California energy company PG&E Corp. yesterday named William Johnson as Chief Executive Officer and president, and said it would appoint 10 new directors to its board as it navigates through bankruptcy, Reuters reported. Johnson has been the CEO of the Tennessee Valley Authority since 2013. PG&E said seven current board directors were stepping down. The company faces crushing liabilities related to deadly wildfires in 2017 and 2018 that killed dozens of people and destroyed thousands of homes.
