Pacific Gas & Electric Corporation has announced that Christopher P. Johns, the Corporation’s senior vice president and chief financial officer, has been selected to lead the company’s utility unit as president of Pacific Gas and Electric Company effective August 1, 2009.
As the utility subsidiary’s top executive officer, Johns will be responsible for all aspects of PG&E’s business, including electric and gas operations, customer care, information technology, shared services and regulatory relations.
“Chris has consistently distinguished himself as an outstanding leader at PG&E,” said Peter A. Darbee, chairman, CEO and president of PG&E Corporation. “Particularly in his role as CFO, Chris’ contributions have been integral to PG&E’s success in achieving results on behalf of its customers, shareholders and employees. His proven strength as a manager, combined with his firm commitment to our company and our values, make him an ideal candidate to lead PG&E.”
Johns will continue to report directly to Darbee, who has been serving as the utility unit’s chief executive since mid-2008 in addition to his roles at the holding company. Johns’ promotion enables Darbee to devote more of his time to strategic issues in light of the significant evolution under way in the nation’s energy and environmental policies, which is defining new challenges and opportunities important to the company and its customers.
Johns became CFO in 2005 and has helped lead the company’s implementation of one of the utility industry’s most extensive capital investment programs, as well as successful efforts to realize opportunities for greater efficiencies within the company’s operations. Recently, his organization has been highly successful in maintaining PG&E’s access to the capital markets amid the challenges of the global financial crisis.
Kent M. Harvey, currently senior vice president and chief risk and audit officer, will succeed Johns as PG&E Corporation CFO.