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KANSAS CITY, Mo., March 13, 2003 -- Great Plains Energy announced the retirement of Chairman, President, CEO, Bernie Beaudoin effective by year-end. A search firm has been engaged to select appropriate candidates as the successor. Until a successor is chosen, Beaudoin will continue his responsibilities as Chairman and CEO.
Bernie Beaudoin said: "My thirty-eight years in the industry with twenty-three years at the Company have been enjoyable and meaningful. I am appreciative to all my associates who supported me over the years. I plan to stay in Kansas City and remain active in the community, but it is time for my wife and me to become more acquainted with our four grandchildren and improve my fly fishing."
Robert West, lead outside director, said: "Through Bernie's direction, the Company continues to build a stable and solid foundation. With his leadership, the Company has prospered as exemplified by the 2002 financial results. It is my pleasure to be associated with a man of Bernie's intellect and integrity." West continued: "The succession plan is being implemented in a thoughtful and deliberate process. We have engaged a search firm and will select the successor by year-end."
Great Plains Energy (NYSE: GXP - News), headquartered in Kansas City, Mo., is the holding company for three business units: Kansas City Power & Light Company, a leading regulated provider of electricity in the Midwest; Strategic Energy LLC, an energy management company providing electric load aggregation and power supply coordination; KLT Gas Inc., a subsidiary specializing in coal bed methane exploration and development. The Company's web site is www.greatplainsenergy.com.
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