CPN: NYSE 13.11
-0.29 -2.16% Volume: 6,842,834 May 23, 2017
America’s Premier Power Generation Company
... Creating Power for a Sustainable Future
  • Board Member +

    • Frank Cassidy
      Chairman

      Mr. Cassidy became Chairman of Calpine’s Board of Directors in May 2016 after serving as lead independent director since May 2014 and as a director of Calpine since Jan. 31, 2008. He previously served as Chairman of the Compensation Committee. Prior to his retirement in 2007, Mr. Cassidy was employed at Public Service Enterprise Group, Inc. (“PSEG”), an energy and energy services company, where he had worked since 1969. From 1999 to 2007, Mr. Cassidy served as President and Chief Operating Officer of PSEG Power LLC, the wholesale energy subsidiary of PSEG. From 1996 to 1999, Mr. Cassidy was President and Chief Executive Officer of PSEG Energy Technologies, Inc. Prior to 1996, Mr. Cassidy held various positions of increasing responsibility at the Public Service Electric and Gas Company. Mr. Cassidy obtained a Bachelor of Science degree in Electrical Engineering from the New Jersey Institute of Technology and a Master of Business Administration degree from Rutgers University. Mr. Cassidy is a member of the Compensation Committee and the Nominating and Governance Committee.

    • Thad Hill

      Thad Hill became Calpine’s President and Chief Executive Officer and a member of its Board of Directors in May 2014. Mr. Hill joined the company in September 2008 as Executive Vice President and Chief Commercial Officer. He became Chief Operating Officer in October 2010 and was named President in December 2012. Prior to Calpine, Mr. Hill was with NRG Energy from 2006 to 2008, serving as President of NRG Texas in 2007- 2008. Prior to NRG, Mr. Hill was Executive Vice President of Strategy and Business Development at Texas Genco LP from 2005 to 2006. From 1995 to 2005, he was with Boston Consulting Group Inc., where he rose to Partner and Managing Director and led the North American energy practice, serving companies in the power and gas sector with a focus on commercial and strategic issues. Mr. Hill received his Bachelor of Arts degree from Vanderbilt University magna cum laude and a Master of Business Administration degree from the Amos Tuck School of Dartmouth College, where he was elected an Edward Tuck Scholar.

    • Laurie Brlas
      Member, Audit Committee

      Laurie Brlas became a director of Calpine on August 10, 2016. Ms. Brlas has served as Executive Vice President and Chief Financial Officer of Newmont Mining Corporation since September 2013. From 2006 through July 2013, she served in various executive-level positions at Cliffs Natural Resources, Inc., the largest producer of iron ore pellets in North America, most recently as Executive Vice President and President of Global Operations. Prior to that, Ms. Brlas served as Senior Vice President and Chief Financial Officer of STERIS plc, a provider of healthcare products, from 2000 through 2006. From 1995 through 2000, Ms. Brlas held various positions with OfficeMax, Inc., most recently as Senior Vice President and Corporate Controller. Ms. Brlas has served on the board of directors at Perrigo Company plc, a leading global healthcare supplier, since August 2003 and was appointed chairman of the board in April 2016. Ms. Brlas also served as a director for Nova Chemicals Corporation from September 2008 to July 2009. Ms. Brlas obtained a Bachelor of Science degree in Business Administration from Youngstown State University and is a Certified Public Accountant and Certified Management Accountant. Ms. Brlas is a member of the Audit Committee.

