PG&E Corp is close to naming a new chief executive officer and revamping its boa...
- PG&E Corp is close to naming a new chief executive officer and revamping its board backed by some of its largest investors, the Wall Street Journal said on Saturday, as the power utility restructures after filing for bankruptcy because of potential liabilities from California wildfires.
Bill Johnson, who is set to retire as head of the Tennessee Valley Authority in April, is the front-runner to get the job of PG&E’s new CEO, the Journal reported. Johnson’s new role, which could also be announced next week, has not yet been finalized and other candidates were still being interviewed, the newspaper added.
TVA did not have an immediate comment, while PG&E did not respond to a request for comment on Saturday.
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