PG&E Announces New Risk and Safety Leadership Structure

PG&E Corporation and Pacific Gas and Electric Company (together “PG&E”) today announced changes to the risk and safety leadership structure to further strengthen the utility’s enterprise-wide risk mitigation and operational safety capabilities. PG&E currently has a Vice President of Internal Audit and Chief Risk Officer whose duties include enterprise risk, internal audit, Sarbanes-Oxley compliance, market and credit risk management, third party risk management, loss control and insurance. Going forward, those responsibilities will be split between two senior leaders, a Chief Risk Officer and a Chief Audit Officer. Additionally, PG&E is elevating the current position of Chief Safety Officer to a Senior Vice President role.

“Our new leadership structure is consistent with the commitments we made to the Governor’s Office and the California Public Utilities Commission to help improve our safety culture and our operational outcomes,” said PG&E Corporation’s Interim Chief Executive Officer Bill Smith. “We are bolstering our leadership team so we can further integrate industry-leading risk management approaches across all of our business.”

Sumeet Singh, who previously led PG&E’s wildfire safety efforts through 2019, is returning to PG&E and has been appointed Senior Vice President and Chief Risk Officer (CRO), effective August 1, 2020. In this CRO capacity, he will report directly to PG&E Corporation’s Interim Chief Executive Officer Bill Smith. As Chief Risk Officer, Singh will have oversight over all risk management related to PG&E’s operations and public safety. This includes risks associated with wildfires, nuclear, dams, natural gas and natural disasters, as well as other strategic risks confronting utilities, including those relating to cyber-attacks, pandemic and other catastrophic events. Singh will also be responsible for evaluating risks associated with the Public Safety Power Shutoff program (PSPS).