Tenaska Marketing Ventures names new president

Tim Kudron has been promoted to president of Tenaska Marketing Ventures (TMV), a Tenaska affiliate and leading North American natural gas marketer.

Kudron, a 28-year employee of Tenaska, board member and current chief financial officer of TMV, replaces Mark Whitt who will be retiring. Current Senior Vice President of Credit Risk Mark Soulliere is now CFO of TMV. Kudron and Soulliere took their new roles effective April 1.

Timothy Kudron

“This planned succession is a testament to TMV’s dedication to preserving a customer-focused culture and reinforces its leading market position,” said Tenaska Chief Executive Officer Chris Leitner. “Tim brings a wealth of financial and energy industry knowledge to the position and his decades-long experience as an executive at Tenaska will allow TMV to build upon the robust foundation that Whitt maintained and enhanced, reflecting Tenaska’s proactive approach to seize new opportunities and drive future growth.”

After dedicating 22 years to TMV, Whitt is slated to retire in March 2025. He will assume an executive advisory role at Tenaska to work closely with Kudron. This collaboration will span over the next year, allowing for a smooth transition to facilitate the handover of responsibilities and maintain TMV’s strong performance and customer relationships.

Under Whitt’s leadership, TMV not only maintained its leading position in the industry but has also achieved significant growth. Since 2020, TMV’s natural gas wholesale volumes have increased. The company has expanded its customer base and extensive storage and transportation assets, securing its position as the No. 1 physical gas marketer in the U.S., according to S&P Global Platts Gas Daily and Natural Gas Intelligence. Consistently achieving top ranking in MASTIO & Company’s Natural Gas Marketer Customer Value/Loyalty Benchmarking Study within the Major Marketing Group category, TMV has claimed this honor eight times in the last ten years and remained among the top 5 since 2007.

Kudron’s career at Tenaska began in 1995, where he has held various roles in corporate accounting, finance and administration. His rise to the role of senior vice president of finance set the stage for his position as TMV’s CFO. As President of TMV, Kudron’s leadership extends to overseeing the entire operation.

Soulliere’s tenure at TMV started in 1997 as the sole risk analyst. He initially led the market risk, deal capture, and credit groups during TMV’s formative years. Subsequently, he dedicated his efforts to enhancing the credit system and assembling a team to support the trade floor as TMV continued to expand its footprint. As CFO of TMV, Soulliere will have direct oversight of all accounting and back-office functions.

“Mark Whitt has been a key contributor to Tenaska’s success and a respected leader in the industry. We thank him for his dedication,” Leitner said. “The board and I are confident that Tim will continue to provide strong leadership and strategic direction for TMV as we navigate the evolving energy markets.”

Tenaska Marketing Ventures / Tenaska Marketing Canada / Tenaska Gas Storage (TMV) is an affiliate of Omaha, Nebraska-based energy company Tenaska. TMV offers tailored solutions to meet wholesale customers’ needs for natural gas buying and selling, price hedging, asset management, and supply and demand volume swing management.

Image: Timothy Kudron