Mauricio Gutierrez, president and CEO of NRG Energy, speaks onstage during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'HareNRG +4.19% Add to/Remove from Watchlist(Reuters) -Activist investor Elliott Investment Management is increasing pressure on NRG Energy (NYSE: ) and seeking to oust its CEO Mauricio Gutierrez, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. 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. In a statement to Reuters, an NRG spokesperson said that the company's board "fully supports NRG's CEO Mauricio Gutierrez and management team," adding that the company will be discussing its strategic plan with shareholders at its investor day. The activist investor had urged the company to conduct a review of its home services strategy and add new independent directors.

Source: Wall Street Journal June 22, 2023 00:25 UTC