Ambit Energy today named Jim Timmer as its new Chief Financial Officer. Mr. Timmer will also serve as a member of Ambit’s executive management team. Mr. Timmer is a seasoned executive with more than two decades of experience in senior finance and operational roles. Mr. Timmer has served as Chief Financial Officer of airBand Communications, Birch Telecom and Excel Communications, a $1.6 billion entity
While at Excel, Mr. Timmer also served as Interim Chief Operating Officer and was instrumental in formulating direct sale compensation plans. Prior to joining Excel, Mr. Timmer served as Vice President of Finance at Verizon, a $26 billion entity, where he held various leadership roles over a 20 year period.
“We are extremely pleased to have Jim join our management team. He has a strong reputation in the financial community and a rich understanding of the financial controls required in a fast growing organization,” said Jere Thompson, Jr., Ambit Energy’s Chief Executive Officer. “Jim provides us the financial expertise, systems knowledge and discipline Ambit needs as we go through this exciting period of rapid growth.”
About Ambit EnergyAmbit Energy, L.P. is a Retail Electric Provider (”REP”) based in Dallas, Texas. Ambit provides electricity services to residential customers in deregulated Texas markets. Ambit acquires customers through a network of independent consultants.
Read more about Ambit Energyhere.
Ambit Energy - Cost savings, more choice, new plants and new jobs all prove it
A little more than four years have passed since competition was introduced into the retail market for electricity. Although the process of opening electric markets to competition has faced challenges in some states, Texas has avoided the most serious of these kinds of problems. SB 7 was passed by the Texas Legislature in 1999. It authorized electric competition in the retail segment beginning on Jan. 1, 2002. Recently, my colleagues and I at The Perryman Group analyzed the economic benefits resulting from this transition. We found a lot of positives for the Lone Star State.
Ambit Energy Announces Jim McFelea as Senior Vice President, Operations
Ambit Energy today named Jim McFelea as its new Senior Vice President, Operations. He will join Ambit on November 1, 2006. Mr. McFelea will also serve as a member of Ambit’s executive management team.
Ambit Energy - Scott Lawrence Named Vice President, Field Development
Ambit Energy today named Scott Lawrence as its Vice President, Field Development. Mr. Lawrence will be responsible for the development, training and support of Ambit Energy’s independent sales organization
