Avista CEO Dennis Vermillion Announces Retirement

Leadership Transition - Avista Corp. CEO Dennis Vermillion will retire in the first quarter of 2025, transitioning his duties to Heather Rosentrater, who will become the first female CEO in the company's history effective January 1, 2025 [1][2][4] - Rosentrater has been with Avista since 1996, holding various leadership roles, and was appointed President and COO on October 1, 2023 [2][3] Succession Planning - Vermillion emphasized the importance of succession planning, stating that it has been carefully considered and planned over the years, ensuring a smooth transition for the company [2][4] - Rosentrater expressed her commitment to Avista's legacy and goals, focusing on clean energy and community support [3][4] Company Background - Avista Corp. is involved in the production, transmission, and distribution of energy, serving 418,000 electric customers and 382,000 natural gas customers across a service territory of 30,000 square miles [7] - The company has a population coverage of 1.7 million and operates a subsidiary in Alaska providing retail electric service [7]