People: Calpine Corp (CPN)

CPN on New York Consolidated

22.64USD
21 Aug 2014
Price Change (% chg)

$0.07 (+0.31%)
Prev Close
$22.57
Open
$22.59
Day's High
$22.95
Day's Low
$22.53
Volume
2,252,890
Avg. Vol
2,951,132
52-wk High
$24.24
52-wk Low
$18.46

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Summary

Name Age Since Current Position

Jack Fusco

51 2014 Executive Chairman of the Board

John Hill

46 2014 President, Chief Executive Officer, Director

Zamir Rauf

54 2008 Chief Financial Officer, Executive Vice President

W Miller

63 2008 Executive Vice President, Chief Legal Officer, Secretary

Steven Pruett

2014 Executive Vice President and Chief Commercial Officer

Jim Deidiker

58 2010 Chief Accounting Officer, Senior Vice President

Hether Brown

2014 Senior Vice President, Chief Administrative Officer

Frank Cassidy

67 2008 Independent Director

Robert Hinckley

66 2008 Independent Director

Michael Hofmann

55 2013 Independent Director

David Merritt

59 2006 Independent Director

W. Benjamin Moreland

50 2008 Independent Director

Robert Mosbacher

62 2009 Independent Director

Denise O'Leary

56 2008 Independent Director

Biographies

Name Description

Jack Fusco

Mr. Jack A. Fusco has been appointed as Executive Chairman of the Board of Calpine Corp., effective May 2014. He served as our Chief Executive Officer and as a member of our Board of Directors since August 10, 2008. Following the conclusion of our Annual Meeting, Mr. Fusco will resign as Chief Executive Officer and will continue to be employed as the Company’s Executive Chairman. He previously served as our President from August 2008 to December 2012. From July 2004 to February 2006, Mr. Fusco served as the Chairman and Chief Executive Officer of Texas Genco LLC. From 2002 through July 2004, Mr. Fusco was an exclusive energy investment advisor for Texas Pacific Group. From November 1998 until February 2002, he served as President and Chief Executive Officer of Orion Power Holdings, Inc. Prior to his founding of Orion Power Holdings, Inc., Mr. Fusco was a Vice President at Goldman Sachs Power, an affiliate of Goldman, Sachs & Co. Prior to joining Goldman Sachs, Mr. Fusco was employed by Pacific Gas & Electric Company or its affiliates in various engineering and management roles for approximately 13 years. Mr. Fusco obtained a Bachelor of Science degree in Mechanical Engineering from California State University, Sacramento. Mr. Fusco served as a director on the board of Foster Wheeler Ltd., a global engineering and construction contractor and power equipment supplier, until February 2009 and Graphics Packaging Holdings, a paper and packaging company, until 2008. Mr. Fusco’s current management and leadership roles in the operation of Calpine Corporation coupled with more than 30 years of experience in the power industry, including as former Chief Executive Officer of two independent power companies, provide him with strong insight, particularly with regard to commercial and power operations, power sector strategy, commodities and management matters and would make Mr. Fusco a valuable and effective Executive Chairman.

John Hill

Mr. John B. Hill is President, Chief Executive Officer, Director of Calpine Corporation. Thad Hill became Calpine’s President and Chief Executive Officer and a member of its Board of Directors in May 2014. Mr. Hill joined the company in September 2008 as Executive Vice President and Chief Commercial Officer. He became Chief Operating Officer in October 2010 and was named President in December 2012. Prior to Calpine, Mr. Hill was with NRG Energy from 2006 to 2008, serving as President of NRG Texas in 2007- 2008. Prior to NRG, Mr. Hill was Executive Vice President of Strategy and Business Development at Texas Genco LP from 2005 to 2006. From 1995 to 2005, he was with Boston Consulting Group Inc., where he rose to Partner and Managing Director and led the North American energy practice, serving companies in the power and gas sector with a focus on commercial and strategic issues. Mr. Hill received his Bachelor of Arts degree from Vanderbilt University magna cum laude and a Master of Business Administration degree from the Amos Tuck School of Dartmouth College, where he was elected an Edward Tuck Scholar.

Zamir Rauf

Mr. Zamir Rauf is Chief Financial Officer, Executive Vice President of Calpine Corp. Previously, he served as Senior Vice President, Finance and Treasurer from September 2007 until his appointment as Interim Chief Financial Officer. Since joining the Company in February 2000, Mr. Rauf has served as Manager, Finance from February 2000 to April 2001, Director, Finance from April 2001 to December 2002, Vice President, Finance from December 2002 to July 2005 and Senior Vice President, Finance from July 2005 to September 2007. Prior to joining the Company, Mr. Rauf held various accounting and finance roles with Enron North America and Dynegy Inc., as well as credit and lending roles with Comerica Bank. Mr. Rauf earned his Bachelor of Arts degree in Business and Commerce and Masters in Business Administration – Finance degree from the University of Houston.

