Evergy’s President and CEO to retire this year


The President, CEO and director Evergy, Inc. based in Kansas City, Terry Bassham announced he intends to retire this year.

He informed the board of his decision and plans to serve until his successor is named.

The Board has formed a search committee to complete the company’s CEO succession process. The committee will review both internal and external candidates and expects to conclude its work by year end.

“Since closing the merger that created Evergy more than two years ago, we have exceeded our merger goals, creating more than $300 million in cost savings to benefit our customers and shareholders,” commented Bassham. “Now, with the creation and launch of our five-year Sustainability Transformation Plan, Evergy is well-positioned for its next chapter. As we embark on this new high-performance plan, I believe this is the right time for Evergy to transition to a new CEO who has the career runway to see the plan through from the start.”

Bassham, who turned 60 earlier this month, has served as President, Chief Executive Officer and Director of Evergy since its formation in 2018 through the combination of Great Plains Energy and Westar. Prior to that he served as the Chairman of the Board and CEO of Great Plains Energy since 2012.

Source: BusinessWire