Activist investor Elliott to seek ouster of NRG CEO – WSJ

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Elliott is in talks with potential candidates to replace the U.S. power company’s CEO as well as other top executives, the report said.

The report comes after Elliott sent a letter to NRG’s board last month, pushing for a boardroom overhaul. The activist investor has had urged the company to conduct a review of its home services strategy and add new independent directors.

Elliott and NRG did not immediately respond to Reuters’ requests for comment.

Elliott had disclosed a more than 13% economic interest in the utility company in May, which it said was worth around $1 billion, without specifying how much, if any, of that interest was in NRG stock.