    • Jack A. Fusco

      Jack A. Fusco, who served as Chief Executive Officer of Calpine from August 2008 to May 2014, has been a member of the Board of Directors since August 2008. He served as Executive Chairman of Calpine’s Board of Directors from May 2014 to May 2016 and currently serves as the President and CEO of Cheniere Energy. Mr. Fusco received recognition as Best CEO in the electric industry by Institutional Investor in 2012 as ranked by all industry analysts and for Best Investor Relations by a CEO or Chairman among all mid-cap companies by IR Magazine in 2013. Prior to joining Calpine, Mr. Fusco served as Chairman and Chief Executive Officer of Texas Genco LLC, an independent power company (IPP), from July 2004 to February 2006 when it was sold through a merger. From 2002 until July 2004, Mr. Fusco was an exclusive energy investment advisor for the private equity firm Texas Pacific Group, which became an investor in Texas Genco. From November 1998 until February 2002, Mr. Fusco served as President and Chief Executive Officer of Orion Power Holdings, Inc., an IPP that he helped found. Previously, Mr. Fusco was Vice President at Goldman Sachs Power, an affiliate of Goldman, Sachs & Co., where he focused on wholesale electric commodity trading and marketing. Prior to joining Goldman Sachs, Mr. Fusco was employed by Pacific Gas & Electric Company or its affiliates in various engineering and management roles for approximately 13 years. Mr. Fusco, who started his career as an operator at power plants in California, has over 30 years of experience in the power industry. He holds a Bachelor of Science in Mechanical Engineering from California State University, Sacramento.

    • Michael W. Hofmann
      Member, Audit Committee & Member, Compensation Committee

      Mr. Hofmann became a director of Calpine on May 10, 2013. From 1991 until his retirement in 2012, Mr. Hofmann was employed in various capacities at Koch Industries, Inc., one of the largest private companies in America. From 2005 until 2012, Mr. Hofmann served as Vice President and Chief Risk Officer at Koch and also held the position of Chief Risk Officer beginning in 2000 after serving as Chief Market Risk Officer during 1999. Prior to 1999, Mr. Hofmann held various positions of increasing responsibility at Koch, including in its commodity trading operations. Before joining Koch, he had a seven-year audit career with KPMG Peat Marwick. Mr. Hofmann previously served as a member of the economic advisory council for the Federal Reserve Bank of Kansas City and is a member of the Board of Trustees of the Global Association of Risk Professionals, a globally recognized membership association for risk managers. Mr. Hofmann obtained a Master of Business Administration degree as well as a Bachelor of Business Administration degree in Accounting from Wichita State University.

    • David C. Merritt
      Chair, Audit Committee

      Mr. Merritt became a Director of Calpine Corporation on February 8, 2006, and serves as Chairman of the Audit Committee. Mr. Merritt is a private investor and management consultant. From 1985 to 1999, Mr. Merritt was an audit and consulting partner of KPMG LLP. He served as Chief Financial Officer of iCrete LLC from October 2007 to March 2009 and Managing Director of Salem Partners LLC, an investment banking firm, from October 2003 to September 2007. Mr. Merritt also currently serves as a Director of Charter Communications, Inc., and Taylor Morrison Home Corporation and, previously, from 2003 to 2013, as a Director of Outdoor Channel Holdings, Inc. Mr. Merritt obtained a Bachelor of Science degree in Business and Accounting from California State University at Northridge and is a Certified Public Accountant (inactive).

    • W. Benjamin Moreland
      Member, Audit Committee

      Mr. Moreland became a director of Calpine on Jan. 31, 2008. Since 2016, Mr. Moreland has been Executive Vice Chairman of the Board of Crown Castle International Corp., a provider of wireless communications infrastructure in Australia, Puerto Rico and the U.S. Previously, he had been employed by Crown Castle International in various capacities since 1999, including serving as President and Chief Executive Officer and, prior to that, as Executive Vice President and Chief Financial Officer. Prior to joining Crown Castle International, he held various positions in corporate finance and real estate investment banking with Chase Manhattan Bank from 1984 to 1999. Mr. Moreland obtained a Bachelor of Business Administration degree from the University of Texas, and a Master of Business Administration degree from the University of Houston. Mr. Moreland is a member of the Audit Committee.

