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After two very disastrous fire seasons in California, PG&E CEO to leave her post with utility on the brink of bankruptcy

Posted By: NaturalWisdom
Date: Wednesday, 13-Jan-2021 05:51:57
www.rumormill.news/115282

Wonder what the PG&E CEO will receive as part of her severance package?

PG&E CEO to Leave With Utility at Brink of Bankruptcy
By Mark Chediak and Kiel Porter | Bloomberg
January 13, 2019

[snip]

* Williams exiting after almost two years at helm of company
* Departure comes amid specter of bankruptcy, regulator threats

PG&E Corp. Chief Executive Officer Geisha Williams is leaving as California’s largest utility owner nears potential bankruptcy.

The San Francisco-based company has begun a search for a new CEO following Williams’ departure, according to a statement issued Sunday. PG&E general counsel John Simon will take the helm in the meantime. Williams, 57, took over as CEO in March 2017 and is leaving after a catastrophic three months for PG&E.

“I will be leaving PG&E,” Williams said in a separate email, without providing a reason for her departure. “I value the opportunity I’ve had to lead PG&E and wish all of my colleagues well.”

The company has seen two-thirds of its market value wiped out since November’s Camp Fire -- the deadliest wildfire in California’s history.


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Articles In This Thread

After two very disastrous fire seasons in California, PG&E CEO to leave her post with utility on the brink of bankruptcy
NaturalWisdom -- Wednesday, 13-Jan-2021 05:51:57
SEP 21, 2018, weeks before the #CampFire: "Californians' utility bills could reflect fire costs under law signed by outgoing Gov. Brown"
NaturalWisdom -- Wednesday, 13-Jan-2021 05:51:57

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AN EXPLANATION OF THE FACTIONS