Tampa Electric Company, more commonly known in Florida as TECO, announced the promotion of Archie Collins to become the next President & Chief Executive Officer effective May 3, 2021. Until that time, he will serve as President & Chief Operating Officer, according to a news release from TECO’s parent company, Emera, Inc., which is headquartered in Halifax, Nova Scotia and owns approximately $32 billion in assets and posted 2019 revenues of more than $6.1 billion.
“Archie is a proven energy leader with deep operational experience who has been playing a key leadership role at Tampa Electric since 2018,” says Scott Balfour, President and CEO of Emera Inc. and Chair of the Tampa Electric Board. “He is the right leader to maintain the positive momentum at Tampa Electric as the team continues its focus on delivering value for customers, reducing carbon emissions, and driving growth at the utility, all while cultivating a strong safety culture and a diverse and inclusive team.”
Collins will replace outgoing CEO Nancy Tower, who worked at the company for 24 years and will officially retire in June.
“We are grateful for the contribution of Nancy Tower to Emera over the past 24 years,” Balfour said. “During her time at Tampa Electric she played a key role in establishing the strategic roadmap for the future of the utility and has been instrumental in driving the recent growth at the company.”
According to the Emera release, Collins has more than 30 years of experience in the energy industry. His previous roles with Emera include leadership roles at Nova Scotia Power, Emera Energy, as President and Chief Executive Officer of Grand Bahama Power Co., and he served as President and Chief Operating Officer of Emera Caribbean.
“I am proud to become the next President and CEO of Tampa Electric,” says Archie Collins, President and COO of Tampa Electric. “It is a privilege to be chosen to lead this team, and to help shape a future for Tampa Electric that is cleaner, greener and focused on serving our customers and investing in our community.”
TECO serves approximately 780,000 customers in Hillsborough County and parts of Polk, Pasco and Pinellas Counties.