Calpine Board Member Susan C. Schwab Confirmed as a Deputy United States Trade Representative
November 10 2005 - 4:30PM
PR Newswire (US)
John O. Wilson Retires SAN JOSE, Calif., Nov. 10
/PRNewswire-FirstCall/ -- Susan C. Schwab, a member of Calpine
Corporation's (NYSE:CPN) Board of Directors, was unanimously
confirmed by the United States Senate as a Deputy U.S. Trade
Representative. Ms. Schwab will be a top adviser to U.S. Trade
Representative Rob Portman and tasked to oversee U.S. trade
relationships with Europe, the Middle East and the Americas. As
required by her new position, Ms. Schwab is leaving Calpine's
Board. "We congratulate Susan on her confirmation for this exciting
new opportunity, and we wish her all the best in her important and
challenging new position," said Calpine Chairman, President and
Chief Executive Officer Peter Cartwright. "Since our initial public
offering, Susan has brought extensive public and private sector
service experience to our company, helping guide Calpine's rapid
growth in the dynamic North American power industry. It has been an
honor to have Susan serve on Calpine's board." Ms. Schwab, an
independent Calpine Director since January 1997, served as the
Chair of the company's Nominating and Governance Committee, and was
a member and former Chair of the Compensation Committee. She served
as President and Chief Executive Officer of the University System
of Maryland Foundation since last year. Prior to that she was Dean
of the University of Maryland School of Public Policy for eight
years. Before joining the University of Maryland, Schwab was
Director of Corporate Business Development for Motorola, Inc.
During her previous government service, Ms. Schwab was Assistant
Secretary of Commerce for the U.S. and Foreign Commercial Service
and a trade negotiator. In September, Calpine announced Director
John O. Wilson's plans to retire. Mr. Wilson officially retired
from Calpine's Board of Directors on November 4, 2005. A major
power company, Calpine Corporation supplies customers and
communities with electricity from clean, efficient, natural
gas-fired and geothermal power plants. Calpine owns, leases and
operates integrated systems of plants in 21 U.S. states and in
three Canadian provinces and is building a plant in Mexico. Its
customized products and services include wholesale and retail
electricity, gas turbine components and services, energy
management, and a wide range of power plant engineering,
construction and maintenance, and operational services. Calpine was
founded in 1984. It is included in the S&P 500 Index and is
publicly traded on the New York Stock Exchange under the symbol
CPN. For more information, visit http://www.calpine.com/ .
DATASOURCE: Calpine Corporation CONTACT: media, Katherine Potter,
+1-408-792-1168, or , or investors, Karen Bunton, +1-408-792-1121,
or , both of Calpine Corporation Web site: http://www.calpine.com/
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