PG&E will replace half of its board of directors in an attempt to bring in "fresh perspectives", with a maximum of five existing directors due to stand for election at May's annual shareholders meeting. The company said it would also appoint two new independent directors, one from the public and another from outside the company. PG&E, which has filed for bankruptcy protection, said it was seeking expertise in "safety, operations and other critical areas". The company could face billions of dollars in liability from Northern California's 2017 and 2018 wildfires, following allegations it falsified gas-safety records.
PG&E will replace half of its board of directors in an attempt to bring in "fresh perspectives", with a maximum of five existing directors due to stand for election at May's annual shareholders meeting. The energy company said it intends to have 11 independent directors going forward, after external calls for "systematic" management change. PG&E, which has filed for bankruptcy protection, said it was seeking expertise in "safety, operations and other critical areas". The company could face billions of dollars in liability from Northern California's 2017 and 2018 wildfires, following allegations it falsified gas-safety records.