CENTRAL ELECTRIC COOPERATIVE CHIEF EXECUTIVE OFFICER
Founded in 1938, Central Electric Cooperative (Central) is a member-owned distribution cooperative headquartered in Stillwater, Oklahoma. Located about an hour outside of Oklahoma City, Stillwater boasts sunny and hot summers, mild winters, and a rural college town atmosphere along with big city access. Oklahoma State University is one of the biggest employers in the area and the town is home to numerous sporting events, entertainment venues, shops, and restaurants. The city’s many parks and recreation choices such as Lake Carl Blackwell and Lake McMurtry also contribute to the high quality-of-life in Stillwater.
Central generates annual operating revenue of approximately $61 million and provides electric service to 21,500 members through more than 4,300 miles of electrical line. Central’s stated mission is, “Empowering our Members and Communities,” and the cooperative’s vision is, “Embracing change and capturing technology to remain relevant and responsive as we strive to be the best energy provider in the country by creating the Next Generation Utility.”
Central seeks a Chief Executive Officer (CEO) who can bring a compelling vision and strong leadership skills to ensure continued success and positive organizational progress and change. The CEO sets the professional tone for the entire organization and is expected to consistently elevate performance metrics, financial results, and service delivery for the benefit of members. He or she must also be an effective communicator who will work collaboratively with Central’s governing Board of Trustees, employees, members, and community leaders. The CEO must ensure the Board of Trustees is fully appraised of emerging financial and operational challenges and issues, as well as, regulatory, legislative, and technological changes and trends. The CEO will lead an 80-person workforce.
Planning - formulate, with the advice and counsel of appropriate committees of the Board, short- and long-range plans, along with an annual work plan and budget, for achieving approved objectives, programs and policies for recommendation to the Board of Trustees.
Public and Member Relations - promote membership interest in, and support of, the cooperative's programs and establish a sound relationship between the cooperative and its members. Develop and carry out a public and member relations program. Develop and maintain working relationships with other organizations and governmental bodies such as financing sources, NRECA, the Department of Energy, RUS, KAMO, AECI, OAEC, and other organizations to further the best interests of the cooperative and its members.
Legislation - analyze legislative matters which affect the cooperative and determine the position to be taken by the cooperative, consistent with Board policy.
Financial Management - recommend to the Board of Trustees the rates to be charged to members for electric power and any other services. Determine the capital needs of the cooperative and develop, with the Board, plans for raising funds. Negotiate and maintain relations with the cooperative’s financial sources. Recommend for Board approval the method, procedures and amount of capital credits to be retired. Invest or reinvest cooperative funds and cash investments whenever due in accordance with approved cash management plans. Establish accounting systems, procedures, statistics, and reports needed for sound financial management and for control information required by the Board of Trustees, its committees, and the cooperative members. Determine an insurance program adequate to cover those risks of the cooperative's operations. Establish procedures for the billing of accounts owed the cooperative, render monthly bills, accept and process collections, and take follow-up action, as appropriate, to collect overdue amounts.
Board and Stakeholder Meetings - formulate plans for meetings of the Board of Trustees, its committees, and members of the cooperative, and send all notices, minutes, and mailings to Trustees and committees. Submit periodic and special reports to the Board of Trustees and to its committees, as appropriate, about operations of the cooperative. Provide staff assistance to the Board of Trustees and its committees. Participate as the cooperative’s representative in other meetings and forums which promote the best interests of the cooperative and its members.
Organizational Structure - periodically review all activities of the cooperative to determine the organizational structure best suited to carrying out the objectives, policies, and programs established by the Board. Periodically review procedures to determine that activities are being conducted in the most efficient and economical manner to achieve objectives. Appraise work-load requirements, and determine the need for the addition or elimination of positions, transfers or assignments, and make such changes within the limitations of the approved administrative budget.
Personnel Administration - direct the preparation of, and approve, written position descriptions for all employees. Provide a system wherein cooperative employees will receive an annual appraisal by supervisors. Develop a systematic wage and salary plan for consideration and approval by the Board of Trustees. Determine all salary adjustments, except that of the CEO, within the approved wage and salary plan and the approved administrative budget. Develop and recommend for Board approval a policy establishing a comprehensive benefits program for employees, and execute such programs within Board policy. Establish position standards and qualifications for use in the recruitment, transfer, and promotion of personnel. Select, appoint, transfer, promote, and discharge employees of the cooperative.
