Executive Team & Officers

Dennis L. Murdock
Executive Vice President and CEO of Central Iowa Power Cooperative, Cedar Rapids, Iowa and Executive Vice President of Central Iowa Energy Cooperative

Mr. Murdock has over 40 years experience in the electric utility industry at CIPCO, with responsibilities in accounting, finance, contracts and power supply beginning his tenure at CIPCO in 1968.

Mr. Murdock has a broad range of experience in working with community leaders across the CIPCO service territory, stretching from the Mississippi River on the eastern border of the state to nearly Missouri and Nebraska on the southwestern border.

As chairman of the Iowa Capital Corporation, the Iowa Area Development Group and Capital Management Associates, Mr. Murdock works closely with new business developments and venture capital projects that have the potential to enhance Iowa’s economy. He is also a member of the Board of Directors for the Iowa Association of Business and Industry.

Mr. Murdock is a member of many local civic and economic development organizations.

Effective July 1, 2002, Mr. Murdock was named to one of two boards created by Iowa legislation to encourage venture capital investment in Iowa. The Iowa Capital Investment Corporation, which Mr. Murdock serves as President, organized the Iowa Fund of Funds.  The fund managed Iowa Fund of Funds will make investments in venture capital funds, allowing enhanced access to capital for Iowa start-up companies.

Mr. Murdock earned his Bachelor of Science in Accounting and Math from Upper Iowa University.

Craig E. Fricke
Chief Operating Officer / Vice President Business Operations

Over 28 years of progressive strategic planning, resource optimization and business management experience in the electric utility industry give Mr. Fricke insight into today's changing business environment. He has been on the staff of CIPCO since 1982 when he joined as Special Projects Engineer. He was promoted to Manager of Marketing in 1985, appointed as Vice President of Corporate Planning and Business Development in 1990, and then promoted to his current position in 2004. Mr. Fricke began his career in 1979 as Project Engineer for Eastern Iowa Light and Power Cooperative, Wilton, Iowa.

Mr. Fricke leads a group of dedicated professionals responsible for the functional areas of finance and accounting, human resources and organizational development, marketing and business development, pricing and contract development, enterprise risk management, corporate and consumer research, resource planning, and data systems. A primary focus for the Business Operations Group is to assess and anticipate changing market conditions in order to specify economically robust supply, sales, and demand response portfolios to serve CIPCO member needs.

Mr. Fricke serves on the Board of Myriad Developers, L.C., on the Board of the Iowa Capital Corporation, and is a member of the American Society of Agricultural Engineers and the American Management Association.

He served as President of the Iowa Food and Energy Council, as a member of the Board of the National Food and Energy Council, as a member of the Iowa Area Development Group Advisory Council, and on various NRECA committees. He is also the recipient of the Iowa Area Development Group's "Leadership in Facilitating" award for work in negotiating rural business development projects.

Mr. Fricke earned his B.S. degree in Agricultural Engineering (electrical power and processing specialization) from Iowa State University in 1979. He completed the Leadership Iowa Program of the Association of Business and Industry Foundation.

Richard L. Anderson
Vice President of Utility Operations

Mr. Anderson has over 40 years of progressive technical and business management experience in the electric utility industry.  Beginning his career with Central Iowa Power Cooperative in October of 1973, he has held various engineering and operations positions at CIPCO. Anderson is skilled in technical problem solving and provides leadership to a staff of 75 employees performing generation, transmission, engineering, environmental and safety functions.

He is a seasoned negotiator under multiple scenarios including labor issues, facilities agreements and regulatory matters. His flexibility to change gives him a clear vision of the re-regulated electric industry. Mr. Anderson and the Utility Operations Groups' prime objective is customer satisfaction achieved through continuous process refinement in each of the operating functions.

Mr. Anderson is a member of the Mid-Continent Area Power Pool (MAPP) Management Committee, and the Midwest Reliability Organization (MRO) Management Committee. He serves on the Board of Directors of Myriad Developers, L.C. and is a member of the American Management Association.

Mr. Anderson is a published author in Transmission and Distribution and Rural Electrification magazines. He is a recipient of the Governor of Iowa's Business Development recognition for assistance with the made in Iowa movie Field of Dreams. He is the recipient of the Iowa Area Development Group's "Leadership in Facilitating" award for work in negotiating rural Business Development projects.


Officers

Patrick H. Murphy
Director, Business Development & Assistant Vice President

Mr. Murphy joined CIPCO in August of 1989 as Manager of Administrative Services. From 1983 to 1989, he was General Manager of Guthrie County Rural Electric Cooperative, Guthrie Center, Iowa, and also served as Interim General Manager of Pella Electric Cooperative, Pella, Iowa in 1991. Mr. Murphy began his utility career in 1978 after serving as a Marketing Representative for Burroughs Corporation.

Since 1989, Mr. Murphy has performed various duties for CIPCO, including business analysis and development, rate development and property management. Other areas of concentration have included assisting with power requirement studies, development and administration of wholesale power contracts and large commercial power contract negotiations. He currently oversees CIPCO’s economic development and marketing programs.

Mr. Murphy also serves as Manager of Myriad Developers, L.C. This wholly owned subsidiary of CIPCO has participated in the development of several speculative buildings in partnership with cooperative members and communities. As Manager, he has supervised the construction, administration and marketing of the Myriad Technology Plaza, a four building complex located at the Oakdale Research Park in Coralville, Iowa.

He has served on the Iowa Capital Corporation Investment Committee, CIPCO Marketing Committee, and IAEC Marketing Committee and has held the positions of Secretary, Vice-President and President of the CIPCO Manager’s Group. Mr. Murphy has also been active on various community groups including the Marion Economic Development Company Board and the Lisbon Community School District School Board.

Mr. Murphy received a Bachelor of Arts from the University of Northern Iowa, Master of Business Administration from the University of South Dakota, and certification as an Economic Development Finance Professional by the National Development Council.

Terry Sullivan
Chief Financial Officer, Assistant Vice President

Terry Sullivan joined CIPCO and its affiliate companies in 2001. Prior to this time he spent 11 years with KPMG as a Senior Manager in Audit and Assurance Services. He worked with early stage companies to large publicly held companies in a variety of industries while at KPMG.

Mr. Sullivan’s responsibilities include oversight and responsibility for the accounting and finance areas of CIPCO. Additionally Mr. Sullivan serves as Vice President and Manager of Iowa Capital Corporation (ICC), an evergreen venture fund which invests in early to mid stage companies which encompasses a wide range of industries and as Vice President of Capital Management Associates, Inc (CMA).

Mr. Sullivan serves on the Board of Directors of Fastek International, The Entrepreneurial Development Center, Myriad Developers, L.C., and The University of Northern Iowa Accounting Advisory Council, and is a member of the American Institute of Certified Public Accountants and the Iowa Society of Certified Public Accountants.

Mr. Sullivan earned a Bachelor of Arts Degree in Accounting from the University of Northern Iowa, graduating with High Honors in 1990. He passed his Uniform Certified Public Accountancy Exam in May 1990.