Debra Reed, chairman, president and CEO of the San Diego-based energy company and LNG operator Sempra Energy plans to retire on December 1, 2018.
Sempra Energy said in its statement that Reed, who served with the company for 40 years, will step down from her positions as CEO and president on May 1.
Current executive vice president and chief financial officer (CFO), Jeffrey Martin, has been elected to replace Reed as CEO, and he has also been named to the company’s board, effective May 1.
Replacing Reed as Sempra Energy’s president will be Joseph Householder, currently the corporate group president of infrastructure for Sempra Energy.
From May until her retirement in December, Reed will continue to serve as Sempra Energy’s executive chairman. She also serves on the boards of directors of Halliburton and Caterpillar.
Jeffrey Martin has served as Sempra Energy’s executive vice president and chief financial officer since January 2017 and has held a variety of responsible leadership positions after joining the company in 2004.
Before joining Sempra Energy, Martin was the chief financial officer of NewEnergy.
Householder has served as corporate group president of infrastructure businesses for Sempra Energy since January 2017, overseeing the company’s operations in midstream, LNG, renewable energy and Mexico. Previously, from 2011 to 2016, he was Sempra Energy’s executive vice president and chief financial officer. He joined Sempra Energy in 2001. Before joining the company he was a partner at PricewaterhouseCoopers in the firm’s national tax office.