TRC Companies, Inc. (NYSE: TRR) today announced that Dennis E. Welch, 58, Executive Vice President of American Electric Power Company (AEP), has been appointed to the Board of Directors. AEP is one of the largest electric utilities in the United States. Mr. Welch is the director designated by the holders of the Company’s Series A Convertible Preferred Stock and is TRC’s seventh independent director. His addition expands the Company’s Board to eight members.
Welch leads AEP’s environmental compliance and public policy, health and safety, real estate and work place services activities. He has worked extensively with leadership at the U.S. Environmental Protection Agency and various states agencies, as well as in collaboration with many national environmental groups, on shaping energy and environmental policies to benefit future generations.
“We are pleased to welcome Dennis to the TRC Board,” said Chairman and Chief Executive Officer Chris Vincze. “His wealth of experience in the energy business, combined with his expertise on a broad range of environmental and sustainability issues, make him an invaluable addition to our Board. The appointment of Dennis enhances our strategy to expand our energy and environmental services and our commitment to health and safety at the highest level. We look forward to his guidance as TRC moves forward in contributing sound solutions to the emerging issues facing the domestic energy industry.”
“I am proud to join TRC’s Board of Directors,” said Mr. Welch. “I look forward to contributing to the Company’s efforts to generate sustainable, profitable growth and secure its position as a leading service provider in the markets it serves.”Prior to joining AEP, Welch spent 22 years at Northeast Utilities (NU) where he held the position of Vice President of Environment, Safety & Ethics before being named President and Chief Operating Officer of NU’s Yankee Gas Services Company and Yankee Energy System subsidiaries. Prior to NU, he was at Stone and Webster Engineering Corp. for 13 years. He currently holds several other board positions, including leadership roles, at organizations including: the National Urban League, American Coalition for Clean Coal Energy, Center for Energy and Economic Development, the World Business Council for Sustainable Development, e8 and the AEP Foundation. He also serves on the AEP Subsidiary Company boards.