Global Financial and Risk Management Leader Edward G. Cannizzaro to Join PG&E Boards of Directors

Rhea-AI Summary

PG&E Corporation (NYSE: PCG) announced the appointment of Edward G. Cannizzaro to its Boards of Directors effective February 24, 2023. Cannizzaro, with over 35 years at KPMG, will enhance PG&E's operational and safety performance. His experience spans various industries including e-commerce and biotechnology. He will serve on the Audit Committees of both PG&E and its subsidiary Pacific Gas and Electric Company (NYSE: PCG.PRA), along with the Finance and Innovation Committee. This appointment aims to support the company in efficiently delivering energy to over 16 million Californians.

Positive

• Appointment of Edward G. Cannizzaro enhances board expertise.
• Significant experience in business and risk management.
• Will serve on multiple critical committees to improve performance.

Negative

• None.

News Market Reaction

-0.83%

1 alert

-0.83% News Effect

On the day this news was published, PCG declined 0.83%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

OAKLAND, Calif., Feb. 27, 2023 /PRNewswire/ -- PG&E Corporation (NYSE: PCG) today announced the appointment of Edward G. Cannizzaro to the Boards of Directors of PG&E Corporation and its subsidiary Pacific Gas and Electric Company, effective February 24, 2023. Mr. Cannizzaro brings decades of experience advising clients on business and risk management success.

Mr. Cannizzaro has counseled clients in a wide range of industries including e-commerce, financial technology, semiconductors, manufacturing, retail, biotechnology, and real estate.

"With decades of executive leadership experience in business and risk management, Ed will be invaluable in helping PG&E continue to improve its operational and safety performance to better serve our customers," said Robert C. Flexon, Chair of the Board of PG&E Corporation.

Mr. Cannizzaro spent over 35 years at KPMG, a global professional services firm, holding various audit, risk management, and regulatory positions of increasing responsibility. Most recently, Mr. Cannizzaro served as the Global Head of Quality, Risk, and Regulatory for KPMG, with global responsibility for quality controls, risk management, and ethics and compliance monitoring programs from 2018 to 2022.

"I am honored and excited to serve on PG&E's Boards to support CEO Patti Poppe and her leadership team in their essential work to provide energy to more than 16 million Californians," said Mr. Cannizzaro.

Mr. Cannizzaro will serve on the Audit Committees of both the PG&E Corporation and Pacific Gas and Electric Company boards as well as the Finance and Innovation Committee of the PG&E Corporation board.

Mr. Cannizzaro also serves on the Board of Directors for Ross Stores. He holds a Bachelor of Science in Business Administration and Accounting from San Diego State University and is a Certified Public Accountant. Mr. Cannizzaro is a member of the Latino Corporate Directors Association.

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. In this press release, they are together referred to as "PG&E."

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SOURCE PG&E Corporation

FAQ

Who is Edward G. Cannizzaro and what is his role at PG&E?

Edward G. Cannizzaro has been appointed to the Boards of Directors of PG&E Corporation and Pacific Gas and Electric Company, effective February 24, 2023.

What experience does Edward G. Cannizzaro bring to PG&E?

Cannizzaro brings over 35 years of experience from KPMG, specializing in audit, risk management, and regulatory positions.

What committees will Edward G. Cannizzaro serve on at PG&E?

He will serve on the Audit Committees and the Finance and Innovation Committee of PG&E Corporation's board.

How many customers does PG&E serve?

PG&E serves over 16 million Californians across a 70,000-square-mile service area.

When was Edward G. Cannizzaro appointed to the PG&E Boards?

He was appointed on February 24, 2023.