PPL Corporation announced this Monday that Heather B. Redman will join its Board of Directors. Ms. Redman will serve as a member of the Audit and Finance committees. Her appointment becomes effective this Monday, October 11.
Firstly, Ms. Redman is co-founder and managing partner of Flying Fish Partners; a venture capital firm investing in early-stage artificial intelligence and also machine learning startups. It also manages energy-related applications.
Moreover, she has served in her current role at Flying Fish Partners since 2016. However, she has a long history of growing innovative companies. At Flying Fish, she is the lead in raising capital for the firm and is a member of the firm’s investment team.
In addition, from 2014 to 2017, she served as vice president of Business Operations for Indix Corporation, a big data artificial intelligence startup. From 2001 to 2014, she was principal and senior vice president of Summit Power Group. This is a leading development company of clean energy projects. It also develops utility-scale wind and solar projects while navigating complex and shifting regulatory and commercial environments.
Furthermore, prior to joining Summit Power Group, she served in executive leadership positions with Atom Entertainment, PhotoDisc, and Getty Images. This included serving as senior vice president and general counsel of Getty Images. As a result, Ms. Redman has extensive expertise in disruptive technologies and how to apply them to promising companies.
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PPL Corporation expanding energy transition projects
About such, independent Board Chair Craig A. Rogerson commented. “We’re thrilled to welcome Heather to PPL’s board. Heather’s expertise in disruptive technologies, industry transformation, energy development, and energy technology will be invaluable to PPL.”
The executive also remarked that her appointment is particularly relevant as PPL focuses on driving innovation, creating next-generation energy networks, and best positioning PPL Corporation for growth in the clean energy transition.
Indeed, the company has expanded substantially in the energy transition realm for the past year. Back in July, the company announced a partnership with Energy Impact Partners (EIP) to expand PPL’s efforts in advancing clean energy technologies. In fact, PPL committed $5 million to EIP’s platform.
Furthermore, back in late September, the company acquired an ownership interest in the innovative SOO Green Project; a first-of-its-kind underground HVDC transmission line that will send renewable energy to the MISO and also PJM regional markets.
Consequently, the appointment of Ms. Redman will further strengthen the company’s position to invest, acquire and manage funds for transitioning projects. Finally, after Ms. Redman’s appointment, PPL’s board comprises 10 directors, nine of whom are independent.
