Calpine appoints Scott Davido chief financial officer

By Caroline Salls

Pittsburgh, Jan. 30 - Calpine Corp. appointed Scott Davido as chief financial officer effective Feb. 1, according to a company news release.

Davido most recently worked as executive vice president and president of the northeast region for NRG Energy, Inc.

Eric N. Pryor, who is interim CFO for Calpine, will return to his position as deputy CFO and chief risk officer.

"I am excited to be part of the new Calpine team, and look forward to developing and implementing a plan for Calpine to emerge from its restructuring with a strong balance sheet to complement its highly competitive core asset base," Davido said in the release.

"My top priorities will include completing Calpine's financial restructuring and helping set the company's new strategic direction."

Davido was chairman of the board of NRG Energy from May to December 2003 during its financial restructuring and was senior vice president, general counsel and secretary of NRG Energy from October 2002 through April 2004.

Before NRG Energy, Davido was with The Elder-Beerman Stores Corp.

Hi is currently is a member of the board of directors for Stage Stores, Inc. and Special Metals Corp.

Calpine, a San Jose, Calif., power company, filed for bankruptcy on Dec. 20. Its Chapter 11 case number is 05- 60200.

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