W Miller

Mr. W. Thaddeus Miller is Executive Vice President, Chief Legal Officer, Secretary of Calpine Corporation. Prior to joining the Company, Mr. Miller most recently served as Executive Vice President and Chief Legal Officer of Texas Genco LLC from December 14, 2004 until 2006. From 2002 to 2004, Mr. Miller was a consultant to Texas Pacific Group, a private equity firm. From 1999 to 2002, he served as Executive Vice President and Chief Legal Officer of Orion Power Holdings, Inc., an independent power producer. From 1994 to 1999, Mr. Miller was a Vice President of Goldman Sachs & Co., where he focused on wholesale electric and other energy commodity trading. Before joining Goldman Sachs & Co., Mr. Miller was a partner in a New York law firm. Mr. Miller earned his Bachelor of Science degree from the U.S. Merchant Marine Academy and his Juris Doctor degree from St. John’s School of Law. In addition, Mr. Miller was an officer in the U.S. Coast Guard from 1973 through 1976.

Steven Pruett

Mr. Steven D. Pruett is Executive Vice President and Chief Commercial Officer of the Company. Steven D. Pruett has been Chief Commercial Officer since May 2014 and Executive Vice President since January 1, 2014. He has led our Commercial Operations team since joining Calpine in June 2011 and previously served as Senior Vice President of Commercial Operations. From 1997-2006, Steve was at Goldman Sachs, first as a Vice President then as a Managing Director; from 1997-2001 he helped launch and then run trading at Constellation Power Source, as a joint venture between Goldman Sachs and Baltimore Gas & Electric, until Goldman liquidated the joint venture; he then launched and led Goldman Sachs’ power trading unit until retiring in 2006. In 1995-96, Steve set up and managed trading operations for Cinergy (now Duke Energy). Steve began his career at PSI Energy, where he worked from 1978-1994 in positions of increasing responsibility, including management of wholesale power market transactions. He holds a Bachelor of Science in accounting from Indiana State University.

Jim Deidiker

Mr. Jim D. Deidiker is Chief Accounting Officer, Senior Vice President of Calpine Corp. Mr. Deidiker served as the Company’s Senior Vice President and Chief Accounting Officer since joining the Company in January 2008 until May 2010, when he resigned as the Company’s Chief Accounting Officer due to health concerns, but remained an employee. Mr. Deidiker returned to his role as the Company’s Senior Vice President and Chief Accounting Officer once his health concerns were resolved. Prior to joining the Company, Mr. Deidiker most recently served as Vice President and Controller of Texas Genco LLC from 2005 to 2006 where he was responsible for financial and public reporting as well as management of the accounting function. From 1998 to 2005, Mr. Deidiker served as Managing Director & Vice President, Administration of AEP Energy Services, Inc. where he was responsible for management of the accounting function, financial reporting, contract administration and risk management for the gas pipeline and trading segment of AEP Energy Services, Inc. Mr. Deidiker obtained a Bachelor of Science degree in Accounting from Missouri State University and a Master in Business Administration degree from the University of Houston. In addition, Mr. Deidiker is a Certified Public Accountant and Certified Management Accountant.

Hether Brown

Ms. Hether Benjamin Brown is Senior Vice President, Chief Administrative Officer of the Company. In this role, she oversees the company’s Human Resources, Information Technology and Facilities functions. Ms. Benjamin Brown previously served as Calpine’s Senior Vice President of Human Resources beginning in February 2012. In this role, she led staffing and talent acquisition, organizational development, and compensation and benefits. She joined Calpine in May 2009 as Vice President of Supply Chain Services, and in that position she transformed and centralized Calpine’s supply chain function to improve efficiency, lower costs and leverage the company’s size and scale nationally. Prior to joining Calpine, she was Director of Supply Chain Management for the University of Texas M.D. Anderson Cancer Center. Previously, Ms. Benjamin Brown served in leadership roles of increasing responsibility at other public- and private-sector organizations in the aerospace/defense, environmental/waste and information technology industries. She holds a Bachelor of Arts in political science from the University of Texas at Arlington and a Master of Business Administration from Texas Women’s University.

