Ex-Chevron CEO takes over troubled Calpine

摘要

Kenneth Derr,former chairman and CEO of Chevron,Nov 29 was named interim chairman and acting CEO of Calpine following a top-level management shakeup at the financially troubled company.Calpine said its board of directors had decided to replace chairman,president and CEO Peter Cartwright and executive vice president and CFO Robert Kelly,adding the board'believes that these management changes are essential to better address Calpine's financial challenges and to provide a new direction for the company."