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TXNM Energy Announces CFO Transition to Henry Monroy

1. TXNM appoints Henry Monroy as new CFO, succeeding Lisa Eden. 2. Monroy has a strong track record with TXNM since 2003. 3. He previously held leadership roles in accounting and finance. 4. TXNM serves over 800,000 customers in Texas and New Mexico.

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FAQ

Why Bullish?

Appointing a long-term internal candidate indicates stability and confidence in management. This could attract investors seeking assurance amidst transitional phases.

How important is it?

The CFO role is critical for financial health, affecting investor confidence. A well-respected internal appointment is usually received positively.

Why Short Term?

Immediate reactions from the market may occur due to executive leadership changes. Historical trends show stocks often react positively to strong leadership.

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PNMTNMP
, /PRNewswire/ -- TXNM Energy (NYSE: TXNM) announces Henry Monroy as its new Senior Vice President and Chief Financial Officer. Monroy succeeds outgoing CFO Lisa Eden, who announced her retirement late last year after 21 years with the company. Monroy, 46, joined the company in 2003 and has most recently served as Vice President of PNM Regulatory. He has an extensive background in accounting and finance, having previously served as the company's Vice President and Corporate Controller from 2020 until 2023, as well numerous leadership positions with the company's accounting, revenue and budget functions.  Monroy graduated from New Mexico State University with a bachelor's degree in accounting and is a Certified Public Accountant in the State of New Mexico. Background:TXNM Energy (NYSE: TXNM), an energy holding company based in Albuquerque, New Mexico, delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM. For more information, visit the company's website at www.TXNMEnergy.com. Contacts: Analysts Media Lisa Goodman Corporate Communications (505) 241-2160 (505) 241-2743 Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995Statements made in this news release for TXNM Energy, Inc. ("TXNM"), Public Service Company of New Mexico ("PNM"), or Texas-New Mexico Power Company ("TNMP") (collectively, the "Company") that relate to future events or expectations, projections, estimates, intentions, goals, targets, and strategies, including the unaudited financial results and earnings guidance, are made pursuant to the Private Securities Litigation Reform Act of 1995. Readers are cautioned that all forward-looking statements are based upon current expectations and estimates and apply only as of the date of this report. TXNM, PNM, and TNMP assume no obligation to update this information. Because actual results may differ materially from those expressed or implied by these forward-looking statements, TXNM, PNM, and TNMP caution readers not to place undue reliance on these statements. TXNM's, PNM's, and TNMP's business, financial condition, cash flow, and operating results are influenced by many factors, which are often beyond their control, that can cause actual results to differ from those expressed or implied by the forward-looking statements. For a discussion of risk factors and other important factors affecting forward-looking statements, please see the Company's Form 10-K, Form 10-Q filings and the information included in the Company's Forms 8-K with the Securities and Exchange Commission, which factors are specifically incorporated by reference herein. SOURCE TXNM Energy, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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