SOURCE: Sempra Energy

Sempra Energy

September 28, 2010 17:00 ET

Sempra Energy Names Luis Tellez to Corporate Board of Directors

SAN DIEGO, CA--(Marketwire - September 28, 2010) - Sempra Energy (NYSE: SRE) today announced that Luis Téllez has been re-elected to join the company's board of directors.

Téllez, who currently serves as chairman of the board and chief executive officer of the Mexican Stock Exchange, has broad experience in public service in Mexico, having served in several cabinet positions in the administrations of President Felipe Calderon and former President Ernesto Zedillo.

Téllez previously was a member of Sempra Energy's board of directors during 2006, before he was appointed by President Calderon to serve as Mexico's Secretary of Communications and Transportation, a post he held until last year. 

"We are pleased to have Luis Téllez serve again on our board of directors," said Donald E. Felsinger, chairman and chief executive officer of Sempra Energy. "Mr. Téllez has a distinguished career in both the public and private sectors in Mexico, with extensive experience in finance and energy."

As a government official, Téllez was a key player in crucial policy decisions to improve the structure of the Mexican economy, agriculture, infrastructure and energy.

Prior to 2006, Téllez was a managing director of The Carlyle Group investment firm. From 2001 to 2003, he served as an executive vice president of DESC, S.A. de C.V., one of Mexico's largest industrial companies.

As Mexico's Secretary of Energy from 1997 to 2000, Téllez designed and implemented an ambitious program to restructure the Mexican electricity sector, allowing broader private involvement in the generation, distribution and transmission of electricity. In 1998 and 1999, Téllez headed Mexico's oil diplomacy efforts and played a key role in restoring stability in international oil markets and oil prices. 

Téllez holds a bachelor's degree in economics from the Instituto Tecnológico Autónomo de México, summa cum laude, and a Ph.D. in economics from the Massachusetts Institute of Technology. He has served on the board of directors of FEMSA, Grupo Mexico, BBVA Bancomer, and Global Industries. Téllez is the Mexican associate of McLarty Associates and is a member of several nonprofit organizations including the Mexican Council of Foreign Affairs and Bioversity based in Rome. Téllez has been named "Global Leader of Tomorrow" by the World Economic Forum and "Leader for the New Millennium" by Time magazine.

Sempra Energy now has a total of 11 board members. Téllez will serve on the board's Compensation and Corporate Governance committees.

Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2009 revenues of more than $8 billion. The Sempra Energy companies' 13,800 employees serve about 29 million consumers worldwide.

Contact Information

  • Media Contact:
    Sabra Lattos
    Sempra Energy
    www.sempra.com
    (877) 340-8875

    Financial Contacts:
    Glen Donovan
    Sempra Energy
    (877) 736-7727