Mr. Stevens will remain in his position as the Board initiates the recruitment process for his replacement.
"David has accomplished a significant amount in his tenure with EPCOR, achieving solid financial and operational results, and growth in our business. The company is as strong today as it has ever been," said EPCOR Board Chair Hugh J. Bolton. "David has been a very effective leader."
"We are sorry to see David retire, but respect his decision to do so at this stage of life and wish him the best. Our Board is now focused on the search for a new President and CEO who will have the opportunity to lead a strong management team, and carry forward the company's commitment to excellence."