BAR HARBOR — A woman who grew up in Bar Harbor and graduated from Mount Desert Island High School will soon be in charge of Maine’s largest energy company.
The board of directors of Dead River Company has named Deanna Swan Sherman president of the company effective January 1. She will follow President and CEO Robert Moore, who will step down next July.
Sherman first joined Dead River Company in 1986 and currently serves as vice president of the energy division. She is currently responsible for leading the operations, sales and marketing divisions. The company has more than 1,000 employees. Operating in four New England states, the company is privately held and does not disclose annual operating revenues.
“Deanna is well known and highly respected in our industry as someone who understands not only the complicated dynamics of the energy marketplace, but who also respects the needs and expectations of our customers,” Moore said in an announcement Wednesday.
“Her demonstrated leadership and keen business acumen have been integral to Dead River Company’s growth and success,” he said.
As president, Sherman, who currently lives in Gorham with her husband, will continue the company’s focus on growing its core business and its commitment to the communities it serves through charitable contributions and volunteerism.
“This is one of the most values-driven companies in New England,” she said. “Every one of our employees, from our drivers, to our technicians and customer service representatives, to our managers and our executives, considers it a privilege to serve our customers and support our communities.”
Sherman is a graduate of Colby College and received a master’s degree in business from the University of Southern Maine. She is a member of the board of directors at United Way of Greater Portland, Educate Maine and the Maine Energy Marketers Association.
Moore will remain on the Dead River Company board of directors following his retirement in July 2016. At that time, Sherman will become CEO.
Sherman praised Moore’s service both to the company and the wider community and pledged to preserve and strengthen that legacy. “I’m proud to be able to continue to uphold the company’s core values of integrity, caring and excellence and lead this company into the future.”
Sherman’s sister, Kim Swan of Bar Harbor, is owner of the Swan Agency Sotheby’s real estate. Her brother, Chris, a former insurance agency owner and property developer, along with her mother, June, and father, Cary, continue to reside in Bar Harbor.