HOUSTON: Two communications staffers and the chief administrative officer (CAO) have left Dynegy, the Houston-based energy giant that tried to buy Enron last year before falling on hard times of its own.
Chief communications officer Deborah Fiorito and CAO Milton Scott resigned in mid-September, but will be part-time consultants to the company in the coming months, according to Dynegy spokespeople. Their jobs may be combined later.
Public affairs manager Steve Stengal also left last month to be manager of communications with Florida Power & Light Energy. Remaining on staff and quoted most frequently on the company's behalf is internal/external communications director John Sousa.
Officials said the departures weren't related to ongoing investigations of Dynegy, but the resignations did precede implementation of what public affairs representative Claudia Morlan called an "organizational restructuring plan." Dynegy is expected to lay off 1,500 employees worldwide, including 500 in Houston. The communications staff now reports to EVP Blake Young, president of the global technology group.
In recent weeks, Dynegy agreed to pay a $3 million fine to settle an SEC case, and admitted that inaccurate information had been provided by its traders and in two press releases issued earlier this year. Dynegy's stock price is trading below $1.