PG&E is restructuring its board following the deadly wildfires that caused severe and extensive damage in California last year.
The company, which is Californias biggest utility, expects just five out of 10 of its current directors to stand for re-election at an annual shareholder meeting scheduled for May 21, the Associated Press reports.
We fully understand that PG&E must re-earn trust and credibility with its customers, regulators, the communities it serves and all of its stakeholders, the utility said in a statement. We recognize the importance of adding fresh perspectives to the Board to help address the serious challenges the business faces.
Last month, PG&…
Read the full article at: http://fortune.com/2019/02/11/pge-reshapes-board-wildfires/