Lawrence Coben, born in 1958, stepped into the role of Interim President and CEO of NRG Energy, Inc. on November 17, 2023, following the resignation of Mauricio Gutierrez. Coben has a solid background in the energy sector, having been involved...
Lawrence Coben, born in 1958, stepped into the role of Interim President and CEO of NRG Energy, Inc. on November 17, 2023, following the resignation of Mauricio Gutierrez. Coben has a solid background in the energy sector, having been involved with NRG since 2003, including serving as Chairman of the Board since 2017. His experience extends beyond NRG; he founded Tremisis Energy Corporation and held significant positions in other energy companies. Under his interim leadership, he aims to stabilize the company amidst organizational changes. Coben’s recent compensation package totaled about $12.4 million for 2023, with a base salary of $100,000 and a notable portion coming from vested stock units connected to his interim role. Notably, he holds around $12.6 million in unvested restricted stock units, which could be a significant motivator for his performance. His insider trading history shows fluctuations in personal investment values, reaching peaks over $21 million recently, indicating strong ties to the company’s success. Coben’s strategic focus on aligning company goals with shareholder interests will be key as he navigates NRG's future direction.