Reliant Resources taps Jacobs for new CFO position

Mark M. Jacobs has been named executive vice-president and chief financial officer of Reliant Energy Inc. and Reliant Resources Inc., effective July 29.

By OGJ editors

HOUSTON, July 30 -- Mark M. Jacobs has been named executive vice-president and chief financial officer of Reliant Energy Inc. and Reliant Resources Inc., effective July 29. Earlier this month, Reliant Energy received permission from the US Securities and Exchange Commission to create a new holding company structure—under the name CenterPoint Energy—and permission for Reliant Resources to complete its planned spin-off of Reliant Energy. Once Reliant Resources is spun off, Jacobs will stand down from his positions with the parent firm.

Jacobs succeeds Stephen W. Naeve, who will continue in his role as vice-chairman of Reliant Energy until the completion of the spin-off (OGJ Online, May 22, 2002).

Jacobs comes to Reliant after working in the energy and power industry as a managing director of Goldman Sachs & Co.

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