    • Robert A. Mosbacher
      Chair, Compensation Committee & Member, Nominating and Governance Committee

      Mr. Mosbacher became a director of Calpine on Feb. 11, 2009. Mr. Mosbacher is the Chairman of Mosbacher Energy Company, a privately-held independent oil and gas exploration and production company located in Houston, Texas. Prior to that, Mr. Mosbacher was appointed by President George W. Bush in 2005 as the President and Chief Executive Officer of the Overseas Private Investment Corporation (OPIC), an independent U.S. government agency that helps small, medium and large American businesses expand into developing nations and emerging markets around the globe; he served in that position through January 2009. From 1986 until 2005, he served as President and Chief Executive Officer of Mosbacher Energy Company. From 1995 to 2003, Mr. Mosbacher also served as Vice Chairman of Mosbacher Power Group LLC. From August 1999 to October 2005, Mr. Mosbacher served as a Director of the Devon Energy Corporation. He also served on Devon’s Compensation Committee from June 2003 to October 2005. In April 2009, Mr. Mosbacher resumed his role as a director of Devon, and, in June 2009, he resumed his role as a member of Devon’s Compensation Committee. Mr. Mosbacher obtained a Bachelor of Arts degree in Political Science from Georgetown University and a Juris Doctorate from Southern Methodist University. Mr. Mosbacher is Chair of Calpine’s Compensation Committee and a member of its Nominating and Governance Committee.

    • Denise M. O'Leary
      Chair, Nominating and Governance Committee & Member, Compensation Committee

      Ms. O’Leary became a director of Calpine on Jan. 31, 2008. Since 1996, she has been a private venture capital investor in a variety of early stage companies. From 1983 to 1996, Ms. O’Leary was an associate, then general partner, at Menlo Ventures, a venture capital firm providing long-term capital and management services to development stage companies. From 2002 to 2006, Ms. O’Leary was a member of the Board of Directors of Chiron Corporation, at which time the company was sold to Novartis AG. She obtained a Bachelor of Science degree in Industrial Engineering from Stanford University. Ms. O’Leary obtained a Master in Business Administration from Harvard Business School. Ms. O’Leary is also a director of U.S. Airways Group, Inc., and Medtronic, Inc. Ms. O’Leary is a member of the Compensation Committee of U.S. Airways Group, Inc. Ms. O’Leary is the chair of the Nominating and Governance Committee and a member of the Compensation Committee.


Board Member Audit
Committee
Compensation
Committee
Nominating and Governance Committee
Frank CassidyChairman


Mr. Cassidy became Chairman of Calpine’s Board of Directors in May 2016 after serving as lead independent director since May 2014 and as a director of Calpine since Jan. 31, 2008. He previously served as Chairman of the Compensation Committee. Prior to his retirement in 2007, Mr. Cassidy was employed at Public Service Enterprise Group, Inc. (“PSEG”), an energy and energy services company, where he had worked since 1969. From 1999 to 2007, Mr. Cassidy served as President and Chief Operating Officer of PSEG Power LLC, the wholesale energy subsidiary of PSEG. From 1996 to 1999, Mr. Cassidy was President and Chief Executive Officer of PSEG Energy Technologies, Inc. Prior to 1996, Mr. Cassidy held various positions of increasing responsibility at the Public Service Electric and Gas Company. Mr. Cassidy obtained a Bachelor of Science degree in Electrical Engineering from the New Jersey Institute of Technology and a Master of Business Administration degree from Rutgers University. Mr. Cassidy is a member of the Compensation Committee and the Nominating and Governance Committee.

Thad Hill


Thad Hill became Calpine’s President and Chief Executive Officer and a member of its Board of Directors in May 2014. Mr. Hill joined the company in September 2008 as Executive Vice President and Chief Commercial Officer. He became Chief Operating Officer in October 2010 and was named President in December 2012. Prior to Calpine, Mr. Hill was with NRG Energy from 2006 to 2008, serving as President of NRG Texas in 2007- 2008. Prior to NRG, Mr. Hill was Executive Vice President of Strategy and Business Development at Texas Genco LP from 2005 to 2006. From 1995 to 2005, he was with Boston Consulting Group Inc., where he rose to Partner and Managing Director and led the North American energy practice, serving companies in the power and gas sector with a focus on commercial and strategic issues. Mr. Hill received his Bachelor of Arts degree from Vanderbilt University magna cum laude and a Master of Business Administration degree from the Amos Tuck School of Dartmouth College, where he was elected an Edward Tuck Scholar.

