John Di Stasio, general manager and chief executive officer of the Sacramento Municipal Utility District, plans to retire next year.
Di Stasio privately told the SMUD board of directors on Thursday that he would step down as head of the sixth-largest customer-owned utility in the United States. His decision was announced publicly on Friday.
In an unrelated matter, the SMUD board voted Thursday to approve separate rate increases of 2.5 percent in 2014 and 2015 for residential electricity customers, a spokesman said.
A SMUD veteran, Di Stasio joined the district in 1981. He was appointed in 2008 to succeed Jan Schori as CEO.
"John has provided excellent leadership in his tenure as SMUD's chief executive and in his more than 30 years at the company," board President Bill Slaton said in a written statement.
"John guided this company through the rough patches of a struggling economy, especially locally. ... His leadership will be dearly missed."
Before being named general manger and chief executive officer, Di Stasio spent eight years as assistant general manager for energy delivery and customer service. He led SMUD to a series of industry awards for customer satisfaction.
He previously served as director of distribution services and manager of supply chain services. He joined SMUD as a buyer for the purchasing department.
"We have a strong executive management team that is focused on the needs of the customer, the community and the company's role in our region," Di Stasio said in a written statement Friday. "SMUD's in good hands and well positioned for the future."
Di Stasio is a University of San Francisco graduate and senior fellow of the American Leadership Forum. He is the owner of Di Stasio Vineyards in Amador County.
His last day at SMUD will depend on when a successor is chosen, a spokesman said. The SMUD board is beginning the process of choosing a new general manager, officials said.
Di Stasio recommended the twin rate increases approved Thursday by the SMUD board. The changes, which were discussed at dozens of public workshops, are expected to add $2 to $4 to the average residential monthly bill of $91.92, based on 750 kilowatts of usage, officials said.
Call The Bee's Robert D. Dávila, (916) 321-1077. Follow him on Twitter @bob_davila.