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On Feb. 21, Dynegy named independent board member David Biegler as interim president and chief executive officer after a buyout offer of $5.50 a share from Carl Icahn failed to win shareholder approval.
The company said that David Biegler, currently an independent Dynegy director, will assume the post of interim president and CEO, and Patricia A. Hammick, currently its lead director, will serve as chairwoman temporarily.
Date: Feb 22, 2011
Category: Business
Source: Google
Dynegy CEO to Resign After Shareholders Reject Icahn's Bid
Williamson, 51, and Chief Financial Officer Holli Nichols,40, will resign their management posts effective March 11,Houston-based Dynegy said today in a statement. Patricia A. Hammick, 64, who headed a board of independent directorsreviewing the Icahn bid, succeeds Williamson as chairman, thecompany said. Board member David Biegler, 64, will becomeinterim CEO.