ERCOT Board Selection Committee Announces New Board Members

(Austin, TX) – The Electric Reliability Council of Texas Inc. (ERCOT) Board Selection Committee announced the selection of two new members, Christopher A. Krummel of Houston and Kathleen S. McAllister of Austin, to serve on the Board of Directors. Krummel and McAllister will join ERCOT effective today, September 3.

ERCOT is governed by a 12-member Board of Directors and is subject to oversight by the Public Utility Commission of Texas and the Texas Legislature. All ERCOT Board members are Texas residents.

"On behalf of our current members, I welcome Christopher and Kathleen to the Board,” said ERCOT Board Chair Bill Flores. “Their background, knowledge, and expertise will continue to support ERCOT’s strategic objectives of maintaining a dynamic, reliable, and resilient electric grid to serve 27 million hardworking Texas families and businesses. We look forward to having Christopher and Kathleen serve as fellow Directors; their membership brings the Board up to its full complement of 12 persons,” added Flores.

About Christopher A. Krummel
Christopher A. Krummel brings more than 30 years of financial executive experience in the energy and construction industries. Krummel currently serves as a founding partner of Krummel, Ellis & Weekley Advisory LLC (KEW), where he provides sell-side transaction advisory services to energy-focused clients. Prior to founding KEW, he served as Executive Vice President and Chief Financial Officer of McDermott International Inc. and Vice President of Finance and Chief Accounting Officer of McDermott. Previously, Krummel served as Chief Financial Officer for EnTrans International and as Vice President of Finance, Controller, and Chief Accounting Officer for Cameron International Corporation. Currently, Krummel serves on the board of directors for Centuri Holdings and privately held CRTS Global. He is active in the community, serving as a member of the board of directors of Rebuilding Together Houston.

Krummel received a Bachelor of Science in Business Administration in Accounting from Creighton University and a Master of Business Administration from The Wharton School of the University of Pennsylvania.

About Kathleen S. McAllister
Kathleen S. McAllister is a seasoned public company Board Director, Audit Committee Chair, and qualified financial expert with experience in corporate governance stemming from more than 15 years of service as a CEO, CFO, and Board Director. McAllister has held diverse leadership roles in global, capital-intensive companies in the energy value chain and currently serves as an independent director for Black Hills Corporation and Höegh LNG Partners LP. Prior to this, she served on the board of Silverbow Resources, The Metals Company, and Maersk Drilling, and held roles of President and CEO, CFO, and Board Director for Transocean Partners LLC.

McAllister received a Bachelor of Science in Accounting from the University of Houston, is a Certified Public Accountant, and a National Association of Corporate Directors (NACD) Board Leadership Fellow.

About the ERCOT Board Selection Committee
Since Senate Bill 2 (SB2) of the 87th Session of the Texas Legislature, the Public Utility Regulatory Act (PURA) has provided for the ERCOT Board Selection Committee to be composed of: one member appointed by the governor, one member appointed by the lieutenant governor, and one member appointed by the speaker of the House of Representatives. All Selection Committee members must reside in Texas. With the assistance of a retained outside consulting firm, the Selection Committee selects eight members of the ERCOT Board of Directors. The Selection Committee selects members with executive-level experience in finance, business, engineering, trading, risk management, law, or electric market design.

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