Dayton Power & Light CEO to resign


Dayton Power & Light’s president and CEO Craig Jackson is resigning from the power company, company officials said Thursday.

Jackson “has resigned to spend more time with his family and begin exploring new career opportunities,” a company statement said. 

Jackson will leave the company Dec. 31, 2018. 

The company has begun a search for Jackson’s successor. 

“My thanks go out to Craig for his unwavering commitment to delivering value and superior service to our customers,” Lisa Krueger, AES U.S. Strategic Business Unit president, said in the company’s announcement. “As a result of Craig’s leadership, we refocused our business strategy in DP&L and exited the generation business in Ohio. 

 “At IPL, we’ve invested over $2 billion in ‘greening’ our generation portfolio and providing reliable and affordable energy to IPL customers,” the statement added. 

 Jackson joined AES as part of the DPL acquisition in 2011. Over the last seven years, Jackson has held numerous leadership positions prior to his current role as IPL and DP&L president and CEO, including DP&L chief financial officer. 

 “I am proud of all the accomplishments we’ve made together at AES over the past seven years,” Jackson said in the same statement. “It’s been an honor to serve the people of Indianapolis and Dayton and the surrounding communities by providing reliable and affordable energy.” 

Jackson became DP&L CEO in February this year in another sudden leadership change. 

At the time, DP&L announced a corporate restructuring in which AES Corp. cut 60 Ohio jobs and 100 jobs in Indiana. 

Tom Raga, Jackson's immediate predecessor, became executive vice president of DPL Inc. in that leadership shift.

Jackson was not available for comment Thursday, said Mary Ann Kabel, a DP&L spokeswoman. 

Kabel said the resignation had nothing to do with business conditions or behind-the-scene activity at the utility. 

"This was a choice that Craig made, and we respect that choice," Kabel said. 

Asked why the company has seen a change at the CEO position twice in less than a year, she said customers should be assured that DP&L leadership remains stable. 

"We should feel very comfortable about the future," she said. 

"We're going to start our search," she added. "We're going to look internal and external to the company."

DP&L owner AES, based in Arlington, Va., bought DP&L in 2011.

DP&L supplies power to 515,000 customers in 24 counties throughout west central Ohio.



Reader Comments


Next Up in Business

Trump nominates new commander of Air Force Materiel Command
Trump nominates new commander of Air Force Materiel Command

President Donald Trump has nominated Lt. Gen. Arnold Bunch Jr. to become commander of the Air Force Materiel Command at Wright-Patterson Air Force Base. Bunch currently serves as military deputy at the Office of the Assistant Secretary of the Air Force for Acquisition at the Pentagon. The nomination must be confirmed by the Senate. If confirmed, Bunch...
JUST IN: Miami Valley Hospital names new president
JUST IN: Miami Valley Hospital names new president

The largest hospital in the Dayton area has named a new president. Mike Uhl, president of Atrium Medical Center in Middletown, will become president of Miami Valley Hospital, effective Jan. 1, according to Premier Health, parent of both hospitals. MORE: $60M hospital project part of health care construction surge He assumes the role from Mike Maiberger...
Dayton VA director says hospital to focus on new jobs, programs in 2019
Dayton VA director says hospital to focus on new jobs, programs in 2019

Dayton VA Medical Center Director Jill Dietrich told the Dayton Daily News that she’s focused on growing new programs, adding jobs and “continuing to provide excellent care” in 2019. Dietrich, who manages 2,300 employees and a $435 million budget, has oversight of the sprawling hospital campus in Dayton and four clinics in in Richmond...
Dayton tech firm lands key Chinese acquisition
Dayton tech firm lands key Chinese acquisition

Dayton-based digital display and signage company Stratacache has acquired a Chinese manufacturer. The company Wednesday announced the acquisition of “all-in-one intelligent tablet and computing device manufacturing company” based in Ningbo, China, a company formerly known as Popscreens — now called Scala China. “The re-branding...
Honda applies to build $37.5 million expansion
Honda applies to build $37.5 million expansion

Honda appears to be gearing up for a big expansion at its Anna engine plant. The automaker has recently applied to Shelby County for a new building construction permit valued at $33 million. The Honda of America and Devon Industrial Group application — filed near the end of November — seeks permission to build a 119,063-square-foot building...
More Stories