Jan 13, 2019 - Energy & Environment

PG&E CEO abruptly leaves company amid bankruptcy speculation

PG&E Corp CEO and President Geisha Williams

Ex-PG&E CEO Geisha Williams. Photo: Paul Morigi/Getty Images for Fortune

PG&E CEO Geisha Williams has left the company, which faces billions of dollars in wildfire liability costs, and reportedly is considering bankruptcy, a spokesperson confirmed to Axios on Sunday.

  • In a statement, the company said John Simon, its general counsel, would serve as interim CEO.

Why it matters: This is yet another sign that the company is in crisis control mode as California lawmakers decide whether it should step in to help PG&E. Williams became the first Latina CEO of a Fortune 500 company in 2017 when she took the helm.

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