PG&E Corp. elects new CEO, president

pg&e pge elp

As part of a leadership succession plan, the board of directors of PG&E Corp. elected Geisha Williams, 55, as CEO and president of PG&E Corp. Williams is currently president, electric of Pacific Gas and Electric Co., PG&E Corp.’s utility unit.

Tony Earley, Jr., 67, currently chairman, CEO and president of PG&E Corp., was elected to serve as executive chair of the PG&E Corp. board of directors.

In addition, Nickolas “Nick” Stavropoulos, 58, currently president, Gas of Pacific Gas and Electric Co., was elected to serve as president and COO of Pacific Gas and Electric Co.

The new roles are effective March 1, 2017. The currently separate roles of president for the gas and electric businesses are being consolidated into the single utility president role that will be held by Stavropoulos.

“Tony Earley has been a strong hand at the helm over the past five years and his deep industry experience has been invaluable to us as he guided PG&E to the goal of becoming a top industry performer. Under his leadership, PG&E implemented an integrated, risk-based planning process that provided a road map for making PG&E a safer, stronger energy company through a robust capital investment program, widespread process improvements and by instilling a strong safety culture. Tony also invested in PG&E’s human capital, attracting strong leaders to join and stay with PG&E and mentoring Geisha Williams and Nick Stavropoulos. Geisha and Nick are both exceptionally talented executives and we are pleased that they will carry on the work that Tony advanced so successfully,” said Barry Lawson Williams, independent lead director of the PG&E Corp. board.

Earley said, “I am very pleased with the decisions of the boards of directors to move forward with this planned succession. Geisha has demonstrated the performance and strategic vision to lead this organization into the future. She has a long track record of success with PG&E and in the industry. Under her leadership, PG&E has driven record-setting improvements in electric reliability year-over-year by transforming our electric grid with smart technology and by implementing an industry leading emergency response capability. As a result of these investments, Geisha's team restored power with record speed when an earthquake hit Napa in 2014. Geisha also understands the enormous changes that will be affecting our industry in the years ahead and has a vision for navigating these changes successfully. Nick, who will serve as president and COO of the utility, has successfully led a multi-billion-dollar investment in the safety of our gas system and strengthened PG&E’s safety culture, the success of which has earned the utility international recognition. Geisha and Nick both have the vision, operational focus and commitment to collaboration that will serve our customers, communities, employees and shareholders well. Above all, they have a shared and unequivocal commitment to the safety of the public and our employees and contractors.”

Ms. Williams said, “I am honored to have the opportunity to lead the extraordinary 23,000 employees of PG&E and to support their efforts to safely serve 16 million Californians. We are in a period of tremendous and accelerating change in our industry, driven by technology, competitive forces and public policy objectives around clean energy. We are well positioned for these changes and well positioned for growth with substantial infrastructure investments focused on continuing to enhance the safety and reliability of our system while enabling California’s clean energy economy.”

Stavropoulos said, “We set out five years ago to become the safest and most reliable energy company in America and we have made incredible progress toward that goal. When it comes to safety, the job is never done. I am absolutely committed to continuing this journey and to supporting the efforts of PG&E’s team members while achieving new levels of operational excellence and efficiency across the organization in order to provide safe, reliable, affordable and clean energy to our customers.”

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