By Adriano Marchese
TXNM Energy has appointed Henry Monroy to the role of chief financial officer.
Monroy has been with Albuquerque, N.M.-based energy holding company since 2003, most recently service as vice president of PNM Regulatory.
Previously, he served as vice president and corporate controller between the years 2020 and 2023, and numerous leadership roles in accounting, revenue and budget functions, TXNM said Tuesday.
He succeeds Lisa Eden, who announced her retirement late last year after 21 years with the company.
On Monday, the company agreed to be bought by asset manager Blackstone which is set to pay nearly $5.7 billion in cash for TXNM, a roughly 16% premium to Friday's closing price of $52.88.
The deal is set to close in the second half of 2026, and carries an enterprise value of $11.5 billion, including net debt and preferred stock, the companies said.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
May 20, 2025 06:55 ET (10:55 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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