Dynegy Chairman, CEO Watson steps down, new management team appointed

WatsonClick here to enlarge imageThe board of Houston-based Dynegy Inc. announced early last week that it has accepted the resignation of company Chairman and CEO Charles L. "Chuck" Watson. At the unanimous request of the company's independent directors, Glenn F. Tilton -vice-chairman of ChevronTexaco Corp. and himself a Dynegy director-has been appointed as interim chairman of the company. ChevronTexaco holds a 26.5% equity interest in Dynegy. TiltonClick here to enlarge imageIn addition, Dan Dienstbier-who is currently serving as interim president of Northern Natural Gas Pipeline following Dynegy's acquisition of the pipeline unit from Enron Corp. earlier this year-will serve...

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