PG & E Announces the Appointment of a New Executive Director and the Appointment of 10 New Members to the Board of Directors



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PG & E has named William "Bill" Johnson as CEO and President and appointed 10 new directors to its Board of Directors.

In his article on Twitter, PG & E mentioned that the new leadership would focus on improving the culture of safety and operational excellence.

In PG & E's statements, appointments to the Board of Directors will come into effect at the next meeting of the Board in person.

According to the company, the changes in management Reflect PG & E focuses on strengthening its culture of safety and operational efficiency and on the success of the Chapter 11 process of the company. "

For more information on Bill Johnson, PG & E has posted this information about him on his website:

Bill Johnson has more than six years as President and Chief Executive Officer of the Tennessee Valley Authority (TVA). He is responsible for leading the country 's largest public utility in its mission to provide energy, environmental stewardship and sustainable economic development. state region.

By the time Mr. Johnson worked at TVA, the organization achieved the best safety record in 85 years and has always been a leader in security in the utilities sector. During the same period, Mr. Johnson led the decommissioning of more than half of TVA's coal production, which reduced TVA's carbon emissions by about 50% over the course of the year. last decade. He was responsible for producing more than 50% of the VAT energy from non-greenhouse gas sources. He has also overseen the development of TVA in large-scale solar energy in recent years, with the addition of approximately 1,000 megawatts (MW), and has continued modernizing its hydroelectric assets to increase overall amount of renewable resources. TVA's renewable energy portfolio includes nearly 2,400 mW of wind and solar power and 5,800 mW of hydroelectric capacity.

Prior to this position at TVA, Mr. Johnson was Chairman, President and Chief Executive Officer of Progress Energy. During his career in the electric utility industry, Johnson has worked closely with elected officials and other community leaders to provide safe and reliable electricity to millions of customers. The Board expects Mr. Johnson to take office at the end of April 2019.

The PG & E Board of Directors said: "We are pleased to announce that Bill Johnson will be the new CEO and President of PG & EM Johnson brings considerable safety and operational expertise through his long career in the energy sector. With more than a decade of experience in leading two large utility companies, Mr. Johnson has extensive knowledge of risk management and customer safety accountability. More recently, as President and CEO of the Tennessee Valley Authority, he was responsible for leading the country's largest public utility in its mission to provide energy, environmental management and development. in a region of seven states. We believe that Mr. Johnson is the right leader for PG & E as we work to strengthen our safety culture and navigation in a complex and challenging time in our company's history. "

Mr. Johnson said, "PG & E's 24,000 employees are clearly committed to this state and are committed to providing safe, reliable, affordable and clean energy to 16 million Californians. I am honored to take up this new challenge and I am determined to meet the high expectations of our customers, regulators and legislators for PG & E. While the challenges that PG & E and California face are important, Working together, we will overcome them to best serve the interests of our clients, their families and the communities we serve. It starts with a strong commitment to providing safe and reliable food. "

Reflecting his absolute commitment to safety, more than half of Johnson's performance pay will be directly related to performance and safety measures, which, according to PG & E, far exceed industry standards.

PG & E's board continued, "We appreciate the calm and firmness that John Simon has shown as acting CEO. Simon's stewardship has allowed the company to focus on public safety and has allowed the board to conduct its refresh process to meet PG & E's future needs. "

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