PG&E Chief Executive to Retire in June

PG&E Chief Executive to Retire in June

Pacific Gas & Electric said on Wednesday that its chief executive, Bill Johnson, would retire at the end of June after seeing the troubled company through its bankruptcy.

Mr. Johnson, a utility industry veteran, joined PG&E last May after it was forced to seek bankruptcy protection because of billions of dollars in claims from wildfires started by its equipment.

“I joined PG&E to help get the company out of bankruptcy and stabilize operations. By the end of June, I expect that both of these goals will have been met,” Mr. Johnson said in a statement.

This is a developing story. Check back for updates.

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