Wes Rosenbalm resigns as BVU CEO
Updated On: Sep 25 2013 04:39:23 PM CDT
The CEO of BVU Authority is no longer at the helm. Wes Rosenbalm submitted his resignation from the authority that provides water, sewer, electric, cable and more to Bristol, Virginia, Abingdon and Washington County, Virginia.
The BVU Authority board met behind closed doors Monday morning to talk about a personnel matter. After the executive session they voted 6-3 to accept the resignation of Rosenbalm. "Wes made the decision that he wanted to move on. He submitted his resignation, we accepted it reluctantly, and that's what you heard the vote for here today," says board chair Faith Esposito.
One of the board members, Bristol, Virginia-based attorney Doug Fleenor, gave a reason for his 'no' vote.
"We are giving too much. There wasn't enough negotiation back and forth and that's the reason for it," adds Fleenor.
No one will say why Rosenbalm resigned or what kind of severance package he'll receive.
He's been leading BVU since 2001 helping it transition from a city-owned entity to a regional authority.
We reached out to Rosenbalm at his Bristol, Virginia home, but he declined to comment.
BVU did release a statement from Rosenbalm saying in part:
"It has been a privilege to lead BVU during the past 12-years. As a team, we have attained a number of significant accomplishments for both this utility and Southwest Virginia and I am proud to have been part of it."
"He's been a great leader for BVU, we appreciate his service and we certainly wish him well in whatever endeavor he chooses at this point," adds Esposito.
The utility's CFO Stacy Pomrenke and COO Mike Bundy will be in charge until a CEO is named.
Here is the press release from BVU Authority:
ROSENBALM ANNOUNCES HE IS LEAVING BVU
BRISTOL, VA; September 25, 2013 – Wes Rosenbalm has resigned as President and CEO of BVU Authority, effective immediately.
Rosenbalm has served as BVU’s Chief Executive since 2001, guiding the utility through key periods of growth and expansion. One of his most notable accomplishments came in 2002, when BVU launched its OptiNet division and became the nation’s first municipally-owned telecommunications provider. In 2007, after OptiNet’s successful deployment throughout Bristol, Virginia, and neighboring counties in Southwest Virginia, Rosenbalm testified before the U.S. subcommittee on telecommunications and the Internet to endorse the Community Broadband Act, a federal law that would remove barriers for municipal governments seeking to offer telecom services.
In 2010, Rosenbalm worked with the Virginia General Assembly to help BVU transition to a regional authority serving Southwest Virginia.
"It has been a privilege to lead BVU during the past 12 years," Rosenbalm said. "As a team, we have attained a number of significant accomplishments for both this utility and Southwest Virginia, and I am proud to have been part of it. This area is special to my family and me, and I look forward to continuing to work for the betterment of this region."
Under Rosenbalm's leadership, BVU played an integral role in Bristol being named a 2009 Top7 Intelligent Community of the Year by the Intelligent Community Forum. Other notable recognitions include BVU receiving the 2008 Governor’s Technology Award, the 2008 Gold Award for Municipal Excellence and the 2008 Smart Community Award.
"We appreciate Wes’s many years at BVU, and we wish him the best in his future endeavors," said Faith Esposito, Chairman of the BVU Board of Directors.
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