Laurie Brlas


Laurie Brlas became a director of Calpine on August 10, 2016. Ms. Brlas served as Executive Vice President and Chief Financial Officer of Newmont Mining Corporation from September 2013 until her retirement in October 2016. From 2006 through July 2013, she served in various executive-level positions at Cliffs Natural Resources, Inc., the largest producer of iron ore pellets in North America, most recently as Executive Vice President and President of Global Operations. Prior to that, Ms. Brlas served as Senior Vice President and Chief Financial Officer of STERIS plc, a provider of healthcare products, from 2000 through 2006. From 1995 through 2000, Ms. Brlas held various positions with OfficeMax, Inc., most recently as Senior Vice President and Corporate Controller. Ms. Brlas has served on the board of directors at Perrigo Company plc, a leading global healthcare supplier, since August 2003 and was appointed chairman of the board in April 2016. Ms. Brlas also served as a director for Nova Chemicals Corporation from September 2008 to July 2009. Ms. Brlas obtained a Bachelor of Science degree in Business Administration from Youngstown State University and is a Certified Public Accountant and Certified Management Accountant. Ms. Brlas is a member of the Audit Committee.

Jack A. Fusco


Jack A. Fusco has been a member of the Board of Directors since August 2008. He served as Executive Chairman of Calpine’s Board of Directors from May 2014 to May 2016 and has served as the President and CEO of Cheniere Energy since May 2016. From August 2008 to May 2014, Mr. Fusco served as our Chief Executive Officer and as our President from August 2008 to December 2012. Mr. Fusco received recognition as Best CEO in the electric industry by Institutional Investor in 2012 as ranked by all industry analysts and for Best Investor Relations by a CEO or Chairman among all mid-cap companies by IR Magazine in 2013. Prior to joining Calpine, Mr. Fusco served as Chairman and Chief Executive Officer of Texas Genco LLC, an independent power company (IPP), from July 2004 to February 2006 when it was sold through a merger. From 2002 until July 2004, Mr. Fusco was an exclusive energy investment advisor for the private equity firm Texas Pacific Group, which became an investor in Texas Genco. From November 1998 until February 2002, Mr. Fusco served as President and Chief Executive Officer of Orion Power Holdings, Inc., an IPP that he helped found. Previously, Mr. Fusco was Vice President at Goldman Sachs Power, an affiliate of Goldman, Sachs & Co., where he focused on wholesale electric commodity trading and marketing. Prior to joining Goldman Sachs, Mr. Fusco was employed by Pacific Gas & Electric Company or its affiliates in various engineering and management roles for approximately 13 years. Mr. Fusco, who started his career as an operator at power plants in California, has over 30 years of experience in the power industry. He holds a Bachelor of Science in Mechanical Engineering from California State University, Sacramento.

Michael W. Hofmann


Mr. Hofmann became a director of Calpine on May 10, 2013. From 1991 until his retirement in 2012, Mr. Hofmann was employed in various capacities at Koch Industries, Inc., one of the largest private companies in America. From 2005 until 2012, Mr. Hofmann served as Vice President and Chief Risk Officer at Koch and also held the position of Chief Risk Officer beginning in 2000 after serving as Chief Market Risk Officer during 1999. Prior to 1999, Mr. Hofmann held various positions of increasing responsibility at Koch, including in its commodity trading operations. Before joining Koch, he had a seven-year audit career with KPMG Peat Marwick. Mr. Hofmann previously served as a member of the economic advisory council for the Federal Reserve Bank of Kansas City and is a member of the Board of Trustees of the Global Association of Risk Professionals, a globally recognized membership association for risk managers. Mr. Hofmann obtained a Master of Business Administration degree as well as a Bachelor of Business Administration degree in Accounting from Wichita State University.

