Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here.
Continue Reading Below
Bill Johnson is stepping down after a year as CEO and president of the largest utility in the nation, California's Pacific Gas & Electric.
His retirement will be effective June 30, according to a statement.
Board member and former AT&T staffer William L. Smith is set to serve as interim CEO.
|PCG||PG & E CORP.||10.00||+0.21||+2.15%|
"I joined PG&E to help get the company out of bankruptcy and stabilize operations," Johnson said in the statement. "By the end of June, I expect that both of these goals will have been met."