Richard J. Navarro Appointed to Boards of Directors

02 / 11 / 2015

BOISE, Idaho -- IDACORP, Inc. (NYSE:IDA) announced following the Feb. 10 meeting of its board of directors the appointment of Richard J. Navarro to serve on the boards of directors of IDACORP and Idaho Power Company.

Navarro began his career with Albertson's Inc., holding numerous financial and accounting positions within the organization's finance department over the past 30-plus years; he has served as the Chief Administrative Officer of Albertson's LLC since March 2014. Previously, Navarro was the Chief Financial Officer of Albertson's LLC, from June 2006 to March 2014. Prior to that, from 2004 to 2006, he was a consultant providing financial management services to various businesses. Navarro also served as Senior Vice President and Controller at Albertson's Inc. from 1999 to 2003, and as Group Vice President and Controller at Albertson's Inc. beginning in 1993.

Navarro has previously served as a member of several boards of directors: Home Federal Bancorp, Inc. from 2005 to 2014; TitleOne Corporation from 2004 to 2013; and the Boise State University Foundation from 1992 to 2014. He is also the past Chairman of the Associated Taxpayers of Idaho.

“We are pleased to have an executive of Rick’s caliber join our boards,” said Robert Tinstman, chairman of the IDACORP and Idaho Power boards. “I am confident that with his deep financial and accounting background he will be a great contributor to our company.”

IDACORP President and Chief Executive Officer Darrel Anderson added, “Rick is an accomplished business leader and a valuable addition to our team. His knowledge and character fit our culture well, and his business experience positions him for success on our boards.”

Navarro, a Certified Public Accountant, is a graduate of Boise State University and the Executive Financial Management Program at Stanford University’s Graduate School of Business.

IDACORP, Inc. (NYSE: IDA) is based in Boise, Idaho and was formed in 1998 as a holding company. IDACORP subsidiaries include: Idaho Power, a regulated electric utility; IDACORP Financial, an investor in affordable housing projects and real estate; and Ida-West Energy, an operator of small hydroelectric projects. IDACORP’s origins lie with Idaho Power and operations beginning in 1916. Today, Idaho Power employs more than 2,000 people who serve more than 513,000 customers throughout a 24,000-square-mile area in southern Idaho and eastern Oregon. To learn more, visit or

Contact: Stephanie McCurdy
Communication Specialist
Idaho Power


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