PG&E names Carolyn Burke new CFO; Foster resigns; reaffirms 2023 guidance

PG&E Corp

Appointed Carolyn J. Burke as EVP, Finance immediately, and as EVP & CFO effective May 4, 2023 upon departure of Christopher A. Foster.
Christopher A. Foster resigns effective May 4, 2023 to become EVP & CFO of CenterPoint Energy.
Burke receives $725k base salary, $400k cash sign-on (clawback if resign within 2 years), $400k RSUs, LTIP target $1.8M for 2023.
Reaffirms 2023 non-GAAP core EPS $1.19-$1.23, 2024 core EPS growth ≥10%, 2025-26 ≥9%, rate base growth 9.5%, no new equity.

item 5.02 item 7.01

Executive movements

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Appointed

Carolyn J. Burke

Executive Vice President and Chief Financial Officer

PCG · PG&E Corp

Effective: 2023-05-04
Filed: March 15, 2023, 7:59 PM ET

The Board also appointed Ms. Burke as Executive Vice President and Chief Financial Officer of PG&E Corporation, effective as of the departure of Christopher A. Foster, which is scheduled to occur on May 4, 2023.

Departed

Christopher A. Foster

Executive Vice President and Chief Financial Officer

PCG · PG&E Corp

Effective: 2023-05-04
Successor: Carolyn J. Burke
Filed: March 15, 2023, 7:59 PM ET

Christopher A. Foster, Executive Vice President and Chief Financial Officer of PG&E Corporation, informed PG&E Corporation that he is resigning from his positions effective May 4, 2023 to pursue another opportunity as Executive Vice President and Chief Financial Officer of CenterPoint Energy, Inc.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Carolyn J. Burke was appointed as Executive Vice President and Chief Financial Officer at PG&E Corp.

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

The Board also appointed Ms. Burke as Executive Vice President and Chief Financial Officer of PG&E Corporation, effective as of the departure of Christopher A. Foster, which is scheduled to occur on May 4, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Christopher A. Foster resigned as Executive Vice President and Chief Financial Officer at PG&E Corp.

Action: resigned
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

Christopher A. Foster, Executive Vice President and Chief Financial Officer of PG&E Corporation, informed PG&E Corporation that he is resigning from his positions effective May 4, 2023 to pursue another opportunity as Executive Vice President and Chief Financial Officer of CenterPoint Energy, Inc.

View on SEC.gov

PG&E Corp filing history →

Source: SEC EDGAR

accession 0001308179-23-000183

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