PG&E CEO Steps Down Amid Reports of Impending Bankruptcy Notice

By [email protected] Pacific Gas & Electric announced Sunday evening that CEO Geisha Williams will step down amid the fallout from a spate of deadly wildfires that may have brought the California utility to the brink of bankruptcy.

John Simon, PG&E’s executive vice president and general counsel, will serve as interim CEO as the board searches for a new leader.

“While we are making progress as a company in safety and other areas, the Board recognizes the tremendous challenges PG&E continues to face,” said Board Chair Richard Kelly, in a statement.

Kelly said the board will look for a new CEO with extensive operational and safety

Read Full Article Here

For more great articles: Greentech Media: Headlines

(Visited 1 times, 1 visits today)

Comments

comments



© 2014 RenewaNews