Alan Fohrer - PNM Old Independent Director

PNMDelisted Stock  USD 43.25  0.21  0.48%   

Director

Mr. Alan J. Fohrer is a Independent Director of the Company. He is a resident of Arcadia, California. On December 31, 2010, he retired as Chairman and CEO of Southern California Edison, a subsidiary of Edison International and one of the largest public electric utilities in the United States, having served as CEO since 2002 and as CEO and chairman since 2007. Mr. Fohrer played an important role in leading SCE following the California energy crisis and worked with regulators to establish a credible framework for energy markets in California. During this period, SCE was a leader in both renewable energy purchases and energy efficiency. He previously served as President and CEO of Edison Mission Energy, a subsidiary of Edison that owned and operated independent power facilities. He also previously served as EVP and CFO of both Edison and SCE. Mr. Fohrer is currently a director of TransAlta, Inc., a NYSE listed company and Canadas largest investorowned power producer and wholesale marketer of electricity, and is a member of its audit and risk committee and human resources committee. Mr. Fohrer also sits on the board of directors of Blue Shield California, nonprofit health insurance provider. Over the past ten years, Mr. Fohrer represented the electric utility industry in significant regulatory and legislative proceedings. He cochaired EEIs energy delivery and reliability committees and also served on the boards of directors of the Institute of Nuclear Power Operations and the California Chamber of Commerce since 2012.
Age 70
Tenure 13 years
Phone505 241 2700
Webhttps://www.pnmresources.com
Fohrer previously served as a director of Duratek, Inc., a publicly held nuclear services company, prior to its acquisition by Energy Solutions; Osmose Utility Services, Inc., a privately held company that provides maintenance and rehabilitation services and products to electric and telecommunications utilities; MWH Global Inc., a privately held global engineering and construction company focused on water and waste projects; and Synagro, Inc., a privately held waste management co.

PNM Old Management Efficiency

The company has Return on Asset of 0.014 % which means that on every $100 spent on assets, it made $0.014 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0413 %, implying that it generated $0.0413 on every 100 dollars invested. PNM Old's management efficiency ratios could be used to measure how well PNM Old manages its routine affairs as well as how well it operates its assets and liabilities.
PNM Old has 4.96 B in debt with debt to equity (D/E) ratio of 1.91, which is OK given its current industry classification. PNM Old has a current ratio of 0.4, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for PNM to invest in growth at high rates of return.

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PNM Resources, Inc., through its subsidiaries, provides electricity and electric services in the United States. PNM Resources, Inc. was incorporated in 1882 and is headquartered in Albuquerque, New Mexico. PNM Resources operates under UtilitiesRegulated Electric classification in the United States and is traded on New York Stock Exchange. It employs 1646 people. PNM Old (PNM) is traded on NASDAQ Exchange in USA and employs 1,635 people.

Management Performance

PNM Old Leadership Team

Elected by the shareholders, the PNM Old's board of directors comprises two types of representatives: PNM Old inside directors who are chosen from within the company, and outside directors, selected externally and held independent of PNM. The board's role is to monitor PNM Old's management team and ensure that shareholders' interests are well served. PNM Old's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, PNM Old's outside directors are responsible for providing unbiased perspectives on the board's policies.
Sabrina Greinel, VP Treasurer
Bruce Wilkinson, Lead Independent Director
Vicky Bailey, Independent Director
Lisa Goodman, Executive Relations
Gerald Bischoff, Vice Controller
E Conley, Independent Director
Charles Eldred, Executive Vice President - Corporate Development and Finance
James Hughes, Independent Director
Alan Fohrer, Independent Director
Patricia Collawn, Chairman of the Board, President, Chief Executive Officer
Norman Becker, Lead Independent Director
Joseph Tarry, Principal Accounting Officer, Vice President Corporate Controller
Ronald Darnell, Senior Vice President - Public Policy
Elisabeth Eden, Senior CFO
Patrick Apodaca, Senior Vice President, General Counsel, Secretary
Chris Olson, Senior Vice President - Utility Operations
Sheila Mendez, VP Officer
Maureen Mullarkey, Independent Director
SIDNEY GUTIERREZ, Independent Director
Henry Monroy, Vice President Controller
Donald Schwanz, Independent Director
Michael Mertz, VP Officer
Patricia VincentCollawn, Chairman CEO
Rebecca Teague, Vice Resources

PNM Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is PNM Old a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Other Consideration for investing in PNM Stock

If you are still planning to invest in PNM Old check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the PNM Old's history and understand the potential risks before investing.
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