Westar has Little to Say About Former CEO's Conviction

By: AP
By: AP

Westar Energy has little to say about the convictions of two former executives on federal fraud charges.

A jury convicted former Chief Executive Officer David Wittig on 39 counts. Former Chief Strategic Officer Douglas Lake was found guilty on 30 counts.

Spokeswoman Karla Olsen said Westar officials were following the two men's trial and would continue to watch the case.

But she said the company had no other reaction, other than to note that both Wittig and Lake left late in 2002.

After that, Westar abandoned Wittig's strategy of diversifying the company, by selling off non-utility assets and reducing its debt.

Westar is the state's largest electric utility, with 659,000 customers.


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