David C. Merritt



Mr. Merritt became a Director of Calpine Corporation on February 8, 2006, and serves as Chairman of the Audit Committee. Mr. Merritt is a private investor and management consultant. From 1985 to 1999, Mr. Merritt was an audit and consulting partner of KPMG LLP. He served as Chief Financial Officer of iCrete LLC from October 2007 to March 2009 and Managing Director of Salem Partners LLC, an investment banking firm, from October 2003 to September 2007. Mr. Merritt also currently serves as a Director of Charter Communications, Inc., and Taylor Morrison Home Corporation and, previously, from 2003 to 2013, as a Director of Outdoor Channel Holdings, Inc. Mr. Merritt obtained a Bachelor of Science degree in Business and Accounting from California State University at Northridge and is a Certified Public Accountant (inactive).

W. Benjamin Moreland


Mr. Moreland became a director of Calpine on Jan. 31, 2008. Since 2016, Mr. Moreland has been Executive Vice Chairman of the Board of Crown Castle International Corp., a provider of wireless communications infrastructure in Australia, Puerto Rico and the U.S. Previously, he had been employed by Crown Castle International in various capacities since 1999, including serving as President and Chief Executive Officer and, prior to that, as Executive Vice President and Chief Financial Officer. Prior to joining Crown Castle International, he held various positions in corporate finance and real estate investment banking with Chase Manhattan Bank from 1984 to 1999. Mr. Moreland obtained a Bachelor of Business Administration degree from the University of Texas, and a Master of Business Administration degree from the University of Houston. Mr. Moreland is a member of the Audit Committee.

Robert A. Mosbacher Jr.


Mr. Mosbacher became a director of Calpine on February 11, 2009. Mr. Mosbacher is the Chairman of Mosbacher Energy Company, a privately held independent oil and gas exploration and production company located in Houston, Texas. Prior to that, Mr. Mosbacher was appointed by President George W. Bush in 2005 as the President and Chief Executive Officer of the Overseas Private Investment Corporation (OPIC), an independent U.S. government agency that helps small, medium and large American businesses expand into developing nations and emerging markets around the globe; he served in that position through January 2009. From 1986 until 2005, he served as President and Chief Executive Officer of Mosbacher Energy Company. From 1995 to 2003, Mr. Mosbacher also served as Vice Chairman of Mosbacher Power Group LLC. From August 1999 to October 2005, Mr. Mosbacher served as a Director of the Devon Energy Corporation. He also served on Devon’s Compensation Committee from June 2003 to October 2005. In April 2009, Mr. Mosbacher resumed his role as a director of Devon. In June 2009, he resumed his role as a member of Devon’s Compensation Committee and currently serves as Chairman of the Governance Committee. Mr. Mosbacher obtained a Bachelor of Arts degree in Political Science from Georgetown University and a Juris Doctorate from Southern Methodist University. Mr. Mosbacher is Chair of Calpine’s Compensation Committee and a member of its Nominating and Governance Committee.

Denise M. O'Leary


Ms. O’Leary became a director of Calpine on Jan. 31, 2008. Since 1996, she has been a private venture capital investor in a variety of early stage companies. From 1983 to 1996, Ms. O’Leary was an associate, then general partner, at Menlo Ventures, a venture capital firm providing long-term capital and management services to development stage companies. From 2002 to 2006, Ms. O’Leary was a member of the Board of Directors of Chiron Corporation, at which time the company was sold to Novartis AG. She obtained a Bachelor of Science degree in Industrial Engineering from Stanford University. Ms. O’Leary obtained a Master in Business Administration from Harvard Business School. Ms. O’Leary is also a director of American Airlines Group, Inc., and Medtronic, Inc. Ms. O’Leary is a member of the Compensation Committee of American Airlines Group, Inc. Ms. O’Leary is the chair of the Nominating and Governance Committee and a member of the Compensation Committee.

