WALTHAM, MA – KeySpan Corporation, the largest natural gas distributor in the Northeast, announced the promotion of Nickolas Stavropoulos to President of KeySpan Energy Delivery (KED). With revenues of nearly $5 billion, KeySpan Energy Delivery serves 2.5 million customers in Massachusetts, New Hampshire and New York.
In this new role, Stavropoulos takes on expanded responsibility enterprise-wide, leading the company’s gas distribution group, field operations, and sales and marketing teams throughout New England and New York. Collectively these organizations represent 3,600 employees dedicated to delivering high-quality, uninterrupted service to existing customers and to expanding service to new customers in a cost-effective manner. Prior to his current appointment, Stavropoulos served as President of KeySpan Energy Delivery New England from 2002 to 2004.
“Nick’s new appointment underscores KeySpan’s commitment to maintaining a strong leadership presence in New England,” said Robert B. Catell, Chairman and CEO of KeySpan. “In his former role, his hands-on leadership and team-based management style motivated employees to achieve record customer growth and a three-fold increase in operating income. This move provides an effective way of executing enterprise-wide many of the excellent ideas that come out of New England.”
Stavropoulos began his career in 1979 as a rates analyst at Colonial Gas Company. Within two years, he assumed full responsibility for the company’s regulatory relations. He rapidly advanced through a series of leadership roles as Assistant Controller in 1982, Vice President of Rates and Planning in 1985, and Vice President and CFO in 1989. During this time, he led the teams responsible for significantly improving the company’s balance sheet and resolving its regulatory issues.
In 1995, Stavropoulos was elected Executive Vice President of Finance, Marketing and CFO at Colonial Gas – broadening his experience by directing the company’s marketing, customer service, information technology and financial functions. In this position, he led a six-year, company-wide initiative to improve customer service, reduce cost and fuel growth by implementing advanced technology. Due to the success of this initiative, Colonial emerged as the fastest-growing, lowest-cost gas distribution company in New England – a position which enabled the company to generate a significant shareholder return while holding the line on customer rate increases.
Following Eastern Enterprises’ acquisition of Colonial Gas in 1999, Stavropoulos was elected Senior Vice President – Marketing and Gas Resources. When KeySpan acquired Eastern Enterprises in 2000, Stavropoulos became Senior Vice President of Sales and Marketing in New England.
A strong advocate for volunteerism and youth mentoring programs, Stavropoulos is on the boards of the Boys and Girls Club of Greater Lowell, City Year Boston and the United Way of Massachusetts Bay where he co-chairs the 2004 fundraising campaign.
He is also on the board at Enterprise Bank and is a corporate member of the Boston Chamber of Commerce, Jobs for Massachusetts, the Massachusetts Taxpayers Foundation and the Merrimack Valley Economic Development Council.
Stavropoulos graduated from Bentley College in 1979 with a BS in Accounting. He earned his MBA from Babson College. A Natick, MA, resident, he is married and has two children.