As part of a leadership succession plan, the board of directors of PG&E Corporation elected Geisha Williams, 55, as Chief Executive Officer and President of PG&E Corp. Williams is currently President, Electric of Pacific Gas and Electric Company, PG&E Corporation’s utility subsidiary.
Tony Earley, Jr., 67, currently Chairman, CEO and President of PG&E Corporation, was elected to serve as Executive Chair of the PG&E Corp. Board of Directors. In addition, Nickolas (“Nick”) Stavropoulos, 58, currently President, Gas of Pacific Gas and Electric Company, was elected to serve as President and Chief Operating Officer of Pacific Gas and Electric Company.
The new roles are effective March 1, 2017. The currently separate roles of president for the gas and electric businesses are being consolidated into the single utility president role that will be held by Stavropoulos.
“Tony Earley has been a strong hand at the helm over the past five years and his deep industry experience has been invaluable to us as he guided PG&E to the goal of becoming a top industry performer. Under his leadership, PG&E implemented an integrated, risk-based planning process that provided a road map for making PG&E a safer, stronger energy company through a robust capital investment program, widespread process improvements and by instilling a strong safety culture,” said Barry Lawson Williams, independent lead director of the PG&E Corporation Board.
Earley said, “I am very pleased with the decisions of the Boards of Directors to move forward with this planned succession. Geisha has demonstrated the performance and strategic vision to lead this organization into the future. She has a long track record of success with PG&E and in the industry. Under her leadership, PG&E has driven record-setting improvements in electric reliability year-over-year by transforming our electric grid with smart technology and by implementing an industry leading emergency response capability.”
Early also credited Williams’ leadership and team effort in restoring power “with record speed” when an earthquake hit Napa in 2014. He said that both Williams and Stavropoulos has the vision, operational focus and commitment to collaboration will serve customers, communities, employees and shareholders.
Williams said she was honored to lead PG&E with its 23,000 employees and 16 million customers in California.
“We are in a period of tremendous and accelerating change in our industry, driven by technology, competitive forces and public policy objectives around clean energy,” Williams added. “We are well positioned for these changes and well positioned for growth with substantial infrastructure investments focused on continuing to enhance the safety and reliability of our system while enabling California’s clean energy economy.”