Executive Vice President and CEO
Dennis Murdock began his career at CIPCO as an accountant and gradually rose through the ranks to become chief executive of the generation and transmission cooperative in 1989. With 46 years in the business, his expertise extends throughout nearly every aspect of the company including accounting, finance, contracts and power supply.
As CEO, Dennis has successfully charted a strategic direction designed to provide reliable electric power at the lowest possible long-term cost. His approach is to manage risk by sticking to the basic strategies of asset control, fuel diversification, managing for growth and maximizing flexibility. Today, CIPCO enjoys a balanced and diverse electric generation portfolio and competitive electric rates. The company’s financial strength is evidenced by two recent ‘A’ ratings from major credit rating agencies – both with a stable outlook.
CIPCO’s core purpose is to create value for the individuals and communities it serves. Dennis exemplifies this through his affiliation with organizations engaged in economic growth and development. He currently holds leadership positions with Iowa Association of Business and Industry, Iowa Community Development (New Market Tax Credits), Capital Management Associates, CMA Ventures, Iowa Area Development Group, Iowa Capital Investment Corporation and Upper Iowa University Board of Trustees.
Dennis earned his Bachelor of Science Degree in Accounting and Math from Upper Iowa University.
Vice President Utility Operations
It was a smooth transition for Gary Slaby to Vice President of Utility Operations. Gary had assumed the role of Assistant Vice President of Utility Operations in early 2015. His leadership within utility operations has provided a well-rounded experience in all aspects of the division.
As Vice President of Utility Operations, Gary is responsible for managing CIPCO’s fleet of owned and co-owned generation assets with a combined capacity of 408 megawatts and 1,912 miles of transmission line along with segmental ownership of railroad and pipeline assets. He will supervise negotiations of labor issues, facilities agreements and regulatory compliance matters. His experience and flexibility to change give him a clear vision of the electric utility industry challenges and horizons into the future.
Gary began his utility industry career in 1981 with Eastern Iowa Light and Power at the Fair Station facility. He continued his service with CIPCO at Fair Station until 2000. After a brief stint at MidAmerican Energy, Gary returned to CIPCO as the Plant Superintendent at Summit Lake in August 2003. In 2009, he moved to the Cedar Rapids office as Production Resource Supervisor and was then promoted to Manager of Generation Assets in 2012.
Gary holds a Bachelor of Business Administration degree from St. Ambrose University in Davenport.
Vice President Corporate Communications
In the fall of 2000, Kathe Breheny made a career move from the advertising and public relations field to work in the electric cooperative industry. As Vice President of Corporate Communications, she is responsible for development, integration and implementation of all internal and external strategic communication needs for the cooperative and membership. Other areas of responsibility include media relations, public policy, statewide media planning and placement as well as development of strategic programs and services for CIPCO and the membership.
Organizations and boards that Kathe is affiliated with include serving as Vice President of Marketing on the Capital Management Associates Board of Directors, an investment advisory and consulting company wholly-owned subsidiary of CIPCO, the Robert D. and Billie Ray Center Board of Directors (formally Character Counts in Iowa), Touchstone Energy Board of Directors, and serves as the Regional Member of Touchstone Energy for CIPCO and the membership as well as several other professional organizations. Kathe also completed the NRECA Robert I. Kabat Management Internship Program in 2011.
Vice President Human Capital
As Vice President Human Capital, Janel Cerwick provides vision, leadership and direction for the human capital activities of CIPCO. This includes human capital strategy development; culture and change management; talent management/succession planning; organization design; employee recruitment and retention; performance management; employee total rewards strategy (wage, salary and benefit programs); organization structure and development.
She is also responsible for leadership and employee training and development; employee relations; employee policy development; employee/labor relations; federal, and state and local employment law compliance.
Janel has an extensive 29 year career in Human Resources. Prior to joining CIPCO in 2012, Janel led the HR Function at Aviva Investors North America. She has received a Bachelor of Science Degree in Sociology and Master of Science Degree in Industrial Relations, both from Iowa State University.
Vice President Information Technology
Paul Hofman began his career with CIPCO in 2012 as Vice President Information Technology. As leader of the IT team, he oversees and executes the development, implementation, and ongoing maintenance of new technology; security and business policies for the Information Technology structure; and ensures compliance with all laws and regulations. This safeguards the IT integrity and effectiveness for individual departments and CIPCO, keeping in alignment with CIPCO’s strategic plan, enabling the cooperative to successfully meet its short and longer term goals.
He has 25 years’ experience in the IT field focused on IT partnering with the business to meet business needs across several industries: manufacturing, insurance, financial services, investments, and now utilities. Prior to joining CIPCO, Paul was at Aviva.
Paul graduated with high honors from Northwestern College in Orange City, Iowa with a Bachelor of Arts Degree in Computer Science.
Vice President Planning & Growth Strategies
In 2008, Dusky Terry joined CIPCO developing strategic messaging around energy generation, efficiency and environmental impacts as Public Affairs Strategist. His responsibilities included research on emerging economic and energy issues and maintaining regular communication with policymakers, regulators, media, and cooperative members. In 2013, Dusky was promoted to Vice President Growth Strategies.
As Vice President, Dusky leads the Growth Strategies Department with a focus on growing the business and serving cooperative members through business development, ratemaking, marketing and energy efficiency solutions. He serves as Vice President of Capital Management Associates, an investment advisory and consulting company, and CMA Ventures, an $18 million evergreen venture capital fund, both wholly-owned subsidiaries of CIPCO. Dusky also serves on the Board of Directors for the Better Business Bureau, Madison County Development Group and Greater Madison County Community Foundation.
Prior to joining CIPCO, he spent ten years working in Iowa politics and state government, including seven years in the Governor’s Office.
Dusky earned his Bachelor of Arts Degree in Public Administration from the University of Northern Iowa.
Andrew St. John
Vice President and Chief Financial Officer
Andrew St. John joined the CIPCO Leadership Team in 2016. As Vice President and Chief Financial Officer, he is responsible for overseeing the accounting and finance operations of CIPCO, financial risk mitigation, and investment strategy and portfolio oversight. In addition, Andrew oversees the financial activities of subsidiary organizations and serves as Vice President and Manager of CMA Ventures, Inc., a private investment firm wholly-owned by CIPCO with a mission to make profitable and strategic growth capital investments in the Midwest, with a preference for Iowa-based companies.
Prior to joining CIPCO, Andrew was an Audit Manager with Deloitte & Touche, LLP. He brings a wealth of experience in the Power and Utilities industry, with an emphasis on complex investments, regulatory and compliance reporting, renewable energy, intricate power purchase agreements, and mergers and acquisitions. Andrew’s past experience also includes managing financial forecasting and reporting operations for a fast-growing technology company.
Andrew is an Iowa licensed CPA and member of the American Institute of Certified Public Accountants and the Iowa Society of Certified Public Accountants. He also serves on the Board of Directors of Junior Achievement of Central Iowa.
Andrew earned his Bachelor of Arts Degree in Accounting from the University of Northern Iowa.