Christopher P. Johns is Named President of Pacific Gas and Electric Company
July 02 2009 - 10:00AM
PR Newswire (US)
Promotion Elevates Parent Company's CFO to Utility Unit's Top
Executive Post SAN FRANCISCO, June 2 /PRNewswire-FirstCall/ --
PG&E Corporation (NYSE: PCG) announced today that Christopher
P. Johns, the Corporation's Senior Vice President and Chief
Financial Officer, has been selected to lead the company's utility
unit as President of Pacific Gas and Electric Company effective
August 1, 2009. (Photo:
http://www.newscom.com/cgi-bin/prnh/20090702/SF41504) As the
utility subsidiary's top executive officer, Johns will be
responsible for all aspects of Pacific Gas and Electric Company's
business, including electric and gas operations, customer care,
information technology, shared services and regulatory relations.
"Chris has consistently distinguished himself as an outstanding
leader at PG&E," said Peter A. Darbee, Chairman, CEO and
President of PG&E Corporation. "Particularly in his role as
Chief Financial Officer, Chris' contributions have been integral to
PG&E's success in achieving results on behalf of its customers,
shareholders and employees. His proven strength as a manager,
combined with his firm commitment to our company and our values,
make him an ideal candidate to lead Pacific Gas and Electric
Company." Johns will continue to report directly to Darbee, who has
been serving as the utility unit's chief executive since mid-2008
in addition to his roles at the holding company. Johns' promotion
enables Darbee to devote more of his time to strategic issues in
light of the significant evolution under way in the nation's energy
and environmental policies, which is defining new challenges and
opportunities important to the company and its customers. Utility
Chief Operating Officer Jack Keenan will continue to manage Pacific
Gas and Electric Company's operational activities, reporting
directly to Johns. Johns became Chief Financial Officer in 2005 and
has helped lead the company's implementation of one of the utility
industry's most extensive capital investment programs, as well as
successful efforts to realize opportunities for greater
efficiencies within the company's operations. Recently, his
organization has been highly successful in maintaining PG&E's
access to the capital markets amid the challenges of the global
financial crisis. Kent M. Harvey, currently Senior Vice President
and Chief Risk and Audit Officer, will succeed Johns as PG&E
Corporation Chief Financial Officer. Harvey's principal duties will
include overseeing all of the holding company's finance,
accounting, investor relations, risk management and audit
functions. He will report directly to Darbee. "Kent brings an
invaluable breadth of experience and expertise in financial
management to his new role," said Darbee. "Most significantly, his
strong track record of accomplishment includes having led
successfully the Corporation's risk and audit functions and having
served as Chief Financial Officer for Pacific Gas and Electric
Company. We are fortunate to have two such talented officers within
PG&E to accept these critical leadership roles." PG&E also
announced today that Nicholas Bijur, Senior Director, has assumed
Johns' responsibilities as Treasurer. Bijur previously was
Assistant Treasurer. Pacific Gas and Electric Company, a subsidiary
of PG&E Corporation, is one of the largest combined natural gas
and electric utilities in the United States. Based in San
Francisco, with 20,000 employees, the company delivers some of the
nation's cleanest energy to 15 million people in northern and
central California. For more information, visit pge.com/about
http://www.newscom.com/cgi-bin/prnh/20090702/SF41504
http://photoarchive.ap.org/ DATASOURCE: PG&E Corporation
CONTACT: PG&E External Communications, +1-415-973-5930 Web
Site: http://www.pge.com/
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