The CRO road

A company-wide understanding of risk has never been more important for energy firms. Kevin Foster talks to three chief risk officers about their role and how it is changing

The upheavals in the energy trading sector are forcing many companies to re-assess their understanding of enterprise-wide risk, and chief risk officers are increasingly finding themselves on the front line.

Scott Smith, chief risk officer (CRO) at American Electric Power (AEP) in Columbus, Ohio, says the role has become more high-profile over the past two years. “Market events – such as the California crisis, Enron and its effect on the energy sector and even September 11 – have increased the

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