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PG&E Names Chief Risk and Audit Officer

Jaclyn Jaeger | February 26, 2010

PG&E Corporation and its utility unit, Pacific Gas and Electric Company, announced the election of two new officers and new assignments for key team members within the companies' finance and risk organizations.

PG&E Corporation and Pacific Gas and Electric Company named Anil Suri as vice president and chief risk and audit officer. Suri will have primary responsibility for enterprise risk management, market and credit risk, and corporate security. Suri will also serve as the companies' chief audit officer. Suri has spent more than a decade in the field of risk management and has extensive experience in the energy sector. In addition to founding a risk-management consulting practice, he held positions at Wells Fargo and Ferrell Capital Management.

Stephen Cairns, currently PG&E Corporation vice president and controller, was named vice president internal audit and compliance. He will be responsible for internal auditing, compliance and ethics, and Sarbanes-Oxley oversight. Cairns joined PG&E Corporation in 2006 as senior director, internal auditing. Previously, he held positions with ScottishPower and Ernst & Young.

Dinyar Mistry, currently vice president and chief risk and audit officer, was named vice president and controller of PG&E Corporation and Pacific Gas and Electric Company. Mistry will assume responsibility for leading the companies' accounting functions, including overseeing SEC reporting, operations and transactional accounting, tax, payroll, accounts payable, and general ledger responsibilities. Mistry joined Pacific Gas and Electric Company in 1994. Prior to his current role, he served as vice president and controller of the utility and vice president of regulation and rates. Before joining the utility, Mistry was a senior manager with KPMG.

In addition, Sara Cherry has been named vice president of finance and CFO of Pacific Gas and Electric Company. Cherry, currently senior director of internal auditing, will be responsible for all aspects of the utility's financial planning and budgeting functions. Cherry's appointment follows the departure of Barbara Barcon, who is leaving PG&E. Cherry joined PG&E Corporation in 2001 and has held positions of increasing responsibility in the finance and risk organizations at both PG&E Corporation and Pacific Gas and Electric Company. Previously, Cherry held positions at Deloitte & Touche, Pacific Bell, and Gap.