Industry & Services >> CEO Interviews >> May 2, 2003
PAUL DONOVAN is Executive Vice President and Chief Financial
Officer of Wisconsin Energy Corporation. Mr. Donovan joined
Wisconsin Energy as Senior Vice President and Chief Financial
Officer in 1999 and was promoted to Executive Vice President in
May 2002. Prior to joining Wisconsin Energy, he was Executive
Vice President and Chief Financial Officer of Sundstrand Corp. in
Rockford, Illinois. He began his career with Sundstrand in 1988
as Corporate Treasurer and was elected Vice President of Finance
and Chief Financial Officer that same year. In 1990, Mr. Donovan
was elected Executive Vice President and Chief Financial Officer.
Over a five-year period beginning in 1983, he held a variety of
corporate financial positions with Allied Signal Inc., including
the positions of Assistant Treasurer and Assistant Controller.
Mr. Donovan has also held finance positions with Ford Motor
Company and was the Director of International Operations and
Managing Director of Operations in the United Kingdom for PHH
Group, Inc. Mr. Donovan graduated from Fairfield University in
1969 with a Bachelor's degree. He worked as a teacher before
returning to graduate school full time. He earned an MBA in
Finance from the University of Michigan in 1976. Mr. Donovan is a
member of the Board of Directors for AMCORE Financial, Inc., and
serves on its compensation and investment committees.
Additionally, he is a member of the Board of Directors for the
Woodward Governor Company, where he serves on its audit and
compensation committees. In October 2001, Mr. Donovan was elected
to the Solutia Inc. Board of Directors and serves on its audit
and finance committee. Also, in November 2001, he was appointed
as a member of the newly created Forecast Advisory Council for
the State of Wisconsin's Department of Revenue. Profile
TWST: Could we begin with a brief historical sketch of WisconsinEnergy Corporation and a picture of things as they are now?
Mr. Donovan: Wisconsin Energy is a holding company that owns