Sempra Names New President, COO
Sempra Energy, owner of the largest U.S. natural gas utility, said Donald E. Felsinger was promoted to president and chief operating officer and would succeed Stephen L. Baum as chief executive when Baum retires in 2006.
Felsinger, 56, previously oversaw Sempra’s non-utility businesses, the San Diego-based company said. Chief Financial Officer Neal E. Schmale, 57, will succeed Felsinger when Felsinger becomes chief executive, Sempra said.
Sempra’s non-utility businesses include energy trading and development of liquefied natural gas terminals planned in Mexico, Louisiana and Texas.
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