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PNM’s parent company appoints new chief financial officer following proposed Blackstone sale announcement
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Public Service Company of New Mexico announced on Tuesday that Henry Monroy is taking over as chief financial officer for parent company TXNM Energy Inc., succeeding Lisa Eden, who’s retiring.
The leadership change comes the day after TXNM Energy formally announced a buyout agreement with Blackstone Infrastructure. Last week, the company also announced that its chair and CEO, Pat Collawn, is transitioning to executive chair in July, making way for PNM’s President and CEO Don Tarry to step into the chief executive role.
Monroy, who will also take on the role of senior vice president at TXNM Energy, has worked for PNM for more than two decades, previously serving as vice president of regulatory as well as vice president and corporate controller. He’s also led accounting, revenue and budget functions, according to PNM.
The new CFO also grew up in New Mexico, moving to Jal from El Paso in fourth grade. He graduated with a bachelor’s degree in accounting from New Mexico State University and now lives in Rio Rancho.
He could eventually serve under Blackstone if the global firm gets the necessary regulatory approvals to move forward with its proposed $11.5 billion acquisition of TXNM Energy, which also owns the utility Texas-New Mexico Power Co.
Monroy, a certified public accountant, said in a news release he’s focused on serving customers through collaboration.
“By being transparent and listening to the concerns of others, we can incorporate those concerns and modify our own recommendations in a way that creates better outcomes for our customers,” he said. “The more our customers value us, the more valuable we are as a company.”
