Tri-State G&T appoints interim CFO Clifton Karnei after CFO Telesz resignation

Tri-State Generation & Transmission Association, Inc.

Todd Telesz resigned as CFO effective June 13, 2025 to join Hallador Energy.
Clifton Karnei appointed interim CFO effective June 16, 2025; brings 30+ years utility experience, previously EVP/GM of Brazos Electric.
Karnei's base bi-weekly salary is $23,077.41; employment expected 3–6 months until permanent CFO hired.
Tri-State retains Mycoff Fry Partners to search for permanent CFO; Karnei will serve until then.
Tri-State emphasizes upcoming investment cycle in resource plan and transmission; previous CFO departure for competitor.

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Executive movements

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Appointed (interim)

Clifton Karnei

Interim Chief Financial Officer

Tri-State Generation & Transmission Association, Inc.

Effective: 2025-06-16
Filed: Jun 12, 2025 23:59 UTC

On June 6, 2025, Clifton Karnei, age 63, accepted the temporary position as our Interim Chief Financial Officer, subject to completion of applicable pre-employment procedures.

Departed

Todd E. Telesz

Chief Financial Officer

Tri-State Generation & Transmission Association, Inc.

Effective: 2025-06-13
Successor: Clifton Karnei
Filed: Jun 12, 2025 23:59 UTC

on June 2, 2025, Todd E. Telesz, our Senior Vice President and Chief Financial Officer, informed us that he intends to resign on June 13, 2025.

Source: SEC EDGAR

accession 0001637880-25-000029

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