Reliant Energy, a provider of electricity and energy services, has appointed Rick Dobson as its executive vice president and CFO effective October 29, 2007.
Mark Jacobs, president and CEO of Reliant Energy, said: Ensuring that we have the right team in place to execute our value creation strategy has been one of my highest priorities. Rick has a proven track record as a successful CFO for two public companies as well as a background in the energy industry. He has the right skills and insights to lead Reliant’s disciplined capital investment strategy.
Mr Dobson fills the position vacated when Mr Jacobs took over as CEO earlier in 2007. He brings more than 25 years of experience in the financial and energy industries to his new role. Most recently, Mr Dobson served as CFO of Novelis, where, among other accomplishments, he instituted a risk management discipline and systems for aluminum, energy and foreign currency risks. Prior to that, he served as CFO of Aquila from 2002 to 2006, where he led the successful financial restructuring of the credit-challenged entity.
In his new role, Mr Dobson will be responsible for leading the financial aspects of Reliant’s new strategic plan and creating the infrastructure to support Reliant’s disciplined approach to capital investment. He will oversee the operation of the finance, accounting, investor relations, performance management, internal audit and information technology functions at the company.