All Energy & Utilities articles – Page 8
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ArticleAuditor change: GE dumps KPMG for Deloitte
General Electric announced the appointment of Deloitte as its new independent auditor for fiscal year 2021, ending a relationship with KPMG that dates back to 1909.
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Weatherford parts with compliance chief
Multinational oil and gas company Weatherford International announced the departure of Christina Ibrahim as executive vice president, general counsel, chief compliance officer and corporate secretary.
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ON Semiconductor brings back former chief accounting officer
ON Semiconductor announced the appointment of Bernard Colpitts Jr. as chief accounting officer. Colpitts returns to the manufacturer after departing in late 2019 to serve as chief accounting officer at GameStop.
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FirstEnergy announces general counsel succession
Electric services company FirstEnergy Corp. recently announced a series of management changes, including the appointment of Ebony Yeboah-Amankwah to serve as vice president, general counsel and chief ethics officer.
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ArticleSanctions guidance: Best practices for maritime, energy, metals sectors
A global advisory to alert the maritime, energy, and metals sectors about common deceptive shipping practices used to evade sanctions includes seven sanctions compliance best practices to mitigate risk.
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ArticleHow some companies are hedging supply chain risk during pandemic
As financial hardships caused by the coronavirus pandemic take their toll, some forward-thinking companies have made changes to the benefit of suppliers, serving as leaders for others in their industry.
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ArticleTwo former Penn West execs settle accounting fraud charges with SEC
The former CFO and former VP of accounting and reporting at Penn West Petroleum have settled SEC charges for their role in an accounting fraud scheme that spanned several years.
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Old Ironsides to pay $1M for compliance failures
Old Ironsides Energy will pay a $1 million penalty to settle SEC charges for failing to implement its own compliance policies and procedures regarding the distribution of misleading marketing materials.
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Delek US names new general counsel amid shakeup
Delek US Holdings, a diversified downstream energy company, announced the appointment of Abby Yates as EVP, general counsel and corporate secretary among a handful of recent leadership changes.
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Sempra Energy compliance chief resigns
Sempra Energy announced the resignation of President and Chief Legal Officer George Bilicic with “good reason.” Bilicic was also the company’s chief compliance officer.
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Exelon appoints compliance and audit EVP
Electric power company Exelon announced it has named David Glockner as its new executive vice president of compliance and audit.
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ArticleJohn Wood Group reserves $46M to resolve bribery investigations
John Wood Group said in a regulatory filing it has reserved $46 million in a potential settlement with authorities in the United States, Brazil, and Scotland related to a bribery investigation concerning ties to Monaco-based oil services firm Unaoil.
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Xcel Energy names new compliance, risk chief amid shuffle
Electric services firm Xcel Energy named Karen Hyde senior vice president, chief risk, audit and compliance officer amid a series of recent changes in leadership.
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ArticleTreasury sanctions Rosneft subsidiary for Venezuelan ties
The Department of the Treasury’s Office of Foreign Assets Control has sanctioned a subsidiary of Russian state-run oil company Rosneft for operating in the oil sector of the Venezuelan economy.
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Targray appoints general counsel
Canadian multinational materials distributor Targray announced the appointment of Annie Galarneau as its general counsel.
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ArticleWill ExxonMobil’s victory in sanctions case mean more pushback?
ExxonMobil’s victory in a sanctions case before a federal court just might empower others in the regulated community to challenge the imposition of fines for alleged violations of sanctions regulations.
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Motiva adds general counsel
Motiva Enterprises, an oil and energy firm, announced the appointment of Amy Marlyse Plato as executive vice president, general counsel. Plato’s responsibilities include serving as corporate secretary and business compliance officer.
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Eaton appoints general counsel
Power management company Eaton announced April Miller Boise has been appointed executive vice president and general counsel.
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ArticleExxon wins legal battle with OFAC over sanctions violation
A federal judge ruled this week Exxon will not have to pay a $2 million civil penalty levied by OFAC in 2017 for violating Ukraine-related sanctions regulations.
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EBRD debars GE Power Sweden for record six years in corruption case
The European Bank for Reconstruction and Development has imposed a record six-year term of debarment on GE Power Sweden concerning a long-running corruption scheme at 2015 acquisition Alstom Power Sweden.