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Customer-Oriented Executive and Board Member Kerry Cooper to Succeed Robert Flexon as Chair of PG&E Corporation Board of Directors

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PG&E (NYSE: PCG) announced that Kerry Cooper will succeed Robert Flexon as Chair of the Board of Directors, effective October 31, 2024. Flexon, who has been on PG&E boards since 2020, is leaving to take a CEO role at another utility company. Cooper, a board member since 2020, brings extensive experience in customer-oriented leadership roles, including CEO at Choose Energy and executive positions at Rothy's, Walmart, and Levi Strauss.

Cooper holds a BS in mechanical engineering from the University of Texas at Austin and an MBA from Harvard University. She is a Northern California resident and PG&E customer. CEO Patti Poppe expressed gratitude for Flexon's contributions and confidence in Cooper's ability to lead the company towards improved customer outcomes and trust.

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Positive

  • Appointment of Kerry Cooper as new Board Chair with extensive customer-oriented leadership experience
  • Smooth transition in leadership with internal candidate familiar with the company
  • New Chair has diverse industry experience including energy, retail, and technology sectors

Negative

  • Departure of current Board Chair Robert Flexon to a competitor utility company
  • Potential disruption in board leadership continuity

News Market Reaction 1 Alert

+0.84% News Effect

On the day this news was published, PCG gained 0.84%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

OAKLAND, Calif., Oct. 15, 2024 /PRNewswire/ -- PG&E Corporation (NYSE: PCG) announced today that effective October 31, 2024, current Board Chair Robert Flexon is taking a Chief Executive Officer role at another utility company and consequently will be leaving the PG&E Corporation and Utility Boards. He has been on both PG&E boards since 2020 and earlier served as President and Chief Executive Officer at Dynegy Inc.  

"On behalf of the Boards of Directors, I want to say how grateful we are for Bob Flexon's expertise and dedication—and his love of PG&E—as we've worked to reinforce our foundation of gas and electric safety and prepare for the future of energy for our customers," said PG&E Corporation Chief Executive Officer Patti Poppe. "On a personal note, Bob's partnership has been invaluable to me and our entire PG&E leadership team as we build a new foundation of operational excellence for many years to come." 

Kerry Cooper has been elected by the PG&E Corporation Board of Directors as its new Chair, effective October 31. Cooper has been on both the PG&E Corporation and Utility Boards of Directors since 2020. Cooper served as Chief Executive Officer at Choose Energy, as President and Chief Operations Officer at retail company Rothy's, and in leadership roles at Walmart and Levi Strauss. Cooper has extensive experience leading large-scale and innovative customer programs and consumer-focused, growth-oriented companies. 

Cooper lives in Northern California and is a PG&E customer. She has a BS in mechanical engineering from the University of Texas at Austin and an MBA from Harvard University. 

"We are excited and honored to have Kerry Cooper serve as our next Chair of the Board. Kerry's deep track record of building successful cultures and leading companies to exceed customer expectations makes Kerry the right leader at the right time as we work to improve outcomes and trust with our customers and regulators," Poppe said.  

About PG&E Corporation
PG&E Corporation (NYSE: PCG) is a holding company headquartered in Oakland, California. It is the parent company of Pacific Gas and Electric Company, an energy company that serves 16 million Californians across a 70,000-square-mile service area in Northern and Central California.
For more information, visit http://www.pgecorp.com.

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/customer-oriented-executive-and-board-member-kerry-cooper-to-succeed-robert-flexon-as-chair-of-pge-corporation-board-of-directors-302276236.html

SOURCE PG&E Corporation

FAQ

Who is the new Chair of PG&E 's (PCG) Board of Directors?

Kerry Cooper has been elected as the new Chair of PG&E 's (PCG) Board of Directors, effective October 31, 2024.

Why is Robert Flexon leaving PG&E 's (PCG) Board?

Robert Flexon is leaving PG&E 's (PCG) Board to take a Chief Executive Officer role at another utility company.

When will Kerry Cooper assume the role of Chair at PG&E (PCG)?

Kerry Cooper will assume the role of Chair at PG&E (PCG) on October 31, 2024.

What is Kerry Cooper's background before joining PG&E (PCG)?

Kerry Cooper has served as CEO at Choose Energy, President and COO at Rothy's, and held leadership roles at Walmart and Levi Strauss. She has experience in customer-focused and growth-oriented companies.
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