|
|
|
|
Vistra Names New CFO
The following story is brought free of charge to readers by EC Infosystems, the exclusive EDI provider of EnergyChoiceMatters.com
Vistra, the parent of several retail suppliers including TXU, announced that its board of directors has appointed Kris Moldovan as its next chief financial officer, effective Aug. 1.
Moldovan assumes the CFO role from Jim Burke, who, as previously reported, will transition to chief executive officer on Aug. 1.
Moldovan has been with Vistra and its predecessor companies since 2006 and, for the past five years, has served as senior vice president and treasurer, where he is responsible for all treasury-related activities, including financing activities and assuring availability of liquidity and cash resources, among other responsibilities. Moldovan originally joined the company as senior counsel, where much of his work focused on finance and mergers and acquisitions.
In an 8-K, Vistra said, "In connection with his appointment, the Company entered into an employment agreement (the 'Employment Agreement') with Mr. Moldovan effective as of the Effective Date. The Employment Agreement has an initial term that ends on August 1, 2025, which will extend for additional one-year terms unless either party provides at least sixty days written notice prior to the expiration of such term. Pursuant to the Employment Agreement, Mr. Moldovan will receive an annual base salary of $615,000 and will also have the opportunity to earn an annual cash bonus under the Company’s Executive Annual Incentive Plan. Mr. Moldovan’s target annual bonus opportunity is 80% of his base salary. The Employment Agreement also provides Mr. Moldovan the opportunity to receive equity compensation under the Company’s Amended and Restated 2016 Omnibus Incentive Plan. Mr. Moldovan will receive an initial grant of $1,000,000 in restricted stock units on the Effective Date, which will vest ratably over three years."
ADVERTISEMENT Copyright 2010-21 Energy Choice Matters. If you wish to share this story, please
email or post the website link; unauthorized copying, retransmission, or republication
prohibited.
July 21, 2022
Email This Story
Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
NEW Jobs on RetailEnergyJobs.com:
• NEW! -- Controller for C&I-only Retail Electricity Supplier
• NEW! -- Energy Advisor, PJM -- Retail Supplier
• NEW! -- Senior Retail Transportation Analyst (Gas Transport Services)
• NEW! -- Sales Business Development Manager – Residential Sales
-- Retail Supplier
• NEW! -- Regulatory Affairs Specialist
-- Retail Supplier -- Houston
• NEW! -- Senior Supply & Schedule Analyst
-- Retail Supplier
• NEW! --
Field Analyst I, Sales Quality
-- Retail Supplier
• NEW! --
Regulatory Compliance and Strategy Manager
-- Retail Supplier
• NEW! --
Channel Marketing Strategy Lead
-- Retail Supplier
•
Accounting Manager -- Retail Supplier
•
Business Development Analyst -- Retail Supplier
•
Chief Sales and Marketing Officer -- Retail Supplier
•
Regional Manager: Power Marketing
• Gas Scheduler I - Retail Supplier
|
|
|