  Chair   Member

  • Audit Committee +

    • Laurie Brlas
      Member, Audit Committee

      Laurie Brlas became a director of Calpine on August 10, 2016. Ms. Brlas has served as Executive Vice President and Chief Financial Officer of Newmont Mining Corporation since September 2013. From 2006 through July 2013, she served in various executive-level positions at Cliffs Natural Resources, Inc., the largest producer of iron ore pellets in North America, most recently as Executive Vice President and President of Global Operations. Prior to that, Ms. Brlas served as Senior Vice President and Chief Financial Officer of STERIS plc, a provider of healthcare products, from 2000 through 2006. From 1995 through 2000, Ms. Brlas held various positions with OfficeMax, Inc., most recently as Senior Vice President and Corporate Controller. Ms. Brlas has served on the board of directors at Perrigo Company plc, a leading global healthcare supplier, since August 2003 and was appointed chairman of the board in April 2016. Ms. Brlas also served as a director for Nova Chemicals Corporation from September 2008 to July 2009. Ms. Brlas obtained a Bachelor of Science degree in Business Administration from Youngstown State University and is a Certified Public Accountant and Certified Management Accountant. Ms. Brlas is a member of the Audit Committee.

    • Michael W. Hofmann
      Member, Audit Committee & Member, Compensation Committee

      Mr. Hofmann became a director of Calpine on May 10, 2013. From 1991 until his retirement in 2012, Mr. Hofmann was employed in various capacities at Koch Industries, Inc., one of the largest private companies in America. From 2005 until 2012, Mr. Hofmann served as Vice President and Chief Risk Officer at Koch and also held the position of Chief Risk Officer beginning in 2000 after serving as Chief Market Risk Officer during 1999. Prior to 1999, Mr. Hofmann held various positions of increasing responsibility at Koch, including in its commodity trading operations. Before joining Koch, he had a seven-year audit career with KPMG Peat Marwick. Mr. Hofmann previously served as a member of the economic advisory council for the Federal Reserve Bank of Kansas City and is a member of the Board of Trustees of the Global Association of Risk Professionals, a globally recognized membership association for risk managers. Mr. Hofmann obtained a Master of Business Administration degree as well as a Bachelor of Business Administration degree in Accounting from Wichita State University.

    • David C. Merritt
      Chair, Audit Committee

      Mr. Merritt became a director of Calpine on Feb. 8, 2006. Mr. Merritt is President and owner of BC Partners, Inc. and served as Senior Vice President and Chief Financial Officer of iCRETE LLC from October 2007 to March 12, 2009. From October 2003 until September 2007, he served as Managing Director of Salem Partners LLC, an investment banking firm. Mr. Merritt was an audit and consulting partner of KPMG LLP from 1985 to 1999. Mr. Merritt obtained a Bachelor of Science degree in Business and Accounting from California State University, Northridge. Mr. Merritt also serves as a director of Outdoor Channel Holdings, Inc., Charter Communications, Inc. and Buffets Restaurants Holdings, Inc. Mr. Merritt is chair of the Audit Committee.

    • W. Benjamin Moreland
      Member, Audit Committee

      Mr. Moreland became a director of Calpine on Jan. 31, 2008. Since 2016, Mr. Moreland has been Executive Vice Chairman of the Board of Crown Castle International Corp., a provider of wireless communications infrastructure in Australia, Puerto Rico and the U.S. Previously, he had been employed by Crown Castle International in various capacities since 1999, including serving as President and Chief Executive Officer and, prior to that, as Executive Vice President and Chief Financial Officer. Prior to joining Crown Castle International, he held various positions in corporate finance and real estate investment banking with Chase Manhattan Bank from 1984 to 1999. Mr. Moreland obtained a Bachelor of Business Administration degree from the University of Texas, and a Master of Business Administration degree from the University of Houston. Mr. Moreland is a member of the Audit Committee.

