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Mirant appoints Michele Burns chief restructuring officer
Pittsburgh, Aug. 26 - Mirant Corp.'s board of directors appointed M. Michele Burns, 46, chief restructuring officer, according to a company news release.
She will be the company's primary representative in the bankruptcy process.
Burns will also continue in her role as executive vice president and chief financial officer. She and her team will continue to develop the company's plan of reorganization and capital structure and prepare the company to emerge from Chapter 11, the release said.
"Michele has the full confidence of our board of directors and bankruptcy committees," chief executive officer Marce Fuller said in the release. "Assuming that we continue with the progress we've made in our restructuring and Mirant's bankruptcy committees accept our plan of reorganization, the company should emerge from Chapter 11 in the first half of 2005."
Since her arrival in May, Burns has also been building a finance team to position the company for emergence from Chapter 11 and more fully enable her to lead the company's restructuring.
Lamar Chesney, 55, joined the company as senior vice president of finance last week, according to the release. He will lead Mirant's supply chain management and international finance functions and prepare the company for emergence from bankruptcy.
Prior to joining Mirant, Chesney held various executive finance positions with Delta Air Lines and The Coca-Cola Company.
Terry Thompson, 31 joined Mirant in June as vice president of restructuring. Thompson's focus is on the development of the plan of reorganization and working with the various committees associated with Mirant's Chapter 11 case.
The company filed for bankruptcy on July 14, 2003. Its Chapter 11 case number is 03-46590.
Mirant is an Atlanta energy company.
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