PG&E’s Stavropoulos to Retire at the End of Third Quarter 2018
SAN FRANCISCO–(BUSINESS WIRE)–Jul 13, 2018–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.