SPOKANE, Wash., Nov. 5 // -- Avista Corp. (NYSE: AVA) has named Jeff D. Heggedahl as president and chief executive officer of its subsidiary Advantage IQ effective Dec. 1, 2009. Advantage IQ is a provider of expense management solutions for over 500 multi-site companies throughout North America.
Prior to joining Avista, Heggedahl was the president and chief executive officer of Scantron Corporation, Minneapolis, Minn., a testing and assessment company with expertise in software, survey and data capture. Previously, he served as president of Harland Printed Products and Marketing Services, a subsidiary of John H. Harland Company, Atlanta, Ga.
"We are pleased to have Jeff join us to lead Advantage IQ," said Scott Morris, chairman, president and chief executive officer of Avista Corp. and chairman of the board of Advantage IQ. "His experience in integrating resources, growing market share and containing costs will be invaluable as we continue to take this company forward as a market leader.
"We'd also like to thank Ed Schlect, who has been the interim president at Advantage IQ. He did a great job of keeping the company on track through what have been some challenging economic times. He will remain a critical part of the senior leadership team as executive vice president," Morris said.
Heggedahl is a 1987 graduate of Gustavus Adolphus College in St. Peter, Minn., where he earned a Bachelor of Arts degree in business and communications. He holds a Master of Business Administration degree from the University of St. Thomas, St. Paul, Minn., and completed the Advanced Management Program at Harvard Business School, Cambridge, Mass.
Avista Corp. is an energy company involved in the production, transmission and distribution of energy as well as other energy-related businesses. Avista Utilities is our operating division that provides electric service to 355,000 homes and businesses and natural gas to 312,000 homes and businesses in three Western states, serving more than 492,000 customers. Avista's primary, non-regulated subsidiary is Advantage IQ. Our stock is traded under the ticker symbol "AVA." For more information about Avista, please visit www.avistacorp.com.
Advantage IQ is a leading provider of comprehensive cost management services for utility, telecom, waste and lease expenses, including strategic energy management services. Its patented technology and services provide multi-site companies with critical, yet easy-to-access, information that enables companies to proactively manage and reduce expenses. Advantage IQ's patented system provides online access to consolidated cost and consumption data, partnered with powerful analytical reporting tools. For more information about Advantage IQ, visit www.advantageiq.com or call 1-800-791-7564.
Avista Corp. and the Avista Corp. logo are trademarks of Avista Corporation.
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SOURCE: Avista Corp.
Web site: http://www.avistacorp.com/
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