Mirant announced Tuesday that a previously planned conference call this week was cancelled until the company completes its 2002 audit and a reaudit of 2000 and 2001 financial statements. The announcement was made after the market had closed; Mirant’s stock closed at $1.62 on Tuesday.

“Our target was to substantially complete our 2002 year-end audit for a call this week,” said CEO Marce Fuller. “However, with the audit and reaudit processes still under way, we are not at a point where we have finalized that information.” The updated information is expected to be provided in a Securities and Exchange Form 10-K.

Although the conference call was delayed, Mirant announced the election of Robert McCullough to its board as an independent director. The Atlanta-based company also appointed Daniel Streek as vice president and controller and named Cameron Bready as global chief risk officer. Streek and Bready also were elected officers of the company.

McCullough, CFO of AMVESCAP, an independent investment management group, will become a member of Mirant’s audit committee. Prior to joining AMVESCAP in 1996, McCullough worked for Arthur Andersen for more than 30 years, including nine years as a managing partner. Streek held various positions at Aquila Inc., including that of CFO, before joining Mirant. Bready was Mirant’s interim global chief risk officer. He has been with Mirant since 2000 and most recently served as the corporation’s director of trading control.

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