PG&E CEO abruptly leaves company amid bankruptcy speculation
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.