Dynegy Inc. announced Monday is has named a new interim CEO, E. Hunter Harrison, the former CEO at Canadian National Railway Co. and a current independent Dynegy director. He replaces another independent director, David Biegler, who was serving as the independent power provider's CEO on an interim basis since Bruce Williamson resigned (see Daily GPI, Feb. 23). Biegler will continue to serve on the Dynegy board along with other independent directors Patricia Hammick, Victor Grijalva, Howard Sheppard and William Trubeck. As announced in February, these directors are not standing for reelection at the company's annual shareholders meeting in June15. Hammick will continue as chairman of the board. A search continues by the board for a permanent president/CEO of the company. Harrison, 66, had a long career as a CEO and board member of several companies in the U.S. and Canadian companies. Four new directors joined Dynegy's board in March (see Daily GPI, March 10) -- selected by one of the company's two major shareholders, billionaire Carl Icahn or Seneca Capital -- and Harrison has ties to these new board members, according to Biegler who characterized the new interim CEO's selection as "an important step as we execute the transition to new leadership."
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