Alabama's premiere economic development organization has named a veteran Alabama Power executive as its new president.
The board of directors for the Economic Development Partnership of Alabama elected Steve Spencer as president on Wednesday, Feb. 17.
Spencer replaces Bill Taylor, who is retiring after nearly seven years as EDPA president.
“We are thrilled that Steve has agreed to take on this vitally important position,” EDPA Chairman Mark Crosswhite, president and CEO of Alabama Power, said in a news release.
“Steve has been actively involved in economic development in Alabama for decades, and he brings a wealth of knowledge, experience and leadership skills to the organization," Crosswhite said.
“I am excited to be joining the extraordinary team at EDPA,” Spencer said. “They are making a difference every day in promoting Alabama as a great place to do business. I look forward to doing what I can to support them and to contribute to their success.”
Spencer joins EDPA after serving as executive vice president of Alabama Power, where he was responsible for all operations that touch Alabama Power’s 1.4 million customers, including economic development.
Before taking over as EDPA president, Taylor served as president and CEO of Mercedes-Benz U.S. International in Vance. He was a key figure in the start-up of the Alabama plant and became president of the company in 1999.
“My time at EDPA has been a rewarding experience,” Taylor said. “I have had the opportunity to work with dedicated team members who strive every day to make Alabama a leader in business attraction and expansion.”
Spencer takes over as president on April 1.
A native of Birmingham, Spencer graduated from Woodlawn High School, according to a news release from the EDPA.
He has a bachelor’s degree in psychology from Auburn University and completed the Executive Finance and Accounting Program at the Wharton School at the University of Pennsylvania, the release states.
EDPA is a private non-profit organization supported by more than 60 corporate partners across the state. Its focus is to help Alabama attract and retain industry by marketing and promoting the state as a business location.
The partnership has been a key player in recruiting large and small companies that have added thousands of jobs. The companies EDPA has helped recruit to Alabama includes Mercedes Benz U.S. International, Boeing, Honda, ThyssenKrupp, Hyundai and Airbus.
Copyright 2016 WBRC. All rights reserved.