The president and chief executive officer of First Niagara Financial Group, John Koelmel, is being nominated to become the chairman of the New York Power Authority.
The Buffalo News is reporting that Governor Andrew Cuomo will submit Koelmel’s name to the board of trustees Tuesday.
In addition to the Niagara Power Project, NYPA oversees about 1,400 miles of electric distribution lines and is investigating solar and wind energy as alternative power sources.
Koelmel, 59, has overseen a rapid expansion of First Niagara in recent years, and has headed the banking group since 2006. He is also chairman of the board at Kaleida Health.
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