The 17 electric distribution cooperatives that serve more than 500,000 customers in Arkansas and surrounding states own Arkansas Electric Cooperative Corporation (AECC) and Arkansas Electric Cooperatives, Inc. (AECI), known collectively as the Electric Cooperatives of Arkansas. AECC is a statewide wholesale supplier of electricity contracted through 2042 to be the all-requirements provider to the state’s 17 distribution cooperatives. AECI is the statewide association for the 17 distribution cooperatives. AECC has 330 employees. AECC is the highest rated G&T in the country.
AECI is the nation’s largest statewide electric cooperative service organization, with assets of more than $363 million and more than $679 million in annual revenue, including two subsidiaries. AECI provides equipment sales, warehouse management, line and substation construction, right-of-way clearing and high-voltage testing for Arkansas and surrounding states; Arkansas Living magazine with statewide circulation of 400,000; and government relations, lobbying, safety training, public relations and director training, all funded by profits from operations in lieu of dues from the member cooperatives. AECI has approximately 350 employees.
President & Chief Executive Officer
The President & CEO leads AECC and AECI. Reporting to the two respective Boards of Directors, the President & CEO is responsible for directing the affairs and the employees of AECC and AECI and ensuring all policies, orders, and resolutions of the Boards of Directors are carried into effect.
Candidates for President & CEO ideally will have a Bachelor’s degree in business, economics, engineering, finance, or other related fields of study. Advanced degrees in similar curricula is beneficial. The most desirable candidates will have experience that includes diverse and progressively responsible supervisory and management assignments culminating in executive leadership in an electric utility of comparable size and complexity. Industry expertise should include knowledge of electric generation and transmission, wholesale power supply, a proven track record of maintaining financial integrity, strategic planning and specifically planning future resources, and experience working in the footprint of an independent system operator or regional transmission organization. Experience at the generation and transmission cooperative level, as well as the distribution cooperative level, would be a significant added benefit.