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CEO of California utility PG&E steps down as company faces potential wildfire liabilities

A Cal Fire firefighter sprays water on a home next to a burning home as the Camp Fire moves through the area on Nov. 9, 2018 in Magalia, California.










Justin Sullivan | Getty Images

A Cal Fire firefighter sprays water on a home next to a burning home as the Camp Fire moves through the area on Nov. 9, 2018 in Magalia, California.

California power company PG&E Chief Executive Officer Geisha Williams has stepped down, the company said on Sunday, as it faces billions of dollars in potential liabilities related to deadly wildfires.

PG&E Executive Vice President and General Counsel John Simon has been named interim CEO while the company conducts a search.

“While we are making progress as a company in safety and other areas, the Board recognizes the tremendous challenges PG&E continues to face. We believe John is the right interim leader for the company,” PG&E Chairman Richard Kelly said in a statement.

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