PG&E Corporation (PCG, Financial) has announced a significant change in its board leadership. On October 11, 2024, Robert C. Flexon, who has been serving as the Chair of the Board of PG&E Corporation, notified the company of his decision to resign from the board, effective October 31, 2024. Mr. Flexon is stepping down to assume the role of Chief Executive Officer at another utility company.
Following Mr. Flexon's resignation, the board of PG&E Corporation will comprise 13 members, while the board of its subsidiary, Pacific Gas and Electric Company, will consist of 14 members. In response to this transition, the board has appointed Kerry W. Cooper as the new Chair of the Board of PG&E Corporation, effective immediately upon Mr. Flexon's departure.
It is important to note that Mr. Flexon's resignation is not due to any disagreement with PG&E Corporation or its subsidiary regarding their operations, policies, or practices. This leadership change is part of a strategic transition as the company continues to focus on its operational goals and commitments to stakeholders.
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