Cheniere Energy names Fusco as new president, CEO
Cheniere Energy’s board of directors has named Jack A. Fusco as the company’s new president and CEO, effective immediately. He succeeds Neal A. Shear, who has served as Cheniere's interim president and CEO since December 2015.
Most recently, Fusco served as CEO and a member of the board of directors of Calpine from August 2008 to May 2014 and as executive chairman from May 2014 through May 11, 2016. He was recruited by Calpine's key shareholders in 2008, just as that company was emerging from bankruptcy.
As CEO of Calpine, Fusco managed a team of approximately 2,300 employees and led one of the largest purchasers of natural gas in America. He will continue to serve as a director on the board of Calpine.
"Jack has spent over thirty years in the energy industry and has significant experience leading companies with large-scale, asset-intensive portfolios and implementing corporate strategies focused on capital allocation, strategic developments and optimizing shareholder value," said G. Andrea Botta, chairman of the board.
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