Electric utility Idacorp ( IDA) said J. LaMont Keen will take over as chief executive, replacing Jan B. Packwood, who will retire on July 1.

Keen is currently the company's executive vice president and also president and chief executive of its core electric utility business, Idaho Power.

Packwood has been chief executive of the company since June 1999, the company said. The company's stock closed at $32.63, up 16 cents, on Thursday.

This story was created through a joint venture between TheStreet.com and IRIS.

More from Stocks

Dow, S&P 500 and Nasdaq Tumble After Trump Calls Off North Korea Summit

Dow, S&P 500 and Nasdaq Tumble After Trump Calls Off North Korea Summit

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Canopy Growth: First Cannabis Firm on the NYSE Fails to Generate Buzz

Canopy Growth: First Cannabis Firm on the NYSE Fails to Generate Buzz

PayPal Wants to Consolidate the World of Rewards Points

PayPal Wants to Consolidate the World of Rewards Points

Rising Oil Prices Will Be a Wash for U.S. Economy, JPMorgan Says

Rising Oil Prices Will Be a Wash for U.S. Economy, JPMorgan Says