In a strategic realignment of business operations, the board of directors of KeySpan Corp., the company announced that Robert J. Fani has been elected president, KeySpan Energy Services and Supply, Wallace P. Parker Jr. has been elected president, KeySpan Energy Delivery, and Steven L. Zelkowitz has been named executive vice president and general counsel. “The new positions will enable us to implement our growth strategy and are consistent with the evolution of our organizational structure into regulated and unregulated businesses,” said CEO Robert B. Catell. “To accomplish this, our unregulated business activities will be combined into a new business unit, KeySpan Energy Services and Supply, while our regulated gas and electric business will be combined under KeySpan Energy Delivery.” the company reported that Fani and Zelkowitz will report directly to Catell, while Parker will report to Craig G. Matthews, vice chairman and COO. In addition, Catell, Matthews, Fani and Parker will compose a newly formed office of the chairman, which will focus on corporate strategy and develop a leadership team to position the company for the future.

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