company employees safe, the transmission grid reliable and costs down. Karin is an excellent addition whose unique voice will no doubt help to strengthen VELCO’s performance. She’s the right hire at the right time.”
Reacting to her election, Ms. Stamy said: “I am excited and gratified to begin this new role at such an important time. I have much to learn about the electric industry, and believe my experience in another linear infrastructure business will afford our team a complementary perspective. I look forward to working with this highly accomplished team, contributing strong governance, and supporting Vermont’s role in a clean energy future.”
Prior to her arrival at VELCO, Karin worked as the Senior Deputy General Counsel at Norfolk Southern Corporation, a railroad company, based in Atlanta, Georgia, where she acted as the lead attorney in operations, safety and security matters. She brings extensive experience in a regulated industry, environmental law, and has an impressive background driving corporate culture for safety and women’s leadership.
Karin earned her law degree from State University of New York College at Buffalo and her undergraduate degree from Cornell University. Karin and her two daughters are relocating from Atlanta, Georgia to Vermont.
About VELCO
Vermont Electric Power Company: (VELCO) is Vermont’s statewide electric transmission provider, with our sights set on creating a sustainable Vermont through our people, assets, relationships and operating model. Formed in 1956 when local Vermont utilities established the nation’s first “transmission only” company to access clean hydro power from New York, VELCO’s system now includes: 738 miles of transmission lines, 55 substations, switching stations and terminal facilities, 13,000 acres of rights-of-way and a 1,500-mile fiber optic network that monitors and controls the electric system and serves as a key link for Vermonters’ high-speed data internet access. We are owned by the state’s 17 distribution utilities and a benefit corporation. VELCO is a for-profit company with a financial structure designed to return value to our owners, their customers, and to every Vermonter. For more information please visit our website at www.velco.com.