PG&E Announces New Additions, Assignments Within Finance, Risk Management Leadership Teams

SAN FRANCISCO, Feb. 25 /PRNewswire-FirstCall/ -- PG&E Corporation (NYSE: PCG) and its utility unit, Pacific Gas and Electric Company, announced the election of two new officers and new assignments for key team members within the companies' finance and risk organizations.

"These announcements reflect PG&E's focus on building teams with the best leadership talent available and positioning leaders where they can continue to have the greatest impact as we work to become the nation's leading utility," said PG&E Corporation Senior Vice President and Chief Financial Officer Kent Harvey.

PG&E Corporation and Pacific Gas and Electric Company named Anil Suri as vice president and chief risk and audit officer. Suri will have primary responsibility for enterprise risk management, market and credit risk, and corporate security. Suri will also serve as the companies' chief audit officer. He will report to Mr. Harvey.

Suri has spent more than a decade in the field of risk management and has extensive experience in the energy sector. In addition to founding a risk management consulting practice, he held positions at Wells Fargo and Ferrell Capital Management. He holds a Bachelor of Science from the Indian Institute of Technology in New Delhi, a PhD from Harvard University and an MBA from Columbia Business School.  

Pacific Gas and Electric Company named Sara Cherry as vice president, finance and chief financial officer. Cherry, currently senior director of internal auditing, will be responsible for all aspects of the utility's financial planning and budgeting functions. Cherry will report to Mr. Harvey. Cherry's appointment follows the departure of Barbara Barcon, who is leaving PG&E.

Cherry joined PG&E Corporation in 2001 and has held positions of increasing responsibility in the finance and risk organizations at both PG&E Corporation and Pacific Gas and Electric Company. Previously, Cherry held positions at Deloitte & Touche, Pacific Bell, and Gap, Inc. She holds a bachelor's degree and an MBA from Stanford University.  

Stephen Cairns, currently PG&E Corporation vice president and controller, was named vice president internal audit and compliance. He will be responsible for internal auditing, compliance and ethics, and Sarbanes-Oxley oversight. He will report to Mr. Suri.

Cairns joined PG&E Corporation in 2006 as senior director, internal auditing. Previously, he held positions with ScottishPower and Ernst & Young. Cairns holds degrees in business and finance from Brighton University, UK.

Dinyar Mistry, currently vice president and chief risk and audit officer, was named vice president and controller of PG&E Corporation and Pacific Gas and Electric Company. Mistry will assume responsibility for leading the companies' accounting functions, including overseeing SEC reporting, operations and transactional accounting, tax, payroll, accounts payable and general ledger responsibilities. He will report to Mr. Harvey.

Mistry joined Pacific Gas and Electric Company in 1994. Prior to his current role, he served as vice president and controller of the utility and vice president of regulation and rates. Before joining the utility, Mistry was a senior manager with KPMG. He holds a Bachelor of Commerce from Bombay University, an MBA from Texas Christian University and a Master of Science from Golden Gate University. He is also registered as a Certified Public Accountant in the state of California.

SOURCE PG&E Corporation