PPL Global, a subsidiary of PPL Corp. (NYSE: PPL), announced Tuesday (2/15) that Stephen J. Feerrar, PPL Global's vice president and chief financial officer, is resigning from the company for personal and family reasons.

"We appreciate Steve's efforts in helping to build PPL Global into an important player in the worldwide energy business," said Paul T. Champagne, PPL Global president. "We wish him well in his future endeavors."

While a decision is being made concerning a replacement for Feerrar, Champagne said that Stephen C. May, Global's director-Project Finance, will have responsibility for Global's financial matters.

Based in Fairfax, Va., PPL Global is the international and development arm of PPL Corp. PPL Global recently completed the acquisition work on more than 1,300 megawatts of generating capacity in Montana. PPL Global subsidiaries operate companies in the United Kingdom, Chile, Bolivia and El Salvador that delivers electricity to more than 2 million customers.

PPL Corp. is a Fortune 500 energy company with headquarters in Allentown, Pa. The company delivers electricity and natural gas to more than 1.3 million customers in Pennsylvania; sells wholesale and retail energy in 43 U.S. states and Canada; and generates electricity at power plants in Pennsylvania, Montana and Maine.