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Allegheny hires new executive

October 10, 2003|by JULIE E. GREENE

Allegheny Energy Inc. has hired another new executive.

Thomas R. Gardner was named vice president, controller and chief accounting officer effective Oct. 13, according to a company statement.

Gardner replaces Ronald K. Clark, who served as controller and vice president since June 2002. Clark will remain with the company during the transition.

Gardner was a partner with the audit and consulting firm of Deloitte and, since February, was part of the Deloitte team that helped Allegheny with its comprehensive financial review, according to the company statement.

The financially-troubled energy utility has overhauled its management team in recent months, including hiring a new chairman, president and chief executive officer, Paul J. Evanson.

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The company is revamping its accounting department and consolidating its finance and accounting department by relocating accounting and finance jobs at the corporate headquarters southwest of Hagerstown to Greensburg, Pa.

The utility released its 2002 annual report last month. The report, which showed a $632.7 million annual loss, was delayed nearly eight months because of accounting errors.

With Deloitte, Gardner worked on finance transformation, business strategy, cost control and technology management, according to the company statement. The release does not state whether Gardner still is working for Deloitte.

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