PG&E Management

Management criteria checks 2/4

PG&E's CEO is Patti Poppe, appointed in Jan 2021, has a tenure of 3.33 years. total yearly compensation is $16.99M, comprised of 8.2% salary and 91.8% bonuses, including company stock and options. directly owns 0.074% of the company’s shares, worth $26.94M. The average tenure of the management team and the board of directors is 2.9 years and 3.8 years respectively.

Key information

Patti Poppe

Chief executive officer

US$17.0m

Total compensation

CEO salary percentage	8.2%
CEO tenure	3.3yrs
CEO ownership	0.07%
Management average tenure	2.9yrs
Board average tenure	3.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Patti Poppe's remuneration changed compared to PG&E's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$2b
Dec 31 2023	US$17m	US$1m	US$2b
Sep 30 2023	n/a	n/a	US$2b
Jun 30 2023	n/a	n/a	US$2b
Mar 31 2023	n/a	n/a	US$2b
Dec 31 2022	US$14m	US$1m	US$2b
Sep 30 2022	n/a	n/a	US$2b
Jun 30 2022	n/a	n/a	US$212m
Mar 31 2022	n/a	n/a	US$253m
Dec 31 2021	US$51m	US$1m	-US$102m

Compensation vs Market: Patti's total compensation ($USD16.99M) is above average for companies of similar size in the UK market ($USD5.62M).

Compensation vs Earnings: Patti's compensation has increased by more than 20% in the past year.

CEO

Patti Poppe (54 yo)

3.3yrs

Tenure

US$16,994,839

Compensation

Ms. Patricia Kessler Poppe, also known as Patti, is Director at Associated Electric & Gas Insurance Services Limited since February 2020. She has been Chief Executive Officer and Director of PG&E Corporati...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Patricia Poppe	CEO & Director	3.3yrs	US$16.99m	0.074% $ 26.9m
Carolyn Burke	CFO & Executive VP	less than a year	US$4.54m	0.00094% $ 343.7k
John Simon	Executive VP	3.8yrs	US$4.99m	0.014% $ 5.2m
Stephanie Williams	Vice President and Controller	1.3yrs	US$1.34m	0.0026% $ 943.4k
Ajay Waghray	Executive VP & Chief Information Officer	3.7yrs	no data	0.0051% $ 1.9m
Jonathan Arnold	Vice President of Investor Relations	1.5yrs	no data	no data
Kaled Awada	Executive VP & Chief People Officer	less than a year	no data	0% $ 0
Stephen Cairns	VP & Chief Audit Officer	8.7yrs	no data	no data
Carla Peterman	Executive Vice President of Corporate Affairs & Chief Sustainability Officer	2.9yrs	no data	0.0020% $ 716.7k
Matthew Hayes	VP of Enterprise Health & Safety and Chief Safety Officer	1.3yrs	no data	no data
Alejandro Vallejo	Chief Risk Officer and Senior VP of Ethics & Compliance	no data	no data	no data
Brian Wong	VP, Deputy General Counsel & Corporate Secretary	4.3yrs	no data	no data

2.9yrs

Average Tenure

54.5yo

Average Age

Experienced Management: 0QR3's management team is considered experienced (2.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Patricia Poppe	CEO & Director	3.3yrs	US$16.99m	0.074% $ 26.9m
Robert Flexon	Independent Non-Executive Chairman of the Board	3.8yrs	US$480.00k	0.0032% $ 1.2m
William Smith	Independent Director	4.6yrs	US$317.49k	0.0099% $ 3.6m
Michael Niggli	Independent Director	3.8yrs	US$260.00k	0.0013% $ 457.1k
Arno Harris	Independent Director	3.8yrs	US$299.99k	0.0022% $ 793.5k
Rajat Bahri	Independent Director	3.8yrs	US$299.99k	0.0018% $ 647.2k
Benjamin Wilson	Independent Director	3.8yrs	US$290.00k	0.00054% $ 197.4k
Jessica Denecour	Independent Director	3.8yrs	US$275.00k	0.0012% $ 449.7k
Kerry Cooper	Independent Director	3.8yrs	US$299.99k	0.00080% $ 292.5k
William Fugate	Independent Director	3.8yrs	US$299.99k	0.0018% $ 647.2k
Mark Ferguson	Independent Director	3.8yrs	US$280.00k	0.0018% $ 647.2k
Cheryl Campbell	Independent Director	5.1yrs	US$339.99k	0.0020% $ 742.3k

3.8yrs

Average Tenure

63.5yo

Average Age

Experienced Board: 0QR3's board of directors are considered experienced (3.8 years average tenure).

