NRG Energy appoints Lawrence Coben as permanent President and CEO; board changes announced

NRG ENERGY, INC.

Lawrence Coben, interim CEO since Nov 2023, appointed President & CEO effective Aug 1, 2024; remains Board Chair.
Employment agreement: $1.45M base salary, 125% target annual bonus, $3.3M RPSU grant for 2024, equity grant of 825% of base for 2025.
Anne Schaumburg and Paul Hobby to resign from board effective Sep 30, 2024; board size reduces to 11.
Antonio Carrillo appointed Lead Independent Director effective Aug 1, 2024.
Non-compete and non-solicitation covenants for one year post-termination; severance up to 2x base (3x on change in control within 24 months).

item 5.02 item 9.01

Executive movements

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Appointed

Lawrence S. Coben

President and Chief Executive Officer

NRG · NRG ENERGY, INC.

Effective: 2024-08-01
Filed: August 1, 2024, 7:59 PM ET

On August 1, 2024, NRG Energy, Inc. (the “Company”) announced that Lawrence S. Coben, most recently Interim President and Chief Executive Officer of the Company, was appointed President and Chief Executive Officer effective August 1, 2024.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Lawrence S. Coben was appointed as President and Chief Executive Officer at NRG ENERGY, INC..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On August 1, 2024, NRG Energy, Inc. (the “Company”) announced that Lawrence S. Coben, most recently Interim President and Chief Executive Officer of the Company, was appointed President and Chief Executive Officer effective August 1, 2024.

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NRG ENERGY, INC. filing history →

Source: SEC EDGAR

accession 0001104659-24-084617

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