David Frankenberg has been named vice president and CFO of Arkansas Electric Cooperative Corp. and Arkansas Electric Cooperatives Inc., effective Jan. 1.
He succeeds Michael Henderson, who is retiring after 36 years of service with AECC and AECI.
Frankenberg has more than 20 years of experience in accounting and finance, including more than 12 years in the utility industry.
Most recently, he served as the director of enterprise forecasting and financial planning for Tennessee Valley Authority, operator of the nation’s largest public power system and power supplier to a population of approximately 10 million people. While at TVA, Frankenberg held additional director-level roles covering areas such as technical accounting, enterprise risk management, Sarbanes-Oxley internal controls compliance, operational accounting and budgeting, and Securities and Exchange Commission reporting.
He has also held financial leadership roles in the mining and pharmaceutical industries subsequent to his time in public auditing.
Frankenberg has several certifications as well. He is a certified public accountant, and he earned his master’s and bachelor’s degrees in accounting from the University of Tennessee.