NRG Yield, Inc. (NYSE:NYLD, NYLD.A) announced today that following the
announcement that David Crane has stepped down as President and Chief
Executive Officer of NRG Energy, Inc. (NYSE: NRG), the Board of
Directors of NRG Yield has acted to replace Mr. Crane as Chairman,
President and Chief Executive Officer of NRG Yield.
The Board has named Mauricio Gutierrez interim President and Chief
Executive Officer of NRG Yield, effective immediately. Mr. Gutierrez
currently serves as a Director of NRG Yield and has served as the Chief
Operating Officer of NRG Yield since the initial public offering in July
2013. Mr. Gutierrez was recently named President and Chief Executive
Officer of NRG Energy, where he previously served as Chief Operating
Officer since July 2010 and in various roles since August 2004. During
this interim period, the Board of Directors will evaluate the optimal
replacement for this position as a result of Mr. Crane’s departure.
John Chlebowski will assume the role of Chairman of the Board during the
interim CEO evaluation process. Mr. Chlebowski has served as Lead
Independent Director of NRG Yield since its initial public offering in
July 2013 and previously served on the Board of Directors of NRG Energy
since its emergence from bankruptcy in 2003. During his tenure at NRG
Energy, he served on numerous committees of the board and chaired both
the audit and compensation committees.
About NYLD
NRG Yield owns a diversified portfolio of contracted renewable and
conventional generation and thermal infrastructure assets in the United
States, including fossil fuel, solar and wind power generation
facilities that provide the capacity to support more than two million
American homes and businesses. Our thermal infrastructure assets provide
steam, hot water and/or chilled water, and in some instances
electricity, to commercial businesses, universities, hospitals and
governmental units in multiple locations. NRG Yield’s Class C and Class
A common stock are traded on the New York Stock Exchange under the
symbols NYLD and NYLD.A, respectively. Visit nrgyield.com
for more information.
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