SAN FRANCISCO–(BUSINESS WIRE)–In connection with its expected emergence from Chapter 11, PG&E Corporation (“PG&E”) today announced the selection of a new Board of Directors upon emergence to help guide the company post-bankruptcy. The new Board will consist of 14 members, 11 of whom are new and will be officially appointed to join the Board at or prior to emergence from bankruptcy and following required bankruptcy court submissions. It is expected that the Board of Directors of utility subsidiary Pacific Gas and Electric Company will largely be the same as PG&E.
The changeover of the Board is part of PG&E’s efforts to transform into a stronger company in order to improve operations and safety and better serve its customers and communities. The 11 new Board members offer substantial expertise in key areas critical to the company’s work. These include utility operations and management, safety and environment, risk management, customer engagement, innovation and technology, regulatory affairs (state and federal), audit and finance, corporate governance, nuclear operations and decommissioning, and human capital and executive compensation. In addition, six of…
