Princeton, N.J., August 18, 2011 — Kirkland B. Andrews will join NRG Energy, Inc. as executive vice president and chief financial officer, effective September 6, from Deutsche Bank Securities, where he served as managing director and co-head of power and utilities–Americas.
Andrews succeeds Christian Schade who, as previously announced, is leaving NRG to return to the healthcare industry as executive vice president and chief financial officer of Omthera Pharmaceuticals Inc.
“We look forward to deriving the benefit of Kirk’s immense knowledge and deep experience in our industry,” said David Crane, NRG president and CEO. “Kirk’s expertise and the extensive work he has done with NRG over the past several years will be a tremendous asset to NRG as we seek to complete the simplification of our capital structure, optimize our capital allocation strategy and finance our industry-leading renewables and repowering program.”
Andrews joins NRG after a successful 15-year career in investment banking, first with Citigroup Global Markets, where he was Head of North American Power, and subsequently at Deutsche Bank. In his banking career, Andrews led multiple large and innovative strategic, debt, equity and commodities transactions, including advising NRG during its successful defense of Exelon’s takeover attempts during the 2008-2009 financial crisis.
Andrews graduated from Wake Forest University with a bachelor’s degree in philosophy, and received a MBA from the University of Virginia’s Darden School of Business.