Leo P. Denault Joins PG&E Boards, Enhancing Leadership Strategy

Leo P. Denault Appointed to PG&E Boards of Directors

PG&E Corporation (NYSE: PCG) has officially welcomed Leo P. Denault to its Boards of Directors, which includes both PG&E Corporation and its subsidiary, Pacific Gas and Electric Company. This strategic move is set to take effect soon as the company aims to elevate its operational and financial performance.

Experience and Leadership Background

Leo P. Denault comes to PG&E with a wealth of experience in the utility sector, having served as the Chairman and Chief Executive Officer of Entergy Corporation from 2013 to 2022. During his tenure, he played a pivotal role in transforming Entergy into a leading utility provider, known for its commendable energy portfolio and strong commitment to sustainability. His profound understanding of clean energy solutions is expected to be a tremendous asset to PG&E.

Denault's leadership at Entergy was marked by significant investments aimed at enhancing the reliability and resilience of the energy infrastructure. He prioritized financial stability while streamlining operations and managing costs effectively. His extensive background in the sector is anticipated to help PG&E navigate its ongoing challenges while improving service quality for its customers.

Support from PG&E Leadership

Kerry Cooper, the Chair of the Board of PG&E Corporation, expressed enthusiasm about Denault's appointment, stating that his decades of executive experience will prove invaluable in advancing the company’s operational and financial objectives. Denault's proficiency in the utility field aligns with PG&E's goals of providing safe and reliable energy to its vast customer base of over 16 million Californians.

Denault's Commitment to PG&E

Denault himself conveyed his excitement about joining PG&E's Boards, expressing eagerness to support CEO Patti Poppe and her management team in their ongoing mission. He emphasized the importance of adapting the company's strategies to meet the evolving energy needs of their customers. His commitment to excellence in customer service is clear in his statements, showcasing a deep respect for the role PG&E plays in the lives of millions.

Current Engagements and Influence

In addition to his new role at PG&E, Denault holds positions on various other boards, reflecting his prominent stature in the energy and utility industries. He is currently a board member at Huntington Ingalls Industries and serves as a Senior Advisor at ArcLight, a significant infrastructure investment firm focusing on power and utility sectors. His diverse experience includes pivotal roles that span across energy portfolios, demonstrating a strong, ongoing influence in the industry.

Educational Background

Denault has an impressive educational background, holding an MBA from Indiana University and a bachelor’s degree in economics and accounting from Ball State University. This foundation enables him to merge financial acumen with his extensive operational experience, further benefitting PG&E’s strategic direction.

About PG&E Corporation

PG&E Corporation (NYSE: PCG) stands as a prominent entity in the energy sector, headquartered in Oakland, California. It serves as the parent company of Pacific Gas and Electric Company, catering to the energy needs of 16 million residents across a sprawling 70,000-square-mile service area in Northern and Central California. The dedication to providing sustainable, reliable energy solutions positions PG&E as a key player in tackling the state's energy challenges.

With the incorporation of leaders like Leo P. Denault, PG&E is poised for a future of enhanced operational effectiveness and commitment to its customers, paving the way for innovations in energy service delivery tailored to a dynamic market.

Frequently Asked Questions

Who is Leo P. Denault?

Leo P. Denault is the former Chairman and CEO of Entergy Corporation and has been appointed to the Boards of Directors of PG&E Corporation and Pacific Gas and Electric Company.

What positions did Denault hold at Entergy?

Denault served as Chairman and CEO of Entergy Corporation, leading the company in creating a sustainable and reliable energy portfolio. He also held positions such as Executive Vice President and Chief Financial Officer.

When will Denault's appointment to PG&E boards take effect?

Denault's appointment to the Boards of PG&E Corporation and its subsidiary will take effect on February 19, 2025.

What is PG&E Corporation known for?

PG&E Corporation is known for being a major utility provider in California, serving over 16 million customers with a commitment to safety and reliable energy services across a vast territory.

What is the significance of Denault's appointment?

Denault's appointment is expected to enhance PG&E's operational efficiency and commitment to financial stability, leveraging his extensive experience in the utility sector.

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