DealFlow.energy

Mauricio Gutierrez departed NRG Energy as President and Chief Executive Officer.

CEO since 2015 departed amid Elliott activist pressure. Elliott called the $2.8B Vivint Smart Home acquisition "the single worst deal in the power and utilities sector in the past decade" and pushed for Gutierrez's ouster.

Press release ↗

Lawrence Coben has stepped into the role of Interim President and Chief Executive Officer at NRG Energy (from Chair of the Board, NRG Energy).

Board Chair Coben (since 2017) named interim CEO upon Mauricio Gutierrez's departure. Move came amid Elliott Investment Management activism; Elliott had disclosed >13% economic stake and called for boardroom overhaul.

Press release ↗

Andrew Brown has stepped into the role of Interim Chief Operating Officer at Ørsted (from Former Chief Executive Officer, Galp Energia).

Board director Brown — former Galp CEO, ex-Shell executive — named interim COO during Q4 2023 offshore wind crisis when Ørsted took $4B+ impairment on Sunrise/Ocean Wind. Handed off to Patrick Harnett March 2024.

Press release ↗

Marwan Fawaz was appointed Director at NRG Energy (from Former Executive, Google/Alphabet).

Former Google/Alphabet executive joined NRG board as part of cooperation agreement with activist Elliott Investment.

Press release ↗

Kevin Howell was appointed Director at NRG Energy (from Former Chief Operating Officer, Dynegy).

Former Dynegy COO joined NRG board as part of activist-driven governance overhaul.

Press release ↗

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