The lack of incentive pay might deter outside talent, but some employees say they've already got the right person in interim CEO Rudy Garza.
During his time as CPS Energy Interim CEO, Rudy Garza, left, shaking hands with City Manager Erik Walsh on Jan. 13, worked for an increase of CPS Energy's base rate.As CPS Energy readies to launch a nationwide search for a permanent CEO, its next chief executive officer may already be in place.
“You’re not gonna see a young up-and-comer who’s already making two or three times what he or she would make elsewhere [apply for the position],” said Ed Kelley, a former board member for the utility who headed its last CEO search. “Why would they come down here and do that?” With an electrical engineering degree from the University of Texas in hand, Garza began his career as an engineer with TXU, one of the oldest electric companies in Texas. During this time, Garza also earned a master’s degree in management from the University of Northern Texas. He then moved into government affairs and climbed to head TXU’s office of legislative affairs.
In February 2021, Garza was named CPS Energy’s chief customer and stakeholder engagement officer. He was only officially in that role 10 months before becoming the interim president and CEO.In March 2020, the coronavirus pandemic pushed the city into lockdown. The economic fallout that followed quickly became a crisis for many in the community.
But CPS Energy is not owned by shareholders; it belongs to the City of San Antonio, and returns up to 14% of its gross revenues to the city every year. As such, it cannot pay its executives anything close to what for-profit energy companies can.
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