Wall Street Journal Reported Earlier: Elliott Investment Management Seeks To Replace NRG Energy CEO Mauricio Gutierrez; Elliott Is In Talks With Candidates To Replace CEO, Other Executives, Sources Say
Portfolio Pulse from Charles Gross
Elliott Investment Management is seeking to replace NRG Energy CEO Mauricio Gutierrez and is in talks with potential candidates to replace him and other executives, according to Wall Street Journal sources.
June 21, 2023 | 11:38 pm
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Elliott Investment Management's push to replace NRG Energy CEO Mauricio Gutierrez may cause short-term uncertainty for NRG's stock.
Elliott Investment Management's push to replace NRG Energy CEO Mauricio Gutierrez and other executives may lead to short-term uncertainty for the company's stock. Investors may be concerned about potential changes in the company's direction and strategy, which could negatively impact the stock price in the short term.
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