Business & Finance
Business and Finance
Business and Finance 
Thu, August 18, 2011
Wed, August 17, 2011
Kirkland Andrews Joins NRG as Executive Vice President and Chief Financial Officer
PRINCETON, N.J.--([ BUSINESS WIRE ])--Kirkland B. Andrews will join NRG Energy, Inc. (NYSE: NRG) as Executive Vice President and Chief Financial Officer, effective September 6, from Deutsche Bank Securities, where he served as Managing Director and Co-Head of Power and Utilitiesa"Americas. Andrews succeeds Christian Schade who, as previously announced, is leaving NRG to return to the healthcare industry as Executive Vice President and Chief Financial Officer of Omthera Pharmaceuticals Inc.
"Kirka™s expertise and the extensive work he has done with NRG over the past several years will be a tremendous asset to NRG as we seek to complete the simplification of our capital structure, optimize our capital allocation strategy and finance our industry-leading renewables and repowering program."
aWe look forward to deriving the benefit of Kirka™s immense knowledge and deep experience in our industry,a said David Crane, NRG President and Chief Executive Officer. aKirka™s expertise and the extensive work he has done with NRG over the past several years will be a tremendous asset to NRG as we seek to complete the simplification of our capital structure, optimize our capital allocation strategy and finance our industry-leading renewables and repowering program.a
Andrews joins NRG after a successful 15-year career in investment banking, first with Citigroup Global Markets, where he was Head of North American Power, and subsequently at Deutsche Bank. In his banking career, Andrews led multiple large and innovative strategic, debt, equity and commodities transactions, including advising NRG during its successful defense of Exelona™s hostile takeover attempts during the 2008-2009 financial crisis.
Andrews graduated from Wake Forest University with a bachelora™s degree in philosophy, and received a MBA from the University of Virginiaa™s Darden School of Business.
About NRG
NRG Energy, Inc. is a Fortune 500 and S&P 500 Index company that owns and operates one of the countrya™s largest and most diverse power generation portfolios. Headquartered in Princeton, NJ, the Companya™s power plants provide more than 25,000 megawatts of generation capacitya"enough to supply nearly 20 million homes. NRGa™s retail businesses, Reliant Energy and Green Mountain Energy Company, combined serve nearly 1.9 million residential, business, commercial and industrial customers. With investments in solar, wind and nuclear power, as well as electric vehicle infrastructure, NRG is working to help America transition to a clean energy economy. More information is available at [ www.nrgenergy.com ].