Pinnacle West Capital Corp announced recently that Pinnacle West and Arizona Public Service (APS) Chairman and CEO Jeff Guldner will retire as Chairman of the Board, CEO and board member on March 31, 2025, after 5 years of leading the company. APS President Ted Geisler will assume the roles of Chairman of the Board, President and CEO of Pinnacle West and APS effective April 1, 2025. Guldner will remain employed by Pinnacle West in a non-executive advisory capacity to support a smooth transition through the end of March 2026.
“We’re incredibly grateful for Jeff’s leadership since joining APS in 2004 as Director of Federal Regulatory Affairs and Compliance through his tenure as CEO,” said Pinnacle West Lead Director Paula Sims. “He cast a strong vision for a carbon-free future, and he initiated efforts to improve our customers’ experience and the long-term financial health of the company – the impacts of which can’t be overstated. Jeff’s passion for APS’s people, customers and the community has left an indelible mark.
“Following a thoughtful succession planning process, we are excited to announce Ted Geisler as our next Chairman and CEO,” Sims continued. “Ted brings a unique blend of operational and financial acumen and results-oriented leadership from his breadth of experience across our business. He is well-positioned to build on his success as President of APS, where he drove top-quartile rankings in reliability and customer satisfaction, achieved key regulatory outcomes and set the strategy that’s enabled us to expand and strengthen the grid.”
“Over my tenure as CEO, Ted has been a trusted partner and deeply involved in crafting and executing the company’s long-term strategy,” Guldner said of his successor. “No one understands our priorities better, and I have full faith Ted and the team will lead APS and Arizona successfully through the new era of growth that’s upon us.”
Geisler has been President of APS since 2022 and has held a series of leadership positions at the company during his 23-year career at APS.
“It’s an honor to continue to serve in this new capacity,” Geisler said. “I do so with deep respect and appreciation for Jeff, and for our essential role in powering Arizona’s progress. We have a talented team and a strategy that has reliably delivered outstanding results for our customers, communities and shareholders. I look forward to continuing to work closely with Jeff during the transition and building on the plans in place that have set the stage for APS’s success.”
