PG&E’s Stavropoulos to Retire at the End of Third Quarter 2018
July 13 2018 - 9:00AM
Business Wire
Nick Stavropoulos, 60, announced that he intends to retire from
his role as President and Chief Operating Officer of Pacific Gas
and Electric Company at the end of September 2018. He will leave
his position as a member of the Board of Directors of the utility
at that time as well.
Subject to the approval of the utility’s board of directors, the
company plans to announce the specifics of its management
succession plan, including an updated organizational
structure, in a timely fashion to allow for an effective
transition period.
"Nick's leadership in driving strong safety performance in our
gas organization cannot be overstated. His focus and success made
him an obvious choice for leadership of utility operations, and he
brought the same passion and commitment to this broader role as
well," said Geisha Williams, CEO and President of PG&E
Corporation, the parent company of Pacific Gas and Electric
Company.
"Looking to the future, we have an exceptionally deep bench of
executive talent at PG&E. This has been an area of
sustained focus for me, Nick and our boards of directors for many
years," Williams noted. For example, the company has driven
talent development goals deep into the organization.
"Over the last seven years, we have accomplished so much
together on our journey to become one of the safest, most reliable
energy companies in the country. As a team, we’ve worked to improve
our culture, augment our operations, upskill our people and, most
importantly, improve public and employee safety. We know when it
comes to continuous improvement and safety, our work will never be
complete, and I am confident in this leadership team to guide
PG&E’s 23,000 employees on that continued journey,"
Stavropoulos said.
Stavropoulos was drawn to the Bay Area and PG&E in 2011 to
lead the multi-billion-dollar recovery and restoration effort to
enhance the company's natural gas system after the San Bruno
explosion. He was promoted to his current role of leading the
utility in March 2017.
Stavropoulos is a passionate advocate for workplace safety and
safety culture. Since joining PG&E, he has championed
independent third-party verification of the company's gas system
from a number of different global organizations. Under his
leadership, PG&E's gas business has earned or qualified for
international certifications including ISO 55000, PAS 55001, API RP
1173, and RC 14001. PG&E is the only North American utility to
currently hold all four of these third-party certifications.
Prior to joining PG&E, Stavropoulos served as Executive Vice
President and Chief Operating Officer for National Grid, an
electricity and natural gas delivery company serving nearly 7
million customers in the Northeast United States. As COO of that
company, he was responsible for all aspects of its U.S. gas
distribution business. Prior to that role, Stavropoulos was
President of KeySpan Energy Delivery. He also held a number of
senior leadership positions with successive levels of
responsibility, including Chief Financial Officer, at KeySpan's
predecessor companies – Colonial Gas Company and Boston Gas.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E
Corporation (NYSE:PCG), is one of the largest combined natural gas
and electric energy companies in the United States. Based in San
Francisco, with more than 20,000 employees, the company delivers
some of the nation's cleanest energy to nearly 16 million people in
Northern and Central California. For more information, visit
www.pge.com/ and www.pge.com/en/about/newsroom/index.page.
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