CMS Energy Corp. (CMS) said Chief Executive Patricia Poppe is leaving the company effective Dec. 1, after four years in the role, to take the CEO role at PG&E Corp. (PCG), effective Jan. 4. CMS said Garrick Rochow, currently executive vice president of operations at the Michigan-based electric and natural gas utility, will succeed Poppe. At PG&E, Poppe will take over for Interim CEO William Smith, who will remain on PG&E's board of directors. Shares of both CMS and PG&E were still inactive in premarket trading. Year to date, PG&E's stock has gained 7.8% and CMS shares have tacked on 1.6%, while the S&P 500 has advanced 11.7%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
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