Executive Vice President and CEO
Bill Cherrier was named Central Iowa Power Cooperative’s Executive Vice President and CEO
in October, 2017. He joined the organization with 35 years of experience in the utility industry, most recently serving as Chief Planning and Finance Officer for Colorado Springs Utilities. Prior positions include Manager of Finance and Development at Alliant Energy Generation, and General Manager, Generation Business Operations, at IES Industries, both located in Cedar Rapids, Iowa.
While at Colorado Springs Utilities, Bill lead the acquisition of a 480MW combined-cycle gas power plant, leading to the only rate decrease for CSU’s roughly 227,000 electric customers in recent history. He was an integral part of the executive team driving a $1 billion water supply project. He also created the Office of Economic Development, leading all regional economic development efforts for CSU.
Throughout his career, Bill has been actively engaged in the communities in which he has lived and worked. Some of these roles include as the Board Chairman of the YMCA for the Pikes Peak Region, and the Board of Directors for Care and Share Food Bank, both in Colorado Springs. Additionally, he served on the Board of Directors for Cedar Rapids Metropolitan YMCA and was a board member for Hillcrest Family Services in Cedar Rapids. Both these positions earned him Volunteer of the Year awards respectively.
Bill earned his bachelor’s degree in accounting from Loras College in Dubuque, Iowa, and he is a certified public accountant. He has three grown children: Sarah (Isaac) in Indianapolis; Christy (Kristian) in Seattle; and Nick in Cedar Rapids, and one grandson, Mason. In his free time, Bill enjoys running, cycling, building and racing bikes. He currently lives in West Des Moines with Mary, his wife of 25 years.
Vice President Utility Operations
Dan Burns assumed the role of Vice President of Utility Operations in 2018. Dan and his team are responsible for the planning, engineering and operation of CIPCO’s generation and transmission system. They are also responsible for CIPCO’s safety and compliance programs, as well as the segmented ownership of railroad and pipeline assets.
Dan started his career at CIPCO in 1992 as a planning engineer. His knowledge of CIPCO’s transmission system comes from many years of performing transmission studies to ensure CIPCO’s system has the capacity to meet the needs of its members. He has been involved with many aspects of CIPCO’s business including the interconnection of wind and solar generation, determining the upgrades necessary to serve pumping stations, ethanol plants, and a steel mill, arranging transmission ties with other utilities, developing capital programs, drafting construction work plans, serving on power pool committees, being a subject matter expert for NERC compliance standards, calculating available transmission capacity, arranging transmission service for power purchases, administering CIPCO’s open access tariff, drafting operating guides, conversion planning, and helping negotiate various agreements such as interconnection agreements, operating agreements, maintenance agreements, facility agreements and power purchase agreements.
During his more than 25 years at CIPCO, Dan has witnessed many industry changes, including the changes that brought open access to transmission and the development of energy markets, both of which had major impacts on CIPCO. His focus has always been to provide the most reliable electric service to CIPCO’s members at the lowest possible cost. Dan’s experience and vision will help strategically position CIPCO to take advantage of the many challenges the industry will face in the future.
Dan received his Bachelor of Science degree in Electrical Engineering from Iowa State University and is a licensed Professional Engineer in the state of Iowa.
Vice President Information Technology
Paul Hofman began his career with CIPCO in 2012 as Vice President Information Technology. As leader of the IT team, he oversees and executes the development, implementation, and ongoing maintenance of new technology; security and business policies for the Information Technology structure; and ensures compliance with all laws and regulations. This safeguards the IT integrity and effectiveness for individual departments and CIPCO, keeping in alignment with CIPCO’s strategic plan, enabling the cooperative to successfully meet its short and longer term goals.
He has 25 years’ experience in the IT field focused on IT partnering with the business to meet business needs across several industries: manufacturing, insurance, financial services, investments, and now utilities. Prior to joining CIPCO, Paul was at Aviva.
Paul graduated with high honors from Northwestern College in Orange City, Iowa with a Bachelor of Arts Degree in Computer Science.
Andrew St. John
Vice President and Chief Financial Officer
Andrew St. John joined the CIPCO Leadership Team in 2016. As Vice President and Chief Financial Officer, he is responsible for overseeing the accounting and finance operations of CIPCO, financial risk mitigation, and investment strategy and portfolio oversight. In addition, Andrew oversees the financial activities of subsidiary organizations and serves as Vice President and Manager of CMA Ventures, Inc., a private investment firm wholly-owned by CIPCO with a mission to make profitable and strategic growth capital investments in the Midwest, with a preference for Iowa-based companies.
Prior to joining CIPCO, Andrew was an Audit Manager with Deloitte & Touche, LLP. He brings a wealth of experience in the Power and Utilities industry, with an emphasis on complex investments, regulatory and compliance reporting, renewable energy, intricate power purchase agreements, and mergers and acquisitions. Andrew’s past experience also includes managing financial forecasting and reporting operations for a fast-growing technology company.
Andrew is an Iowa licensed CPA and member of the American Institute of Certified Public Accountants and the Iowa Society of Certified Public Accountants. He also serves on the Board of Directors of Junior Achievement of Central Iowa.
Andrew earned his Bachelor of Arts Degree in Accounting from the University of Northern Iowa.
Vice President Member Relations
As Vice President of Member Relations, Dawn Sly-Terpstra leads a team responsible for the strategic direction, development, and management of communications programs and services for CIPCO. This includes focusing on customer experience research for internal and external communication programs, targeted product and service messaging, brand management for CIPCO and with member systems, upon request, plus working with statewide affiliates, and regional and national representatives. In addition, she and her staff support media, public relations, public policy, events, paid media, and communications programing for the cooperative and its member systems. They also provide support for community outreach and for activities supporting corporate citizenship and industry relations.
Prior to joining CIPCO in 2018, Dawn was Assistant Vice President of Marketing and Customer Experience at Grinnell Mutual. She helped steer the company’s top-to-bottom rebranding project, the first in several decades. She also built a digital content marketing program, including a comprehensive social media presence, and created a customer experience team. During her career she has served in marketing and communications roles for an agricultural cooperative, political campaigns, and the media.
She currently serves as a mentor with the Global Insurance Accelerator and the Iowa AgriTech Accelerator.
She graduated with honors from Iowa State University with Master of Science and Master of Arts degrees.
Vice President Human Resources
As Vice President of Human Resources, Memorea Schrader leads a team responsible for the strategic direction, management, and development of CIPCO’s employees. This includes focusing on attracting, retaining, and developing top talent.
Memorea and her team provide vision, leadership, and direction for the human resources activities of CIPCO including strategy development, culture and change management, talent management/succession planning, organizational design and development, recruitment and retention, employee engagement, performance management, employee/labor relations, total rewards, training and development, policy development, and employment law compliance.
Memorea joined CIPCO in 2013 as Human Resources Generalist. In this role, she provided consultation and support to managers and employees in all areas of human resources. She also developed and implemented strategies to prepare the cooperative for the next-generation workforce. She was promoted to Director in 2018.
Prior to joining CIPCO, Memorea worked in human resources roles in the healthcare industry. She held positions with ARAMARK Healthcare, Manorcare Health Services, and Genesis Health System.
She is actively involved in the Iowa Energy Workforce Consortium and served as co-chair from 2016-2017.
Memorea earned her Bachelor of Arts degree in Business Management from the University of Northern Iowa and Master of Science in Adult Learning and Organizational Performance from Drake University. She is a graduate of Leadership Iowa.