PG&E Corp (NYSE:PCG) disclosed in a recent SEC filing that Robert C. Flexon, Chair of its Board and a member of the Board of Pacific Gas and Electric Company, will resign effective October 31, 2024. Flexon's departure is due to his acceptance of a Chief Executive Officer position at another utility company.
The utility giant, based in Oakland, California, stated that Flexon's resignation is not due to any disagreements with the company's operations, policies, or practices. Following Flexon's departure, the PG&E Corporation Board will comprise 13 members, while the Utility Board will have 14 members.
Kerry W. Cooper has been appointed as the new Chair of the PG&E Corporation Board, with her tenure set to begin immediately upon Flexon's resignation.
This executive change comes at a time when the company is navigating through a dynamic and challenging energy market. PG&E Corp and its subsidiary, Pacific Gas and Electric Company, are central players in the energy sector, particularly within their home state of California.
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