Tenaska Capital Management, LLC (TCM) today announced the promotion of Dan Lonergan to CEO effective Dec. 1.

OMAHA, Neb. – Tenaska Capital Management, LLC (TCM) Lonergan will replace Paul Smith, who will relinquish the CEO role to focus on TCM strategic initiatives. Smith will continue to serve as a senior managing director of TCM, chairman of the TCM Investment Committee, vice chairman of Tenaska Energy, Inc. and as a member of the Tenaska Board of Stakeholders. Smith and Lonergan were instrumental in founding TCM in 2002.

Lonergan is a member of the TCM Investment Committee and Tenaska Board of Stakeholders. He has over 25 years of experience in the energy and power industries in finance, strategic planning, business development, financial reporting and administration. Lonergan joined Tenaska in 1997 as a vice president in the finance division, where he was responsible for various project finance, corporate finance and equity sourcing activities.

Lonergan and Smith said they are pleased with the opportunity to continue to work together providing leadership for TCM’s existing active power and midstream portfolio while contributing to a stable foundation for future growth.