A one-time new hire award of $1,600,000 in Restricted Stock Units (RSUs) that vest pro rata, one-half per year on each of the first two anniversaries of the grant date. For your first year, the vacation allotment will be pro-rated based on your date of hire. From 2010 to 2011, Mr. Wright served as Vice President of Marketing, managing negotiation and execution of long-term service agreements and customer satisfaction initiatives. He is also a member of the Nuclear Energy Institute and the American Gas Association. Craig FugateArno L. HarrisBenjamin F. Wilson. Wright earned a bachelor's degree in civil engineering from the University of Nebraska at Omaha. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. The general overall terms of PG&Es compensation and benefit programs (including but not limited to STIP, LTIP, perquisite allowance, qualified and supplemental pension, time off, and healthcare offerings) are subject to change over time. He joined MidAmerican Energy in 2012 to lead the expansion and operations of the companys wind generation fleet, before taking over responsibility for the companys gas delivery operations in 2015. payment dates, general In this press release, they are together referred to as PG&E., Internet Explorer presents a security risk. BOX 770000, SAN FRANCISCO, CA, 94177. . LTIP awards typically are granted in March of each year; if your start date is after the regular annual awards are granted, the grant date of your 2021 award will be the later of your start date or the first business day after any then-effective trading blackout ends. The LTIP design for 2021 has been proposed and is awaiting final approval. Mr. Wright will be responsible for all of the utilitys operations, including Gas, Electric and Generation. Executive Vice President, Operations and Chief Operating Officer | Pacific Gas and Electric Company. From 2003 to 2009, Mr. Wright served in various management roles within Northern Natural Gas operations group and was responsible for the development of the companys integrity management program for high-consequence areas and the completion of major pipeline expansion projects. He also served as Vice President of Marketing, managing negotiation and execution of long-term service agreements and general customer satisfaction initiatives. Reels. I am humbled, honored and excited for the opportunity to help strengthen PG&E for the future. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Retired President of AT&T Technology Operations, AT&T Services, Inc. Pacific Gas and Electric Company Information, Connect With Pacific Gas and Electric Company, Pacific Gas and Electric Company Corporate Governance, View Charter - Pacific Gas and Electric Company, Integrity of the company financial statements, and financial and accounting practices, Internal controls over financial reporting, and external and internal auditing programs, Selection and oversight of the companies' Independent Auditor, Compliance with legal and regulatory requirements, in concert with other Board committees, With the assistance of other Board committees, risk management and assessment, Financial and investment plans and strategies, Development, selection, and compensation of policy-making officers, Annual approval of the corporate goals and objectives of the PG&E Corporation CEO and the Utility CEO (or if the Utility CEO office is not filled, any Utility President), Management evaluation and officer succession, Employment, compensation, and benefits policies and practices, Potential risks arising from compensation policies and practices, Retention and oversight of the Committee's independent compensation consultants, legal counsel, or other advisors. The board is within the California Office of Emergency Services and its task is to convene periodically to advise OES Director Mark Ghilarducci on the Earthquake Warning California program. He then joined MidAmerican in 2012. presentations Additionally, we will provide you with the full matching contributions that cannot be provided through the RSP due to legal limitations imposed on highly-compensated employees. 2023, Nasdaq, Inc. All Rights Reserved. Videos Tagged. PostgreSQL is the World's most advanced Open Source Relational Database. Subsidized financial planning services through AYCO, a Goldman Sachs company, including financial planning, asset management, and tax services. Pacific Gas and Electric Company Information, Connect With Pacific Gas and Electric Company, Pacific Gas and Electric Company Board of Directors, Pacific Gas and Electric Company Corporate Governance. I. SAN FRANCISCO--(BUSINESS WIRE)-- Wright started his role at PG&E in February 2021 and is responsible for all of the Utility's operationsElectric, Gas and Generation. You will be eligible to contribute as much as 50% of your salary on either a pre-tax or after-tax basis. PG&E Corporation (NYSE: PCG) today announced that its subsidiary Pacific Gas and Electric Company has appointed Adam Wright as Executive Vice President of Operations and Chief Operating Officer and Julius Cox as Executive Vice President of People and Shared Services, effective February 1, 2021. ", Executive Vice President of Operations: Adam Wright. Earthquake Warning California is the countrys first publicly available, statewide warning system that uses ground sensors around the state to alert residents seconds before shaking occurs, which can provide crucial seconds for people to drop, cover and hold on, as advised in advance of an earthquake. The PG&E Corporation Compensation Committee retains full discretion with respect to awarding STIP payments. In 2020, Wright served on the Iowa Governor's COVID-19 Economic Recovery Advisory Board. The STIP design for 2021 has been proposed and is awaiting final approval. For more information, visit http://www.pgecorp.com. statements and proxy cards, shareholder Mr. Wright joins PG&E after serving three years