System Operations - direct the day-to-day operations and maintenance of the system in accordance with the approved annual work plan and operating budget. Develop and administer programs designed to assure the safety of the public, employees, and cooperative property.
CENTRAL ELECTRIC COOPERATIVE
Central’s service territory covers approximately 2,000-square-miles with an average of 4.93 customers per mile of line, and an Average Service Availability Index (ASAI) of 99.93.
The service area is divided into eight Districts. A Trustee is elected by the consumer/members in each District to serve a three-year term on the cooperative’s governing Board. Recent changes limit Trustees’ tenure on the Board to 12 years. As a result, Central expects the full Board to turn-over in the next five years.
A common thread throughout Central’s history has been innovation. Over the past ten years, Central has implemented a communications network that includes fiber to all of 22 substations and a wireless network that enables smart grid communications throughout the distribution system. In addition, Central partnered with an internet provider in order to offer members high-speed internet service, and has invested in several other leading edge utility technologies.
Central’s total assets are approximately $165 million. The utility’s equity is estimated at 41% and their TIER and Debt Service Coverage Ratios are 3.28 and 3.46 respectively. The utility offers the lowest residential electric rates of all distribution cooperatives in the State of Oklahoma, well below the national average.
Central is a member of KAMO Power, a generation and transmission cooperative that provides wholesale power supply and transmission services.
More information on Central Electric Cooperative can be found at: http://mycentral.coop/.
Central serves parts of Noble, Garfield, Lincoln, Logan, Oklahoma, Pawnee, and Payne counties. The Cooperative’s new Leed Gold Certified headquarters is located in Stillwater; situated approximately 60 miles from both Oklahoma City and Tulsa. Southern Living ranked Stillwater sixth on its list for "The South's Friendliest Cities 2018."
There are close to 50,000 residents in Stillwater. The city is home to Oklahoma State University and also boasts a diverse mix of business and industry including aerospace, agribusiness, biotechnology, manufacturing, publishing and software. Residents enjoy a historic downtown consisting of numerous shopping and dining opportunities, as well as, many outdoor recreational activities.
The overall cost-of-living in Stillwater is estimated at 90.1% of the national average and the median home price is estimated at $169,300.
More information can be found at: https://www.visitstillwater.org/ http://www.stillwater.org/
THE SUCCESSFUL CANDIDATE
The ideal candidate will build upon Central’s current record of safety, reliability and value and be an industry visionary with an impressive track record of leading meaningful and effective change.
Qualified candidates must exhibit exceptional leadership skills and be strategic thinkers. The successful candidate must demonstrate progressively responsible experience in a utility setting which includes serving successfully in a senior management role, ideally in an electric cooperative setting.
Beyond the technical aspects of utility operation, the successful candidate must offer experience managing a large, diverse workforce. The successful candidate must possess a proven track record of empowering, mentoring, and developing employees, while also promoting a culture of accountability.
The CEO is expected to work as part of a team in an innovative, open and participatory environment. He or she must also possess a successful track record of proactive and collaborative communication with Board members, community leaders, representatives of other agencies, industry peers, and the public.
Candidates must possess a strong customer service mentality, along with unquestionable ethics and integrity. Central also seeks candidates who are fiscally knowledgeable and able to establish, execute, and achieve the utilities’ annual budget and key financial goals.
A Bachelor's degree and/or advanced degrees are strongly desired.
RECRUITMENT AND SELECTION TIMELINE
Candidate resumes must be submitted to Mycoff, Fry & Prouse no later than April 5, 2019.
Mycoff, Fry & Prouse will present resumes to Central’s Board of Trustees by April 12, 2019.
Candidates to be interviewed will be identified by Central’s Board of Trustees by April 16, 2019.
Mycoff, Fry & Prouse and Central’s Board of Trustees will interview candidates on May 6 and 7, 2019.
Negotiations with the selected finalist will ideally be completed in time for the new CEO to participate in Central’s Annual Meeting on May 23, 2019.
Interested candidates should submit a cover letter and resume no later than April 5, 2019 to:
firstname.lastname@example.org Patrick Prouse Mycoff Fry Prouse LLC PO Box 1310 Conifer, CO 80443 (800) 525-9082
Central is an Equal Opportunity Employer. Minorities, females, veterans and individuals with disabilities are encouraged to apply.