PG&E Management

Management criteria checks 2/4

Key information

Recent management updates

PG&E Corporation, Annual General Meeting, May 16, 2024

Pg&E Corporation and Pacific Gas and Electric Company Appoints Kaled Awada as Chief People Officer and Executive Vice President

PG&E Corporation and Pacific Gas and Electric Company Announces Resignation of Julius Cox as Executive Vice President, People, Shared Services and Supply Chain, Effective September 25, 2023

PGE Corporation Names Sumeet Singh as Executive Vice President, Operations and Chief Operating Officer

PG&E and Pacific Gas and Electric Announces Management Changes

PG&E Corporation, Pacific Gas and Electric Company, Annual General Meeting, May 19, 2022

Recent updates

PG&E in Talks with KKR to Sell Interest in Pacific Generation

First quarter 2024 earnings released: EPS: US$0.34 (vs US$0.29 in 1Q 2023)

PG&E Corporation to Report Q1, 2024 Results on Apr 25, 2024

Upcoming dividend of US$0.01 per share

New minor risk - Earnings quality

Full year 2023 earnings released: EPS: US$1.09 (vs US$0.91 in FY 2022)

PG&E Corporation Increases Earnings Guidance for 2024

PG&E Corporation Declares Dividend for the First-Quarter 2024, Payable on April 15, 2024

PG&E Corporation, Annual General Meeting, May 16, 2024

Pg&E Corporation and Pacific Gas and Electric Company Appoints Kaled Awada as Chief People Officer and Executive Vice President

Upcoming dividend of US$0.01 per share at 0.2% yield

New minor risk - Shareholder dilution

PG&E Corporation Declares Regular Quarterly Cash Dividend, Payable January 15, 2024

PG&E Corporation Revises GAAP Earnings Guidance for 2023

PG&E Corporation Revises GAAP Earnings Guidance for 2023

Third quarter 2023 earnings released: EPS: US$0.17 (vs US$0.23 in 3Q 2022)

PG&E Corporation to Report Q3, 2023 Results on Oct 26, 2023

PG&E Corporation Files Form 15

PG&E Corporation Files Form 15

PG&E Corporation and Pacific Gas and Electric Company Announces Resignation of Julius Cox as Executive Vice President, People, Shared Services and Supply Chain, Effective September 25, 2023

PG&E Corporation Provides Earnings Guidance for the Full Year 2023

Second quarter 2023 earnings released: EPS: US$0.20 (vs US$0.18 in 2Q 2022)

New minor risk - Dividend sustainability

Now 22% undervalued

PG&E Corporation Provides Earnings Guidance for the Year of 2023

First quarter 2023 earnings released: EPS: US$0.29 (vs US$0.24 in 1Q 2022)

Now 21% undervalued

Now 20% undervalued

Now 20% undervalued

Full year 2022 earnings released: EPS: US$0.91 (vs US$0.051 loss in FY 2021)

PGE Corporation Names Sumeet Singh as Executive Vice President, Operations and Chief Operating Officer

PG&E Corporation to Report Q4, 2022 Results on Feb 23, 2023

PG&E and Pacific Gas and Electric Announces Management Changes

Pg&E Corporation Provides Earnings Guidance for the Year 2022 and 2023

Third quarter 2022 earnings released: EPS: US$0.23 (vs US$0.55 loss in 3Q 2021)

Lawsuit Filed Against Pg&E Alleges Utility Company Responsible for Mosquito Fire

Second quarter 2022 earnings released: EPS: US$0.18 (vs US$0.20 in 2Q 2021)

PG&E Corporation Revises Earnings Guidance for the Year 2022

PG&E Corporation Provides Earnings Guidance for the Year 2021

PG&E Corporation, Pacific Gas and Electric Company, Annual General Meeting, May 19, 2022

PG&E Corporation to Report Q4, 2021 Results on Feb 10, 2022

PG&E Corporation(NYSE:PCG) dropped from Russell 2500 Value Index

Pg&E Corporation Provides Earning Guidance for the Year 2021

Pg&E Corporation Disputes Criminal Charges Related to 2019 Kincade Fire

Pacific Gas and Electric Company Appoints Joe Bentley as Senior Vice President, Electric Engineering

PG&E Corporation Appoints Joseph Forline as Senior Vice President, Gas Operations, Effective March 8, 2021

PG&E Corporation to Report Q4, 2020 Results on Feb 25, 2021

Pacific Gas and Electric Company, PG&E Corporation, Annual General Meeting, May 20, 2021

Baron & Budd Files Suit Against PG&E Corporation and Pacific Gas & Electric Company for Zogg Fire Damages

PG&E Corporation Appoints Patricia K. "Patti" Poppe as Member of Its Board of Directors

Wildfire Recovery Attorneys File Suit Against PG&E for 2019 Kincade Fire Damages to Public Resources

PG&E Corporation to Report Q3, 2020 Results on Oct 29, 2020

PG&E Corporation(NYSE:PCG) dropped from Dow Jones Utility Average Index

Pacific Gas and Electric Company Announces Appointment of Chris Foster as Interim Chief Financial Officer

PG&E Corporation Announces Jason P. Wells, Chief Financial Officer Is Resigning from His Positions Effective September 25, 2020

PG&E Corporation to Report Q2, 2020 Results on Jul 30, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age