Dynegy on Thursday announced that it would reorganize its business structure to require Investor Relations to report directly to CEO Bruce A. Williamson. In conjunction with the news, Peter J. Wilt was named vice president of investor relations and Norelle V. Lundy as director of investor relations.
Wilt, 56, takes over the new role effective April 15. An energy industry veteran with nearly 35 years of experience, he will serve as a liaison between the company’s management, the investing public and the financial community, including portfolio managers and research analysts. As a member of the company’s Executive Management Committee, Wilt also will be responsible for communicating Dynegy’s financial results, operational performance and business strategies to the investment community.
Wilt spent the last six years with Duke Energy in Europe and Latin America. Most recently, he served as executive vice president of Duke Energy International and was responsible for Duke’s European business. Prior to this assignment, Wilt led Duke’s Latin American operations. Before joining Duke, Wilt held leadership positions in regulatory affairs, commercial operations and business development with Enron Corp. and Transco Energy.
Lundy, 30, took over in her new role April 5. She is the former director of Planning and Financial Reporting for Dynegy’s Power Generation business. Before joining Dynegy in 2002, Lundy spent four years in the audit department of PricewaterhouseCoopers LLP and three years in the planning and reporting department of Coca-Cola.
Dynegy also announced that Katie L. Pipkin, senior director of Investor Relations, has resigned to accept a position as a sell-side research analyst with an investment banking firm. Pipkin was named as senior director during a restructuring in late 2002 (see Daily GPI, Dec. 3, 2002).
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