Independent power producer Calpine Corp. says that Jack Fusco, who has served as president and CEO since August 2008, has agreed to extend the term of his contract through December 2015.
Fusco will continue to serve as CEO through May 2014, when he will become executive chairman of the board of directors. Recently, buy-side and sell-side investment analysts ranked Fusco as the best CEO in the electric industry, according to Institutional Investor Magazine.
Calpine has also appointed Thad Hill president, effective immediately. Hill joined Calpine in September 2008 as executive vice president and chief commercial officer and became chief operating officer (COO) in October 2010. Hill will continue to serve as COO.
Additionally, Thad Miller, who serves as executive vice president, chief legal officer and secretary, has also agreed to extend the term of his contract through December 2015. Miller joined Calpine in August 2008 with responsibility for legal matters; governmental, regulatory and market relations; corporate communications; internal audit; compliance; and insurance.
