Non-executive chairman Howard Cosgrove and independent director Edward Muller will retire from the board, and current director Lawrence Coben will succeed Cosgrove as chairman, while Bluescape Executive Chairman Charles John Wilder will join the board along with Barry Smitherman, former chair of t
The electricity generator said Monday that it reached an accord with the two hedge funds, which own a combined 9.4% stake in the company. Under the terms of the agreement, nonexecutive chairman Howard Cosgrove and independent director Edward Muller will retire from the board.
Date: Feb 13, 2017
Category: Business
Source: Google
NRG Energy To Buy GenOn Energy In $1.7 Bln All-stock Deal
NRG said it will retain GenOn's management team, with the combined entity being led by Crane. NRG's chairman Howard Cosgrove will retain his role, while GenOn's CEO Edward Muller will become vice chairman. Kirk Andrews will remain as CFO and Mauricio Gutierrez will serve as COO of the combined enti
GenOn will essentially be absorbed into NRG, which will retain both its name and its management team, led by its current chief executive, David Crane. NRGs current chairman, Howard Cosgrove, will retain that role, and GenOns chief executive, Edward Mullen, will become vice chairman.