Energy Co-Op Board Fires CEO
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowThe board of directors for Bloomfield-based Utilities District of Western Indiana has approved the termination of Brian Sparks as chief executive officer. The board says Sparks "did not fulfill management expectations" for the electric cooperative.
Sparks’ termination is effective immediately and the board says the search for a new CEO has begun. In a post on the UDWI website, the board says the decision came after an internal audit by Carmel-based accounting firm Blue & Co.
"The findings of the audit did not reveal any specific problems or incorrect information on our members’ accounts or bills," the co-op’s statement said. "Information from the audit pertaining to individual staff members will not be released based on UDWI employment policies."
Sparks had been placed on a paid leave of absence prior to his termination. A previous news release issued June 20 said Michael Chapman and Shane Smith will continue to serve as interim CEOs.
In that same news release, UDWI said a separate federal investigation is underway and the cooperative’s leadership continues to cooperate with investigators. No other details were released.