Houston, April 11, 2011 — Dynegy Inc. announced that E. Hunter Harrison, currently a Dynegy director, has been appointed interim president and CEO. Harrison replaces David W. Biegler, who has served as Dynegy’s interim president and CEO.
“We are pleased that Hunter Harrison will serve as interim president and CEO,” Biegler said. “This is an important step as we execute the transition to new leadership. Harrison brings a connection with the recently appointed members of the board of directors, as well as significant business experience and a strong interest in moving the company forward.”
Harrison’s appointment was made upon the recommendation of the Dynegy Board of Directors’ Governance and Nominating Committee, which includes the four new directors elected on March 9, 2011.
Biegler will continue to serve as an independent Dynegy director along with Patricia A. Hammick, Victor E. Grijalva, Howard B. Sheppard and William L. Trubeck. These five directors will not stand for re-election at the company’s annual meeting of stockholders on June 15, 2011, in Houston; until that time, Hammick will continue to serve as chairman of the board. The Governance and Nominating Committee continues with its search for an individual to serve Dynegy as its future president and CEO.
Harrison, 66, served as the president and CEO of Canadian National Railway Co. from January 2003 until December 2009 and as its Chief Operating Officer from 1998 until 2003. Prior to joining Canadian National Railway, Harrison was the president and CEO of Illinois Central Railroad from 1993 until February 1998 and its CEO from 1989 to 1993.
Harrison served on the board of directors of Canadian National Railway from December 1999 until December 2009. Harrison also served on the boards of The American Association of Railroads, The Belt Railway of Chicago, Terminal Railway, Wabash National Co., Illinois Central Railroad and TTX Co.
