Mr Loyack most recently served as president and CEO of CPG International. During his two years with CPG, the company’s sales grew 62%, and the company completed two acquisitions.
Jeff Sterba, chairman, president and CEO of PNM Resources, said: We are proud to have someone of John’s drive, financial acumen and leadership abilities at the helm of EnergyCo. It bodes extremely well for the future success of this new company.