Utility firm NRG names Lawrence Coben as CEO

Reuters
2024.08.01 11:27

Utility firm NRG Energy has appointed Lawrence Coben as its CEO, following a push from activist investor Elliott Investment. Coben, who has been serving as the chairman of NRG since 2017, took over as interim CEO last November. Elliott, which owns a 13% stake in NRG, had called for changes at the company including a boardroom overhaul. NRG will report its quarterly results on August 8.

Aug 1 (Reuters) - Utility firm NRG Energy (NRG.N) named interim CEO Lawrence Coben as its top boss on Thursday, following a push from activist investor Elliott Investment last year.

Coben had served as the chairman of NRG since 2017 and replaced outgoing CEO Mauricio Gutierrez on an interim basis last November.

Elliott disclosed a more than 13% stake in NRG in May 2023 and called for strategic changes at the company including a boardroom overhaul.

Elliott did not immediately respond to a Reuters request for comment.

NRG will report its quarterly results on Aug. 8.

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