Frank Cassidy

Mr. Frank Cassidy is Independent Director of Calpine Corporation. From 1969 to his retirement in 2007, Mr. Cassidy was employed at Public Service Enterprise Group, Inc. (“PSEG”), an energy and energy services company. From 1999 to 2007, Mr. Cassidy served as President and Chief Operating Officer of PSEG Power LLC, the wholesale energy subsidiary of PSEG. From 1996 to 1999, Mr. Cassidy was President and Chief Executive Officer of PSEG Energy Technologies, Inc. Prior to 1996, Mr. Cassidy held various positions of increasing responsibility at the Public Service Electric and Gas Company. Mr. Cassidy obtained a Bachelor of Science degree in Electrical Engineering from the New Jersey Institute of Technology and a Master of Business Administration degree from Rutgers University. Mr. Cassidy is the Chairman of the Compensation Committee. Mr. Cassidy’s almost 40 years of diversified experience in the power generation and energy industries in various positions of increasing responsibility with PSEG provide him with strong insight, particularly with regard to power operations, power sector strategy, management and corporate governance matters, and make him a qualified member of our Board and effective Chairman of our Compensation Committee.

Robert Hinckley

Mr. Robert C. Hinckley is Independent Director of the Calpine Corporation. From 1999 to 2001, Mr. Hinckley was an advisor to Xilinx, Inc., a supplier of programmable logic devices, and from 1991 to 1999 he was the Vice President, Strategic Plans and Programs as well as General Counsel and Secretary of Xilinx, Inc. In 1994, he also served as Xilinx’s Chief Operating Officer. Prior to joining Xilinx, Mr. Hinckley was the Senior Vice President and Chief Financial Officer of Spectra Physics, Inc. Mr. Hinckley spent 11 years on active duty in the U.S. Navy. Mr. Hinckley obtained a Bachelor of Science degree from the U.S. Naval Academy. Mr. Hinckley is an adjunct Professor of Law at Tulane Law School and is the Chairman of the Law School Dean’s Advisory Board. He earned his Juris Doctorate degree from Tulane University Law School. Mr. Hinckley currently serves as the Chairman and Managing Director of MCL Intellectual Property LLC and participates as a member of the board of directors and advisory boards of several privately held and non-profit companies. Mr. Hinckley is a member of both the Audit Committee and the Nominating and Governance Committee. Mr. Hinckley’s legal expertise, including service as corporate general counsel and as a member of other boards of directors provide him with strong insight, particularly with regard to legal and corporate governance matters, and make him a valuable member of our Board and of our Audit Committee and Nominating and Governance Committee.

Michael Hofmann

Mr.Michael W. Hofmann is an Independent Director of Calpine Corporation on May 10, 2013. From 1991 until his retirement in 2012, Mr. Hofmann was employed in various capacities at Koch Industries, Inc. (“Koch”), one of the largest private companies in America active in refining, chemicals and biofuels; forest and consumer products; fertilizers; polymers and fibers; process and pollution control equipment and technologies; commodity trading and services; minerals; ranching; and investments. From 2005 until 2012, Mr. Hofmann served as Vice President and Chief Risk Officer at Koch and also held the position of Chief Risk Officer since 2000 after serving as Chief Market Risk Officer during 1999. Prior to 1999, Mr. Hofmann held various positions of increasing responsibility at Koch, including in its commodity trading operations. Before joining Koch, he had a seven-year audit career with KPMG Peat Marwick. Mr. Hofmann previously served as a member of the economic advisory council for the Federal Reserve Bank of Kansas City and as a member of the Board of Trustees of the Global Association of Risk Professionals, a globally recognized membership association for risk managers. Mr. Hofmann obtained a Master of Business Administration degree as well as a Bachelor of Business Administration degree in Accounting from Wichita State University. He is a Certified Public Accountant and National Association of Corporate Directors Board Leadership Fellow. Mr. Hofmann's knowledge and expertise in enterprise risk management and commodity trading operations developed during his 21 years at Koch provide him with strong insight, particularly with regard to strategy, commodities, finance and valuation matters and make him a valuable member of our Board and of our Audit Committee and Compensation Committee.

David Merritt

Mr. David C. Merritt is Independent Director of Calpine Corporation. Mr. Merritt was owner of BC Partners, Inc. from 2009 through 2013 and served as Senior Vice President and Chief Financial Officer of iCRETE LLC from October 2007 to March 12, 2009. Mr. Merritt was an audit and consulting partner of KPMG LLP from 1985 to 1999. Mr. Merritt also serves as a director of Taylor Morrison Home Corporation, where he serves as a member of the Audit Committee and Charter Communications, Inc., where he serves as Chairman of the Audit Committee. Mr. Merritt obtained a Bachelor of Science degree in Business and Accounting from California State University, Northridge. Mr. Merritt’s knowledge and expertise in accounting developed during his 14 years as a partner in a major accounting firm and his service on other boards of directors, including as chairman of other board audit committees provide him with strong insight, particularly with regard to accounting and financial matters, and make him a valuable member of the Board and effective Chairman of our Audit Committee.

