SMUD CEO & General Manager Paul Lau has named Scott Martin SMUD’s new Chief Financial Officer, effective January 27. Martin replaces Jennifer Davidson who’s retiring after six successful years as CFO and more than 17 years at SMUD.
Martin currently serves as SMUD’s Chief Strategy Officer, overseeing enterprise-wide strategies to achieve SMUD’s ambitious goal of eliminating carbon emissions by 2030. Martin also has responsibility for resource strategy, revenue strategy/rates, customer and grid strategy, and enterprise prioritization.
“Scott brings more than 22 years of utility industry leadership to the CFO role, including more than a decade in SMUD’s CFO organization where he led numerous enterprise financial functions,” said Lau. “He played a pivotal role in shaping and guiding SMUD’s ambitious 2030 Zero Carbon Plan, which we’re delivering on without compromising SMUD’s world-class reliability, or low rates, which continue to be among the lowest in California.”
As SMUD’s new Chief Financial Officer, Martin will lead the Finance and Strategy business unit, which includes Planning and Pricing, Treasury and Commodity Risk Management, Accounting, Enterprise Strategy and Risk, and Enterprise Prioritization and Performance.
For the past 22 years, Martin has held various senior leadership positions at SMUD. Prior to becoming Chief Strategy Officer in 2021, Martin was the director of Resource Planning, Pricing and Energy Risk Management, with responsibility for managing SMUD’s commodity budget and risks, developing retail pricing and revenue forecasting, and developing resource plans that meet SMUD’s reliability, customer and financial goals. He previously served as director of Resource Strategy and New Business Development and has had responsibility for customer programs, short and long-term financial strategy, price risk management and large scale resource development.
Martin holds a Bachelor of Arts in Economics from the University of California, Berkeley and a Master of Arts in Economics from the University of Nevada, Las Vegas.
As the nation’s sixth-largest, community-owned, not-for-profit electric service provider, SMUD has been providing low-cost, reliable electricity to Sacramento County for more than 75 years. SMUD is a recognized industry leader and award winner for its innovative energy efficiency programs, renewable power technologies and for its sustainable solutions for a healthier environment. Today, SMUD’s power supply is on average about 50 percent carbon free and SMUD has a goal to reach zero carbon in its electricity production by 2030. For more information on SMUD’s Zero Carbon Plan and its customer programs, visit smud.org.