ALLENTOWN, Pa., Dec. 1 /PRNewswire-FirstCall/ -- PPL Corporation (NYSE: PPL)
announced Tuesday (12/1) that a retired executive with more than three decades
of financial services experience has been named to the company's board of
directors.
Natica von Althann, who most recently served as the senior credit risk
management executive for U.S. Trust/Bank of America, joins the PPL board
effective today. Prior to her role at U.S. Trust, von Althann spent 26 years
at Citigroup, where she eventually became managing director in the office of
the chief financial officer.
"We are very pleased to welcome Natica von Althann to the already strong PPL
board of directors," said James H. Miller, PPL chairman, president and chief
executive officer. "Her extraordinary experience in financing, strategic
planning and risk management will bring valuable additional insight to the
board."
A native of Cuba, von Althann immigrated to the United States with the advent
of the Castro regime. She earned a bachelor's degree in political science from
Bryn Mawr College and also completed master's-level work in Iberian and Latin
American history at the University of Cologne, Germany.
After joining Citibank in New York in 1976 as part of the company's management
training program, she was named to a vice president position in 1980.
Following vice presidential posts in the Leveraged Capital and High Yield
Finance groups, she was named managing director of Citibank's U.S.
Telecommunications-Technology group in 1992.
She also served as managing director and global industry head of the retail
and apparel group before being named division executive and market region head
for Latin America in the private banking group, with responsibility for more
than $20 billion in client assets. She served as managing director of the
office of the chief financial officer before leaving Citigroup.
In 2003, von Althann joined U.S. Trust as chief credit officer. She served in
that role until 2007 when U.S. Trust was acquired by Bank of America, at which
time she was appointed as senior credit risk management executive of Bank of
America and served in that role until she retired in June 2008.
Currently a resident of New York City, von Althann is a member of the board of
directors of TD Bank. She also serves on the board of the YWCA of the City of
New York and Neighbors Link of Mount Kisco, New York.
Her appointment brings the total PPL board membership to 11, 10 of whom are
independent, outside directors. She will be in the class of directors whose
terms expire in 2011.
PPL Corporation, headquartered in Allentown, Pa., owns or controls nearly
12,000 megawatts of generating capacity in the United States, sells energy in
key U.S. markets and delivers electricity to about 4 million customers in
Pennsylvania and the United Kingdom. More information is available at
www.pplweb.com.
SOURCE PPL Corporation
Dan McCarthy of PPL Corporation, +1-610-774-5758