W. Benjamin Moreland

Mr. W. Benjamin Moreland is Independent Director of Calpine Corporation. Since 1999, Mr. Moreland has been employed by Crown Castle International Corp., a provider of wireless communications infrastructure in Australia, Puerto Rico and the U.S., in various capacities, including his current position as President and Chief Executive Officer and, prior to that, as Executive Vice President and Chief Financial Officer. Mr. Moreland is also a director at Crown Castle International. Prior to joining Crown Castle International, he held various positions in corporate finance and real estate investment banking with Chase Manhattan Bank from 1984 to 1999. Mr. Moreland obtained a Bachelor of Business Administration degree from the University of Texas and a Master of Business Administration degree from the University of Houston. Mr. Moreland is a member of the Audit Committee. Mr. Moreland’s successful leadership and executive experience as a Chief Executive Officer and Chief Financial Officer provide him with strong insight, particularly with regard to finance, equity markets, valuation and management matters, and make him a valuable member of our Board and of our Audit Committee.

Robert Mosbacher

Mr. Robert A. Mosbacher, Jr., is Independent Director of Calpine Corporation. Mr. Mosbacher is the Chairman of Mosbacher Energy Company, a privately-held independent oil and gas exploration and production company located in Houston, Texas. Prior to that, Mr. Mosbacher was appointed by President George W. Bush in 2005 as the President and Chief Executive Officer of the Overseas Private Investment Corporation (“OPIC”), an independent U.S. government agency that helps small, medium and large American businesses expand into developing nations and emerging markets around the globe; he served in that position through January 2009. From 1986 until 2005, he served as President and Chief Executive Officer of Mosbacher Energy Company. From 1995 to 2003, Mr. Mosbacher also served as Vice Chairman of Mosbacher Power Group LLC. From August 1999 to October 2005, Mr. Mosbacher served as a Director of the Devon Energy Corporation. He also served on Devon’s Compensation Committee from June 2003 to October 2005. In April 2009, Mr. Mosbacher resumed his role as a director of Devon, and in June 2009 he resumed his role as a member of Devon’s Compensation Committee and the Nominating and Governance Committee. Mr. Mosbacher obtained a Bachelor of Arts degree in Political Science from Georgetown University and a Juris Doctorate from Southern Methodist University. Mr. Mosbacher is a member of the Compensation Committee and the Nominating and Governance Committee. Mr. Mosbacher’s extensive and varied management experience in the energy sector including natural gas and independent power generation, his experience with the Federal government at OPIC, and his service as a member of other boards and board committees provide him with strong insight, particularly with regard to energy, management and government and community relations matters, and make him a valuable member of our Board and of our Compensation Committee and Nominating and Governance Committee.

Denise O'Leary

Ms. Denise M. O'Leary is Independent Director of Calpine Corporation.Since 1996, she has been a private venture capital investor in a variety of early stage companies. From 1983 to 1996, Ms. O’Leary was an associate, then general partner, at Menlo Ventures, a venture capital firm providing long-term capital and management services to development stage companies. From 2002 to 2006, Ms. O’Leary was a member of the Board of Directors of Chiron Corporation, at which time the company was sold to Novartis AG. Previously a director of U.S. Airways Group Inc., Ms. O’Leary became a director of American Airlines Group Inc. in December 2013 upon the completion of the merger of the two airlines and American Airlines’ emergence from bankruptcy. She is also a director of Medtronic, Inc., where she serves as a member of the Compensation Committee. She obtained a Bachelor of Science degree in Industrial Engineering from Stanford University and obtained a Master in Business Administration from Harvard Business School. Ms. O’Leary is the Chair of the Nominating and Governance Committee and a member of the Compensation Committee. Ms. O’Leary’s knowledge and understanding of capital markets as a result of her experiences as a venture capital investor as well as her experience serving as a director and member of committees of other boards of directors provide her with strong insight, particularly with regard to corporate governance, ethics and financial matters, and make her a valuable member of our Board and of our Compensation Committee and Chair of our Nominating and Governance Committee.

Basic Compensation

Name Fiscal Year Total

Jack Fusco

8,071,390

John Hill

2,923,220

Zamir Rauf

2,400,700

W Miller

3,271,230

Steven Pruett

--

Jim Deidiker

1,070,640

Hether Brown

--

Frank Cassidy

--

Robert Hinckley

--

Michael Hofmann

--

David Merritt

--

W. Benjamin Moreland

--

Robert Mosbacher

--

Denise O'Leary

--
As Of 30 Dec 2013

Options Compensation

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