HOUSTON, Texas, Oct. 25 /PRNewswire-FirstCall/ -- Reliant Energy
announced today that Rick J. Dobson has been named executive vice president
and chief financial officer effective October 29.
"Ensuring that we have the right team in place to execute our
value-creation strategy has been one of my highest priorities," said Mark
Jacobs, president and chief executive officer, Reliant Energy. "Rick has a
proven track record as a successful chief financial officer for two public
companies as well as a background in the energy industry. He has the right
skills and insights to lead Reliant's disciplined capital investment
strategy."
Dobson fills the position vacated when Jacobs took over as CEO earlier
this year. He brings more than 25 years of experience in the financial and
energy industries to his new role. Most recently, Dobson served as chief
financial officer of Novelis, Inc., where, among other accomplishments, he
instituted a risk management discipline and systems for aluminum, energy
and foreign currency risks. Prior to that, he served as chief financial
officer of Aquila, Inc. from 2002 to 2006, where he led the successful
financial restructuring of the credit-challenged entity.
In his new role, Dobson will be responsible for leading the financial
aspects of Reliant's new strategic plan and creating the infrastructure to
support Reliant's disciplined approach to capital investment. He will
oversee the operation of the finance, accounting, investor relations,
performance management, internal audit and information technology functions
at the company.
Reliant Energy, Inc. (NYSE: RRI), based in Houston, provides
electricity and energy services to retail and wholesale customers in the
United States. In Texas, the company provides service to nearly 1.9 million
retail electricity customers, including residential and small business
customers and large commercial, industrial, governmental and institutional
customers.
Reliant also serves commercial, industrial, governmental and
institutional customers in the PJM (Pennsylvania, New Jersey and Maryland)
market. The company is one of the largest independent power producers in
the nation with approximately 16,000 megawatts of power generation capacity
across the United States. These strategically located generating assets
utilize natural gas, fuel oil and coal. For more information, visit
http://www.reliant.com.
SOURCE Reliant Energy, Inc.
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Related links:
http://www.reliant.com
CONTACT:
media, Pat Hammond, +1-713-497-7723, or
investors, Dennis Barber, +1-713-497-3042, both of Reliant
Energy, Inc.
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