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In The News

PG&E Says Chief Financial Officer Will Retire in 2016

The chief financial officer of San Francisco-based PG&E Corp. will retire next year, the company said Wednesday.

Kent M. Harvey, senior vice president and CFO of PG&E (NYSE: PCG), has been with the company for 33 years.

In his role as CFO he oversees all financial activities, including treasury, risk, accounting, tax, business and financial planning for the $40 billion company. He also heads up PG&E's investor relations arms.

The utility said it has a "strong succession planning process in place" for his departure that it will discuss that with its Board of Directors well before Harvey leaves in the first half of 2016.
“Kent and his team have done a tremendous job effectively managing the financial activities of PG&E, ensuring our access to capital to fund significant system enhancements during a pivotal period in our history, and keeping investors well informed about our progress," Tony Earley, PG&E chairman, CEO and president, said in a statement.

"At the same time, Kent also has provided personal leadership and inspiration for our employees and we are grateful for that.”

Requests for additional comment from a PG&E spokesperson weren't returned by deadline Wednesday.

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