TXNM Energy Transitions Leadership as Pat Collawn Moves to Executive Chair Position

TXNM Energy Leadership Changes

As of July 1, 2025, TXNM Energy (NYSE: TXNM) will undergo a significant leadership transition, with Pat Collawn stepping down as Chief Executive Officer to take on the role of Executive Chair. This strategic decision has been part of a thoughtfully crafted succession plan, signaling a new chapter for the company as they prepare to meet the demands of the future energy landscape.

A New Era Begins

Don Tarry, currently serving as the President and Chief Operating Officer, will be taking over as CEO and President of TXNM Energy. With an extensive career at the company that began in 1996, Tarry has held numerous leadership positions, showcasing his deep commitment to the organization and the communities it serves. Pat Collawn has been instrumental in shaping the company’s direction since she joined TXNM in 2007. Starting as the Utilities President, her leadership saw the company transform its operations significantly.

Pat Collawn's Contributions

Since becoming the CEO in March 2010 and subsequently the Chair in 2012, Collawn has been pivotal in steering TXNM Energy towards a focus on regulated utilities. Under her leadership, the company firmly committed to establishing a goal of achieving 100% carbon-free energy generation by 2040, a noteworthy milestone that led to significant advancements in sustainable practices and infrastructure. In 2024, TXNM Energy hit a remarkable 72% carbon-free generation capacity, underscoring its commitment to a cleaner energy future.

Beyond her immediate responsibilities at TXNM, Pat Collawn has also been actively involved in various community initiatives, serving on the New Mexico Partnership under Governor Michelle Lujan Grisham and on the board of the University of New Mexico Foundation.

Don Tarry's Vision

Don Tarry's ascent to the CEO position comes at a critical time when the energy sector is undergoing rapid transformations. His appointment reflects not just a continuity of leadership but also an evolution in strategy designed to adapt to the changing energy landscape. Tarry is well-versed in the company's operations, having played essential roles including Senior Vice President and Chief Financial Officer, as well as Vice President of Customer Service. Tarry is also dedicated to ensuring TXNM continues to provide cost-effective solutions that align with the growing needs of consumers and the community.

“Don's breadth of knowledge combined with his unwavering commitment to our customers and communities is unmatched,” stated Collawn. His experience and vision for the company's future will be vital in navigating the challenges and opportunities that lie ahead.

Looking Forward

The transition of leadership at TXNM Energy is not just a change in titles, but a strategic move toward stronger operational excellence and community engagement. As the company contemplates the future, the Board of Directors remains confident in the capabilities of both Pat Collawn in her new role and Don Tarry as he steps into the CEO position.

TXNM Energy stands as a key player in delivering energy to over 800,000 homes and businesses throughout Texas and New Mexico through its regulated utilities, TNMP and PNM. As they embark on this new journey, the focus continues to remain on advancing their mission towards creating a sustainable future.

Conclusion

With Pat Collawn leading as Executive Chair and Don Tarry at the helm as CEO, TXNM Energy is set to retain its momentum and further cultivate its impact in the energy sector, ensuring they meet both current and future challenges head-on.