NRG Energy Refreshes Board to Strengthen Customer Focus
March 07 2018 - 7:30AM
Business Wire
- New Directors Matthew Carter and
Heather Cox Bring Fresh Perspectives and Additional Skills as NRG
Makes Turn to More Customer-Focused Business
- Retiring Directors are Walt Young, Evan
Silverstein and Barry Smitherman
NRG Energy (NYSE: NRG) today announced changes to its Board of
Directors, including the immediate retirement of Walt Young, Evan
Silverstein and Barry Smitherman and the appointment of two new
independent directors: Matthew Carter and Heather Cox. Following
these changes, the Board size will be reduced to 12 directors.
“We are very pleased to welcome these two new independent
directors to the Board, at a time when NRG is evolving its business
to a more customer-focused approach. Their expertise and
perspectives will serve NRG well going forward. On behalf of the
Board and the entire company, I want to thank Walt, Evan and Barry
for their dedicated leadership and unwavering commitment to NRG
during their tenure,” said Larry Coben, NRG Board Chairman.
About the new directors:
Matthew Carter
Mr. Carter served as President and Chief Executive Officer and a
director of Inteliquent, Inc., a publicly-traded provider of voice
telecommunications services, from June 2015 until February 2017
when Inteliquent, Inc. was acquired. He served as President of the
Sprint Enterprise Solutions business unit of Sprint Corporation, a
publicly-traded telecommunications company, from September 2013
until January 2015 and, prior to that, as President, Sprint Global
Wholesale & Emerging Solutions at Sprint Nextel Corporation.
Mr. Carter is also a director of USG Corporation. He is a former
director of Apollo Education Group, Inc. and Inteliquent, Inc. and
has significant marketing, technology and operational experience in
customer-focused businesses.
Heather Cox
Ms. Cox has most recently served as Executive Vice President,
Chief Technology & Digital Officer of United Services
Automobile Association, Inc.
from October 2016 to March 2018. In 2017, Ms. Cox was ranked no.
3 on American Banker’s List of The Women to Watch. Ms. Cox served
as Chief Executive Officer, Head of Citi FinTech of Citigroup, Inc.
from November 2015 to October 2016, and as Chief Client Experience,
Digital and Marketing Officer, Global Consumer Bank of Citigroup,
Inc. from April 2014 to November 2015. Prior to that, Ms. Cox
served at Capital One Financial Corporation for six years, most
recently as Executive Vice President, US Card Operations, Capital
One from August 2011 to August 2014. Ms. Cox also served in various
managerial and executive roles at E*Trade Financial for
approximately ten years. Ms. Cox is able to provide the Board with
significant insight based on digital and technology transformation,
innovation, machine learning, artificial intelligence, and data and
analytics experience.
As part of its pivot to greater consumer focus for both large
and small customers, NRG continues on its three-year, three-part
Transformation Plan aimed at reducing costs, optimizing the
company’s portfolio, and improving its capital structure. According
to retiring NRG Board member Barry Smitherman, “As NRG evolves,
this is an ideal time to refresh the Board and underscores the
confidence in management and Board of Directors to guide the
company through the execution of the Transformation Plan and
beyond.” Mr. Smitherman will continue his involvement with NRG as a
consultant to the company on a variety of government and regulatory
matters.
About NRG
NRG is the leading integrated power company in the U.S., built
on the strength of our diverse competitive electric generation
portfolio and leading retail electricity platform. A Fortune 500
company, NRG creates value through best in class operations,
reliable and efficient electric generation, and a retail platform
serving residential and commercial businesses. Working with
electricity customers, large and small, we implement sustainable
solutions for producing and managing energy, developing smarter
energy choices and delivering exceptional service as our retail
electricity providers serve almost three million residential and
commercial customers throughout the country. More information is
available at www.nrg.com. Connect with NRG Energy on Facebook
and follow us on Twitter @nrgenergy.
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version on businesswire.com: http://www.businesswire.com/news/home/20180307005601/en/
NRG EnergyMedia:Marijke Shugrue,
609-524-5262orInvestors:Kevin L. Cole, CFA,
609-524-4526Lindsey Puchyr, 609-524-4527
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