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
Kathe Breheny has worked in the strategic marketing and communications arena for over 29 years, providing valuable insight and guidance across multiple platforms. In the fall of 2000, Kathe made a transition 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, corporate giving, as well as development of strategic and innovative programs and services for CIPCO and the membership.
Kathe is actively engaged not only with organizations that supports the electric cooperative industry, but also those connected with the community. 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, St. Luke's Rural Healthcare Grants, Regional Member of Touchstone Energy for CIPCO and the membership and the National G&T Communicators Association.
Other organizations Kathe has served in officer positions include the Touchstone Energy Board of Directors, National G&T Communicators, Touchstone Energy Regional Members and Touchstone Energy Strategic Communications group. 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, engagement and retention; performance management; employee total rewards strategy (wage, salary and benefit programs); and organization development.
She is also responsible for leadership and employee training and development; employee relations; policy development; employee/labor relations; federal, and state and local employment law compliance.
Since joining the organization, Janel and her team have focused their efforts on transforming CIPCO’s Human Capital policies and programs to ready the organization for a significant generational-driven workforce shift.
Janel has an extensive 30-year career in Human Resources. Prior to joining CIPCO in 2012, Janel held leadership roles at Aviva Investors North America and Wells Fargo Home and Consumer Finance Group. She received a Bachelor of Science Degree in Sociology and Master of Science Degree in Industrial Relations, both from Iowa State University.
Vice President Planning & Growth Strategies
As Vice President, Dusky Terry leads a team responsible for CIPCO’s resource adequacy and planning, wholesale ratemaking, business development, energy efficiency and member services. He’s accountable for maintaining a balanced and diverse power supply mix that manages risk and meets the evolving needs of member cooperatives. He is also charged with growing the business by positioning member territories to be competitive in attracting residential and commercial growth. Dusky oversees the cooperative’s integrated resource planning and recently played a key role in the deployment of CIPCO’s utility-scale solar project. He also serves as Vice President of CMA Ventures, a private investment firm wholly-owned by CIPCO.
Dusky joined CIPCO in 2008 specializing in communications and public relations. His responsibilities at the time included research on emerging economic and energy issues and maintaining regular communication with policymakers, regulators, media, and cooperative members. He was promoted to Vice President in 2013.
He currently serves as president of the Better Business Bureau of Iowa Board and previously served on the Madison County Development Group Board, Greater Madison County Community Foundation Board, and as Mayor of Earlham.
Prior to joining CIPCO, Dusky spent ten years working in the public policy arena, including seven years in the Iowa Governor’s Office. Dusky earned his Bachelor of Arts degree in Public Administration from the University of Northern Iowa. He is a graduate of Leadership Iowa (2009) and the NRECA Management Internship Program (2011).
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.
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.