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PCG PR H - Pacific Gas And Electric Co News Story

$22.31 -0.2  -0.8%

Sector
Utilities
Size
Large Cap
Market Cap £4.28bn
Enterprise Value £30.41bn
Revenue £13.60bn
Position in Universe th / 6850

BRIEF-PG&E Provides Update On Board Refreshment Process

Mon 11th February, 2019 11:47am
Feb 11 (Reuters) - PG&E Corp  PCG.N :
    * PG&E PROVIDES UPDATE ON BOARD REFRESHMENT PROCESS
    * PG&E CORP - EXPECTS MAJORITY OF BOARD WILL BE NEW
INDEPENDENT
DIRECTORS BY 2019 ANNUAL MEETING
    * PG&E CORP - BOARD INTENDS THAT A MAJORITY OF DIRECTORS OF
COMPANY WILL BE NEW INDEPENDENT DIRECTORS BY TIME OF 2019 ANNUAL
MEETING
    * PG&E CORP - BOARD CURRENTLY EXPECTS THAT NO MORE THAN FIVE
OF
COMPANY'S CURRENT DIRECTORS WILL STAND FOR ELECTION AT 2019 AT
ANNUAL MEETING
    * PG&E CORP - BOARD IS EXPECTED TO INCLUDE 11 INDEPENDENT
DIRECTORS AT TIME OF 2019 ANNUAL MEETING
    * PG&E CORP -  EXPECTED THAT BOARD OF PACIFIC GAS AND
ELECTRIC
COMPANY WILL TRACK NEW COMPOSITION OF PG&E'S BOARD
    * PG&E CORP - BOARD IS WORKING WITH A LEADING SEARCH FIRM
AND HAS
IDENTIFIED "STRONG" CANDIDATES
    * PG&E CORP - HAVE BEEN WORKING TO IDENTIFY PROFESSIONALS
WITH
RELEVANT EXPERIENCE IN SAFETY, OPERATIONS AND OTHER CRITICAL
AREAS
    * PG&E CORP - "RECOGNIZE IMPORTANCE OF ADDING FRESH
PERSPECTIVES
TO BOARD TO HELP ADDRESS SERIOUS CHALLENGES BUSINESS FACES NOW
AND IN FUTURE"

Source text for Eikon:  ID:nBw4G4RY2a 
Further company coverage:  PCG.N 

 ((Reuters.Briefs@thomsonreuters.com;))
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