Dynegy makes executive management team adjustments to optimize organization
Dynegy announced new roles for its executive management team as the company prepares to close on the acquisition of ENGIE's US fossil portfolio of generating assets. Martin Daley has been promoted o EVP and COO responsible for all Plant Operations, Safety, PRIDE, Environment, Construction & Engineering and Outage Support for Dynegy's national fleet of generating assets. In this newly created role, Daley will oversee a newly centralized Operations group organized by market rather than fuel type, as the Company's Commercial organization is now, to allow more close alignment on issues affecting plant operating performance. Daniel Thompson, head of Dynegy's coal generating fleet since 2011 plans to retire in the second quarter of 2017 after nearly 30 years of outstanding service to Dynegy and predecessor companies. He will serve as Executive Advisor in the interim to ensure a smooth transition of the coal fleet during this critical integration period. Carolyn Burke will now serve as Executive Vice President, Strategy and will lead the development of Company strategic priorities, including possible future portfolio acquisitions or divestitures. Mario Alonso is taking on a new role as Executive Vice President, Plant Operations for the ERCOT region and CAISO as well as Supply Chain. With regulatory issues being an even more critical consideration for the Company, Dean Ellis is being promoted to report directly to the CEO as Senior Vice President, Regulatory and Government Affairs. The ENGIE acquisition closing is pending approval by the Federal Energy Regulatory Commission.