Richard K. Atkinson has been named
vice president and chief financial officer
of Sierra Pacific Resources, the company
said last week.
Atkinson, previously vice president,
treasurer and investor relations officer of
Sierra Pacific Resources, succeeds Dennis
Schiffel as CFO, said Walter M.
Higgins, chairman, president and chief
executive officer of Reno-based Sierra
Pacific Resources.
Atkinson, who reports directly to
Higgins, is now responsible for all financial,
accounting and risk management
activities of the corporation.
The operating subsidiaries of Sierra
Pacific Resources include Sierra Pacific
Power in northern Nevada and Nevada
Power Co. in the Las Vegas region.
Atkinson joined the company in 1980
and has held management positions in
financial planning/forecasting,
financial/economic analysis and treasury
operations. He was named assistant
treasurer in 1996, treasurer and investor
relations officer in 2000, and vice president
in 2002.
Schiffel joined Sierra Pacific
Resources in July 2001 after a 20-year
career with Atlantic Richfield Company.
He said he left to pursue other interests.
"I believe the company is on the road
to financial recovery," he said.
Sierra Pacific Resources has struggled
since the state's utility regulators said the
company couldn't pass along to its customers
all of the sharply higher costs it
paid for power in 2001.
Atkinson, whose offices are currently
in Reno, will be relocating to Sierra
Pacific Resources' offices in Las Vegas.
