PG&E Corporation Announces Appointment of Experienced Utility Industry Executive Thomas Webb as Senior Advisor

November 18, 2021 at 08:15 AM EST

Advisory Role Will Provide PG&E Corporation’s CEO, CFO and Executive Leadership Team with Business-Critical Advice for Future Growth

PG&E Corporation (NYSE: PCG) announced that Thomas Webb, a utility industry executive with more than 40 years of experience, will serve as a senior advisor to the company, effective today. Mr. Webb will provide PG&E Corporation’s Chief Executive Officer Patti Poppe, Chief Financial Officer Chris Foster and the executive leadership team with business-critical advice focused on driving stakeholder value, maximizing the company’s value proposition and financial strength, and enhancing shareholder engagement.

“Drawing on his extensive experience as a CFO in our industry, Tom has an outstanding track record and clear passion for helping utilities strategically strengthen relationships with customers, investors, and financial analysts,” said Ms. Poppe.

“We know that Tom’s support will be invaluable as PG&E works to deliver consistent and sustainable returns for investors who in turn fund the safety and infrastructure improvements to our system that are necessary for us to deliver safe, reliable and clean energy to our customers,” said Mr. Foster.

Mr. Webb served as CMS Energy’s and Consumers Energy’s Executive Vice President and CFO from 2002 to 2017 and has had a distinguished and highly successful career across four decades. In addition, Mr. Webb was responsible for CMS Enterprises, which encompasses all of CMS Energy’s businesses outside of the Michigan utility. Mr. Webb was most recently a senior advisor to CenterPoint Energy.

“It is a privilege to work with Patti, Chris and the rest of the outstanding management team at PG&E to help them serve their customers and investors alike,” said Webb of his new role.

About PG&E Corporation

PG&E Corporation (NYSE: PCG) is a holding company headquartered in San Francisco. 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. For more information, visit http://www.pgecorp.com. In this press release, they are together referred to as “PG&E.”