Denis Cortese - Pinnacle West Independent Director

PNW Stock  USD 94.52  0.72  0.77%   

Director

Dr. Denis A. Cortese M.D. is Independent Director of the Company. Dr. Cortese is the Director of the ASU Health Care Delivery and Policy Program and a Foundation Professor in the Department of Biomedical Informatics, Ira A. Fulton School of Engineering and in the School of Health Management and Policy, W.P. Carey School of Business. He has held these positions since February 2010. Dr. Cortese was Emeritus President and Chief Executive Officer of the Mayo Clinic since November 2009, and was President and Chief Executive Officer of the Mayo Clinic from March 2003 until his retirement in November 2009. Dr. Cortese is also a director of Cerner Corporationrationration. since 2010.
Age 75
Tenure 14 years
Professional MarksPh.D
Address 400 North Fifth Street, Phoenix, AZ, United States, 85072-3999
Phone602 250 1000
Webhttps://www.pinnaclewest.com
Cortese is also a director of Cerner Corporationrationrationration. As former President and Chief Executive Officer of the Mayo Clinic, Dr. Cortese has extensive experience in leading complex organizations with multiple constituencies and has led an organization that delivers strong and efficient customer service, which parallels the Company strategies. Further, his background in public policy development, science and technology brings valuable perspective to issues that face the Company.

Pinnacle West Management Efficiency

The company has Return on Asset of 0.0258 % which means that on every $100 spent on assets, it made $0.0258 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0958 %, implying that it generated $0.0958 on every 100 dollars invested. Pinnacle West's management efficiency ratios could be used to measure how well Pinnacle West manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to climb to 0.03 in 2024. Return On Capital Employed is likely to climb to 0.07 in 2024. At this time, Pinnacle West's Other Current Assets are fairly stable compared to the past year. Other Assets is likely to climb to about 4 B in 2024, whereas Non Current Assets Total are likely to drop slightly above 12.9 B in 2024.
Pinnacle West Capital has 10.3 B in debt with debt to equity (D/E) ratio of 1.35, which is OK given its current industry classification. Pinnacle West Capital has a current ratio of 0.96, 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 Pinnacle to invest in growth at high rates of return.

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Pinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, provides retail and wholesale electric services primarily in the state of Arizona. Pinnacle West Capital Corporation was incorporated in 1985 and is headquartered in Phoenix, Arizona. Pinnacle West operates under UtilitiesRegulated Electric classification in the United States and is traded on New York Stock Exchange. It employs 5872 people. Pinnacle West Capital (PNW) is traded on New York Stock Exchange in USA. It is located in 400 North Fifth Street, Phoenix, AZ, United States, 85072-3999 and employs 6,133 people. Pinnacle West is listed under Electric Utilities category by Fama And French industry classification.

Management Performance

Pinnacle West Capital Leadership Team

Elected by the shareholders, the Pinnacle West's board of directors comprises two types of representatives: Pinnacle West inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Pinnacle. The board's role is to monitor Pinnacle West's management team and ensure that shareholders' interests are well served. Pinnacle West'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, Pinnacle West's outside directors are responsible for providing unbiased perspectives on the board's policies.
Richard Fox, Independent Director
Robert Smith, Executive Vice President, General Counsel, Chief Development Officer
Glynis Bryan, Independent Director
Daniel Froetscher, Senior Vice President - Transmission, Distribution & Customers
Elizabeth Blankenship, Chief Accounting Officer, Vice President Controller of Pinnacle West and APS
Amanda Ho, Director Relations
Robert Bement, Executive Vice President and Special Advisor to the Chief Executive Officer of APS
Humberto Lopez, Independent Director
Donna Easterly, Senior Vice President - Human Resources of APS
John Cadogan, Palo Ops
Jacob Tetlow, Executive Company
Gonzalo Melena, Independent Director
William Spence, Independent Director
David Wagener, Independent Director
Rufad Omanovic, Manager Finance
Cary Harbor, Senior Company
Diane Wood, Assistant Sec
Theodore Geisler, Chief Financial Officer, Senior Vice President of the Company and APS
Todd Horton, SVP APS
James Hatfield, CFO, Executive VP, CFO of Arizona Public Service Company and Executive VP of Arizona Public Service Company
Bruce Nordstrom, Independent Director
Maria Lacal, Executive Vice President and Chief Nuclear Officer, PVGS, of APS
Adam Heflin, EVP Company
Dale Klein, Independent Director
Kathryn Munro, Lead Independent Director
James Trevathan, Independent Director
Paul Mountain, IR Contact Officer
Andrew Cooper, Vice President Treasurer of the Company and APS
Denis Cortese, Independent Director
Jeffrey Guldner, Executive Vice President - Public Policy of Pinnacle West, President - APS
Barbara Lockwood, Senior Vice President - Public Policy of APS
Paula Sims, Independent Director

Pinnacle Stock Performance Indicators

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