The chief executive for PG&E has stepped down, and the utility said its board of directors is searching for a new CEO, according to a company announcement Sunday.
Geisha Williams resigned from her position as CEO and was replaced on an interim basis by Executive Vice President and General Counsel John Simon, PG&E said.
PG&E is being investigated for its role in multiple deadly wildfires across California. The company’s stock has plummeted in recent months and there have been reports it was on the verge of bankruptcy.
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