as President and CEO of MidAmerican Energy (a Berkshire Hathaway Energy company), which provides electric and natural gas service to nearly 1.6 million customers in the Midwest. Im confident that Adam and Julius are the right leaders to help us accelerate these efforts, said Ms. Poppe. We are fortunate to have him join our PG&E team., Executive Vice President of People and Shared Services: Julius Cox. 1-888-489-4689, PG&E Shareholder Services Adam L. Wright Executive Vice President, Operations and Chief Operating Officer. In this press release, they are together referred to as PG&E., View source version on businesswire.com: I have been impressed by the energy and enthusiasm Ive seen at PG&E and am excited to get started. Supporting and empowering our coworkers to perform at their best and working with the right suppliers and contractors to support us will position PG&E to successfully meet its critical mission of delivering safe, reliable, affordable and clean energy to millions of Californians," said Mr. Cox. Wright began his employment with the Berkshire Hathaway Energy family of businesses in 1996. I look forward to working closely with Patti and every PG&E coworker to meet our customers expectations, said Mr. Wright. PG&E Corporation (NYSE: PCG) is a holding company headquartered in San Francisco. Altair, our relocation vendor partner, will contact you no later than 30 days before your start date to thoroughly review the relocation program with you. Chief Operating Officer & Executive VP, Operations at Adam L. Wright is Executive Vice President, Operations and Chief Operating Officer of Pacific Gas and Electric Company. Oversees matters relating to safety, operational performance, and compliance issues related to the Utility's nuclear, generation, gas and electric transmission, and gas and electric distribution operations and facilities ("Operations and Facilities"), including: Cheryl F. Campbell (Chair)Jessica L. DenecourMark E. Ferguson IIIW. Pacific Gas and Electric Company Information, Connect With Pacific Gas and Electric Company, Pacific Gas and Electric Company Board of Directors, Pacific Gas and Electric Company Corporate Governance. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. . It is the parent company of Pacific Gas and Electric Company, an energy company that serves 16 million Californians across a 70,000-square-mile service area in Northern and Central California. You may elect to defer payment of some of your compensation on a pre-tax basis, subject to IRS and other legal restrictions. Adam Peck Named Site Vice President, Diablo Canyon Power Plant SAN FRANCISCO, December 06, 2021 -- ( BUSINESS WIRE )--James [Jim] M. Welsch, Senior Vice President, Generation and Chief. In my first few weeks as CEO, Ive been energized by the purpose, work ethic, and united commitment from our 23,000 coworkers to deliver a better PG&E experience for our customers. The interview series "PostgreSQL Person of the Week" presents the people who make . I look forward to working closely with Patti and every PG&E coworker to meet our customers expectations, said Mr. Wright. Julius brings an exceptional combination of people-centered and strategic vision to everything he does, said Ms. Poppe. Wright joined PG&E after serving three years as President and CEO of MidAmerican Energy Company (MEC), a Berkshire Hathaway Energy company. Before becoming the company's Chief Transformation Officer, Julius Cox was Dynegy's Chief Administrative Officer with responsibility for human resources, information technology, business services, investor relations, regulatory and governmental affairs, and communications. Each of them brings unique and deep expertise, and I know they will hit the ground running and help us to make meaningful progress in safely serving our customers., Executive Vice President of Operations: Adam Wright. An annual base salary of $825,000 ($68,750 month) subject to ordinary withholdings. In 2020, Wright served on the Iowa Governor's COVID-19 Economic Recovery Advisory Board. These symbols will be available throughout the site during your session. The initial value of your award is used to determine the number of RSUs you receive on the grant date. Participation in the Companys health benefits program, which permits you to select coverage tailored to your personal needs and circumstances. They will provide you with the details of the program and partner with you throughout the entire relocation process. Very attentive and very thorough! (615) 875-5216 [email protected] Adam Wright, PhD, FACMI, FAMIA, FIAHSI is Professor of Biomedical Informatics and Medicine at Vanderbilt University Medical Center and serves as the director of the Vanderbilt Clinical Informatics Center (VCLIC). Mr. Cox joins PG&E with more than 20 years of energy industry experience, most recently serving as Chief Human Resources Officer at American Electric Power (AEP). Mr. Cox joins PG&E with more than 20 years of energy industry experience, most recently serving as Chief Human Resources Officer at American Electric Power (AEP). "I recognize that millions of Californians count on PG&E to provide safe, reliable energy in a changing climate, and that our customers, communities and our company have faced serious challenges in recent years. He will focus on safety, seek to increase connectivity among operational groups, standardize practices, and promote excellent execution across the board. Adam Wright joined the Berkshire Hathaway Energy family of businesses in 1996 and worked as a leader in a number of those companies until he joined PG&E. From 2003 to 2009, Mr. Wright served in various management roles within Northern Natural Gas' operations group and was responsible for the development of the company's integrity management program for high-consequence areas and the completion of major pipeline expansion projects. 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