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Peter A. Darbee
PG&E (PCG) |
2009 Annual Comp.
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$8,935,318
$7,342,381
$0
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Base Salary |
$1,135,633 |
| Cash Bonus |
$1,871,524 |
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Stock Gains
Stock Expense
Stock Granted
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$5,792,776
$4,106,602
$0
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Options Gains
Options Expense
Options Granted
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$0
$93,237
$0
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| Other |
$135,385 |
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FYE 12/31/09 |
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Biography
Mr. Darbee is Chairman of the Board, Chief Executive Officer, and President of PG&E Corporation. During his career at PG&E Corporation, he has held the following positions: Chairman of the Board since January 2006, Chief Executive Officer since January 2005, President from January 2005 to June 2007 and since September 2007, and Senior Vice President and Chief Financial Officer from September 1999 to December 2004. Mr. Darbee also held the following positions at the Utility: President and Chief Executive Officer from September 2008 to July 2009, and Chairman of the Board from January 2006 to May 2007. Before joining PG&E Corporation, Mr. Darbee was Vice President and Chief Financial Officer of Advanced Fibre Communications, Inc. (broadband solutions for the telecommunications industry) from 1997 to 1999. He was Vice President, Chief Financial Officer, and Controller of Pacific Bell (telecommunications utility) from 1994 to 1997. As an investment banker with Goldman Sachs & Co. (investment bank) from 1989 to 1994, Mr. Darbee was Vice President and co-head of the firm's energy and telecommunications group. He also held positions at Salomon Brothers (investment bank), Kidder, Peabody & Co. (investment bank), AT&T (telecommunications services and equipment), and Citibank (bank and financial services). Mr. Darbee graduated from the Massachusetts Institute of Technology Reactor Technology Course for Utility Executives in June 2004. He is a member of the Edison Electric Institute Executive Committee, serves as Chairman of the CEO Policy Committee on Public and Governmental Affairs, and is a member of the CEO board of the Clean Energy Group. Mr. Darbee also serves as the United States co-chair for the Global Leadership Technology Exchange and the business co-chair of the Washington, D.C.-based Alliance to Save Energy. He is active in numerous civic and community organizations, including The Business Council, the California Business Roundtable, and the San Francisco Symphony Board of Governors.
| Board Memberships |  | PG&E Chair of the Board | | Former Named Executive Positions |  | Advanced Fibre Communications Former Vice President, Chief Financial Officer, Treasurer and Secretary | | Former Board Affiliations |  | N/A |
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Accumulated Wealth
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Total |
$14,117,715 |
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Equity Holdings |
$5,233,471 |
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Pension Balance |
$6,373,088 |
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Deferred Comp. Balance |
$2,511,156 |
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