PG&E Corp. pledged to shake up its board of directors and increase its safety focus in a bid to win California’s support for its bankruptcy exit plan, but obstacles remain in appeasing Gov. Gavin Newsom. The company, which filed for bankruptcy protection last year because of its liabilities from numerous deadly wildfires, said Friday evening that it will replace many of its current directors and expand safety positions and performance metrics after it emerges from chapter 11.

Source: Wall Street Journal February 01, 2020 05:48 UTC