American Transmission Co. names Hofbauer CFO

The board of directors of American Transmission Co. has elected Michael Hofbauer vice president, chief financial officer and treasurer effective immediately, with responsibilities for ATC’s financial, information technology and supply chain functions.

Hofbauer joined ATC as director of accounting operations in 2001 when the company was formed. In January 2007, he was promoted to corporate controller, overseeing all finance department activities including accounting, tax, financial reporting, budgeting, treasury and risk management. Hofbauer was named interim CFO in June 2009.

Prior to joining ATC, Hofbauer held various senior-level positions with Arthur Andersen, managing consulting engagements for the healthcare and products industries as well as state and local governments. Hofbauer also managed the corporate accounting function for Midway Airlines.

Hofbauer earned a bachelor’s degree in business administration from the University of Notre Dame and a master’s degree in business administration from the University of Chicago. He also is a certified public accountant.

“We are pleased to have Mike in this new role within our corporate leadership team,” said John Procario, president and chief executive officer. “He has demonstrated broad knowledge of the financial, operational and regulatory issues impacting ATC. Mike will be a strong addition to our executive team and will be critical in executing our growth strategy.”

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