  • Compensation Committee +

    • Frank Cassidy
      Chairman

      Mr. Cassidy became Chairman of Calpine’s Board of Directors in May 2016 after serving as lead independent director since May 2014 and as a director of Calpine since Jan. 31, 2008. He previously served as Chairman of the Compensation Committee. Prior to his retirement in 2007, Mr. Cassidy was employed at Public Service Enterprise Group, Inc. (“PSEG”), an energy and energy services company, where he had worked since 1969. From 1999 to 2007, Mr. Cassidy served as President and Chief Operating Officer of PSEG Power LLC, the wholesale energy subsidiary of PSEG. From 1996 to 1999, Mr. Cassidy was President and Chief Executive Officer of PSEG Energy Technologies, Inc. Prior to 1996, Mr. Cassidy held various positions of increasing responsibility at the Public Service Electric and Gas Company. Mr. Cassidy obtained a Bachelor of Science degree in Electrical Engineering from the New Jersey Institute of Technology and a Master of Business Administration degree from Rutgers University. Mr. Cassidy is a member of the Compensation Committee and the Nominating and Governance Committee.

    • Michael W. Hofmann
      Member, Audit Committee & Member, Compensation Committee

      Mr. Hofmann became a director of Calpine on May 10, 2013. From 1991 until his retirement in 2012, Mr. Hofmann was employed in various capacities at Koch Industries, Inc., one of the largest private companies in America. From 2005 until 2012, Mr. Hofmann served as Vice President and Chief Risk Officer at Koch and also held the position of Chief Risk Officer beginning in 2000 after serving as Chief Market Risk Officer during 1999. Prior to 1999, Mr. Hofmann held various positions of increasing responsibility at Koch, including in its commodity trading operations. Before joining Koch, he had a seven-year audit career with KPMG Peat Marwick. Mr. Hofmann previously served as a member of the economic advisory council for the Federal Reserve Bank of Kansas City and is a member of the Board of Trustees of the Global Association of Risk Professionals, a globally recognized membership association for risk managers. Mr. Hofmann obtained a Master of Business Administration degree as well as a Bachelor of Business Administration degree in Accounting from Wichita State University.

    • Robert A. Mosbacher
      Chair, Compensation Committee & Member, Nominating and Governance Committee

      Mr. Mosbacher became a director of Calpine on Feb. 11, 2009. Mr. Mosbacher is the Chairman of Mosbacher Energy Company, a privately-held independent oil and gas exploration and production company located in Houston, Texas. Prior to that, Mr. Mosbacher was appointed by President George W. Bush in 2005 as the President and Chief Executive Officer of the Overseas Private Investment Corporation (OPIC), an independent U.S. government agency that helps small, medium and large American businesses expand into developing nations and emerging markets around the globe; he served in that position through January 2009. From 1986 until 2005, he served as President and Chief Executive Officer of Mosbacher Energy Company. From 1995 to 2003, Mr. Mosbacher also served as Vice Chairman of Mosbacher Power Group LLC. From August 1999 to October 2005, Mr. Mosbacher served as a Director of the Devon Energy Corporation. He also served on Devon’s Compensation Committee from June 2003 to October 2005. In April 2009, Mr. Mosbacher resumed his role as a director of Devon, and, in June 2009, he resumed his role as a member of Devon’s Compensation Committee. Mr. Mosbacher obtained a Bachelor of Arts degree in Political Science from Georgetown University and a Juris Doctorate from Southern Methodist University. Mr. Mosbacher is Chair of Calpine’s Compensation Committee and a member of its Nominating and Governance Committee.

    • Denise M. O'Leary
      Chair, Nominating and Governance Committee & Member, Compensation Committee

      Ms. O’Leary became a director of Calpine on Jan. 31, 2008. Since 1996, she has been a private venture capital investor in a variety of early stage companies. From 1983 to 1996, Ms. O’Leary was an associate, then general partner, at Menlo Ventures, a venture capital firm providing long-term capital and management services to development stage companies. From 2002 to 2006, Ms. O’Leary was a member of the Board of Directors of Chiron Corporation, at which time the company was sold to Novartis AG. She obtained a Bachelor of Science degree in Industrial Engineering from Stanford University. Ms. O’Leary obtained a Master in Business Administration from Harvard Business School. Ms. O’Leary is also a director of American Airlines Group, Inc., and Medtronic, Inc. Ms. O’Leary is a member of the Compensation Committee of American Airlines Group, Inc. Ms. O’Leary is the chair of the Nominating and Governance Committee and a member of the Compensation Committee.

