Citing a difference of opinion with the board of directors overstrategy, Branko Terzic resigned as chairman, president and CEO ofYankee Energy System based in Meriden, CT.

Terzic, a former FERC commissioner, cited the board’s recentdecision to exit the national power development business andrefocus on its core natural gas business in Connecticut as theprecipitating his resignation.

Charles E. Gooley, formerly executive vice president, succeedsTerzic as president and CEO. He will continue to hold his positionas president of Yankee Energy’s principal subsidiary, Yankee GasServices. Emery G. Olcott a director of the company since 1989, waselected chairman of the board. Olcott is chairman and CEO ofPackard Bioscience Co. of Meriden, CT. Yankee had recentlyannounced the strategic change. Gooley said Terzic had decided toresign before the Oct. 1 start of Yankee’s fiscal 1999. He saidYankee would continue its HVAC business but with a focus on naturalgas.

“All of us at Yankee Energy appreciate Branko’s dedication tothis company over the last four years,” Olcott said. “We wish himwell in his future endeavors as he returns to the national andinternational energy scenes.” A statement issued by Terzic said hewould be completing several obligations to produce manuscripts fora publisher and to participate in seminars, while “seeking newchallenges and business opportunities.”

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