Chattanooga, TN (August 19, 2016) – The EPB Board of Directors has appointed David Wade to serve as the municipal utility’s Chief Executive Officer, effective September 1. Wade’s appointment follows the retirement of Harold DePriest, who has served as EPB's CEO since 1996.
As part of the succession process, Wade was selected to serve as president by the EPB Board of Directors in February 2016. Effective September 1, Wade will be the municipal utility's president & CEO.
“David Wade has long excelled as a leader who puts our customers at the center of everything EPB does," said EPB Board Chairman Joe Ferguson. “David is also a visionary leader with a deep understanding of technology. He has played a critical role in transforming EPB's culture and in leading the deployment of Chattanooga's fiber optic network and smart grid. He is uniquely qualified to build on EPB's record of success.”
Wade began his career at EPB in 1983 as a line helper and quickly developed his leadership skills and hands-on knowledge of Chattanooga’s electric system. Wade holds a Bachelor of Science in Engineering from the University of Tennessee at Chattanooga. He has served as senior manager and vice president of the Electric Power system as well as executive vice president and chief operating officer. He led the design and deployment of Chattanooga’s 100% fiber optic network, which is the communications backbone of the smart grid and drives the America’s first community-wide 10-gigabit network delivering cutting-edge internet, television and telephone services.
“I’m honored to lead a team that is committed to serving our community and working with our partners to improve quality of life and promote economic development for the people in our service area,” Wade said. “My goal is to continue the EPB culture of customer service established under Harold's leadership while challenging the EPB team to continuously find new ways to maximize the community benefit from our cutting-edge fiber optic and electrical infrastructure.”
Established as an independent board of the City of Chattanooga in 1935, EPB is a municipally-owned utility that provides electric power and fiber optic communications services as a means of promoting economic development and enhancing quality of life across the local area.
EPB serves nearly 180,000 homes and businesses in a 600 square-mile area that includes greater Chattanooga, as well as parts of surrounding counties and areas of North Georgia.
In 2010, EPB became the first provider in the United States to deliver up to 1 Gig (1,000 mbps) internet speeds utilizing a community-wide fiber optic network that provides access to every home and business in its service area. In 2015, EPB became the first (and to date) only American ISP to make up to 10 Gig (10,000 mbps) internet speeds accessible to all of its residential and commercial customers as a standard offer.
EPB has also utilized its community-wide fiber optic network to deploy the most advanced and highly automated smart grid power management system in the nation. In recognition of EPB’s groundbreaking infrastructure, the Department of Energy and Oak Ridge National Laboratory are utilizing EPB’s smart grid as a national model for researching and developing best practices. EPB is also the first major power distribution utility to earn the USGBC’s PEER certification for having a highly automated, modernized electric power grid.