  • Nominating and Governance Committee +

    • Frank Cassidy
      Chairman

      Mr. Cassidy became Chairman of Calpine’s Board of Directors in May 2016 after serving as lead independent director since May 2014 and as a director of Calpine since Jan. 31, 2008. He previously served as Chairman of the Compensation Committee. Prior to his retirement in 2007, Mr. Cassidy was employed at Public Service Enterprise Group, Inc. (“PSEG”), an energy and energy services company, where he had worked since 1969. From 1999 to 2007, Mr. Cassidy served as President and Chief Operating Officer of PSEG Power LLC, the wholesale energy subsidiary of PSEG. From 1996 to 1999, Mr. Cassidy was President and Chief Executive Officer of PSEG Energy Technologies, Inc. Prior to 1996, Mr. Cassidy held various positions of increasing responsibility at the Public Service Electric and Gas Company. Mr. Cassidy obtained a Bachelor of Science degree in Electrical Engineering from the New Jersey Institute of Technology and a Master of Business Administration degree from Rutgers University. Mr. Cassidy is a member of the Compensation Committee and the Nominating and Governance Committee.

    • Robert A. Mosbacher
      Chair, Compensation Committee & Member, Nominating and Governance Committee

      Mr. Mosbacher became a director of Calpine on February 11, 2009. Mr. Mosbacher is the Chairman of Mosbacher Energy Company, a privately held independent oil and gas exploration and production company located in Houston, Texas. Prior to that, Mr. Mosbacher was appointed by President George W. Bush in 2005 as the President and Chief Executive Officer of the Overseas Private Investment Corporation (OPIC), an independent U.S. government agency that helps small, medium and large American businesses expand into developing nations and emerging markets around the globe; he served in that position through January 2009. From 1986 until 2005, he served as President and Chief Executive Officer of Mosbacher Energy Company. From 1995 to 2003, Mr. Mosbacher also served as Vice Chairman of Mosbacher Power Group LLC. From August 1999 to October 2005, Mr. Mosbacher served as a Director of the Devon Energy Corporation. He also served on Devon’s Compensation Committee from June 2003 to October 2005. In April 2009, Mr. Mosbacher resumed his role as a director of Devon. In June 2009, he resumed his role as a member of Devon’s Compensation Committee and currently serves as Chairman of the Governance Committee. Mr. Mosbacher obtained a Bachelor of Arts degree in Political Science from Georgetown University and a Juris Doctorate from Southern Methodist University. Mr. Mosbacher is Chair of Calpine’s Compensation Committee and a member of its Nominating and Governance Committee.

    • Denise M. O'Leary
      Chair, Nominating and Governance Committee & Member, Compensation Committee

      Ms. O’Leary became a director of Calpine on Jan. 31, 2008. Since 1996, she has been a private venture capital investor in a variety of early stage companies. From 1983 to 1996, Ms. O’Leary was an associate, then general partner, at Menlo Ventures, a venture capital firm providing long-term capital and management services to development stage companies. From 2002 to 2006, Ms. O’Leary was a member of the Board of Directors of Chiron Corporation, at which time the company was sold to Novartis AG. She obtained a Bachelor of Science degree in Industrial Engineering from Stanford University. Ms. O’Leary obtained a Master in Business Administration from Harvard Business School. Ms. O’Leary is also a director of U.S. Airways Group, Inc., and Medtronic, Inc. Ms. O’Leary is a member of the Compensation Committee of U.S. Airways Group, Inc. Ms. O’Leary is the chair of the Nominating and Governance Committee and a member of the Compensation Committee.

Chair
Member