“This is an important milestone, but our work is far from over. Our emergence from Chapter 11 marks just the beginning of PG&E’s next era — as a fundamentally improved company and the safe, reliable utility that our customers, communities and California deserve,” PG&E Corp. Interim CEO Bill Smith said in a statement.
Smith is temporarily replacing former PG&E Corp. CEO Bill Johnson, who left the company after its bankruptcy exit plan was approved. The company is emerging from bankruptcy with 11 new board members, who it says have experience in safety, risk management, corporate governance and executive compensation, among other things.
