IDACORP and Idaho Power Appoint Dennis L. Johnson as Board Chair
BOISE, Idaho — Following its May 16 annual meeting of shareowners, IDACORP Inc. (NYSE:IDA) has announced the appointment of Dennis L. Johnson as the new independent chair of the board of directors of IDACORP and its wholly owned subsidiary, Idaho Power, succeeding retiring board chair Richard J. Dahl. Prior to IDACORP’s annual meeting, Dahl retired from the board in accordance with the company’s mandatory director retirement age policy. Dahl had served on the board since 2008.
Johnson has served on the board of directors for IDACORP and Idaho Power since 2013. He also serves as chair of the corporate governance and nominating committee. Johnson has been a prominent member of the Treasure Valley business community for more than 40 years, serving as president, CEO, and a director of United Heritage Mutual Holding Company from 2001 to 2020, and of United Heritage Financial Group and United Heritage Life Insurance Company from 1999 to 2020. Johnson is also a board member for First Interstate BancSystem.
“We are thrilled to welcome Dennis Johnson as our new board chair,” said Lisa Grow, President and CEO of IDACORP and Idaho Power. “Dennis is an outstanding business leader with strong ties to Idaho Power’s service area, and has been a great asset to IDACORP’s governance team for more than a decade. I know he will help us continue to grow and thrive as we build for the future. I also want to thank and recognize Richard for his many contributions to IDACORP and Idaho Power over the past 16 years, including the past five as chair. Richard has provided invaluable leadership and insight to our board, and we thank him for his dedicated service.”
IDACORP and Idaho Power also announced the promotion of Cheryl Thompson, Lead Counsel and Deputy Corporate Secretary, to the position of Corporate Secretary, effective May 25. Thompson will transition into her role as long-time IDACORP and Idaho Power officer Pat Harrington retires from the Corporate Secretary position he has held since 2007.
Background Information
IDACORP, Inc. (NYSE: IDA), Boise, Idaho-based and formed in 1998, is a holding company comprised of Idaho Power, a regulated electric utility; IDACORP Financial, an investor in affordable housing and other real estate tax credit investments; and Ida-West Energy, an operator of small hydroelectric generation projects that satisfy the requirements of the Public Utility Regulatory Policies Act of 1978. Idaho Power, headquartered in vibrant and fast-growing Boise, Idaho, has been a locally operated energy company since 1916. Today, it serves a 24,000-square-mile service area in Idaho and Oregon. Idaho Power’s goal to provide 100% clean energy by 2045 builds on its long history as a clean-energy leader that provides reliable service at affordable prices. With 17 low-cost hydropower projects at the core of its diverse energy mix, Idaho Power’s residential, business, and agricultural customers pay among the nation's lowest prices for electricity. Its 2,100 employees proudly serve more than 630,000 customers with a culture of safety first, integrity always, and respect for all. To learn more about IDACORP or Idaho Power, visit www.idacorpinc.com or www.idahopower.com.
Media Contact
Jordan Rodriguez
Corporate Communications
Phone: (208) 388-2460
JRodriguez@idahopower.com