PG&E selects 11 new directors for board, positions for emergence

Chicago, June 10 – PG&E Corp. announced 11 new directors for its board of directors and the retirement of 10 of the 13 current members, including the board chair.

The new board will have 14 members, to be officially appointed at or prior to emergence from bankruptcy and following bankruptcy court submissions.

It is expected that the board of directors of utility subsidiary Pacific Gas and Electric Co. will largely be the same as PG&E.

The 11 new board members offer expertise in areas critical to the company’s work, including 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.

Six of the 11 new directors are from California.

The new board will be comprised of the following members: Rajat Bahri, Cheryl Campbell (existing), Kerry Cooper, Jessica Denecour, Admiral Mark Ferguson, Bob Flexon, Craig Fugate, Arno Harris, Mike Niggli, Dean Seavers, Bill Smith (existing), Dara Treseder, Ben Wilson and John Woolard.

The electric and natural gas utility is based in San Francisco. The company filed bankruptcy on Jan. 29, 2019 in the U.S. Bankruptcy Court for the Northern District of California under Chapter 11 case number 19-30088.

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