Posted on 08/26/2004 3:27:53 PM PDT by MeneMeneTekelUpharsin
ATLANTA, Aug. 26 /PRNewswire-FirstCall/ -- Mirant (Pink Sheets: MIRKQ - News) today announced that Mirant's Board of Directors has appointed M. Michele Burns, 46, chief restructuring officer. Burns will continue to report to Chief Executive Officer, Marce Fuller and will maintain her role as executive vice president and chief financial officer. In her additional role, Burns will serve as the company's primary representative in the bankruptcy process. She and her team will continue to develop the company's plan of reorganization and capital structure, and prepare the company to emerge from Chapter 11.
"Michele has the full confidence of our Board of Directors and bankruptcy committees," said Fuller. "Assuming that we continue with the progress we've made in our restructuring, and Mirant's bankruptcy committees accept our plan of reorganization, the company should emerge from Chapter 11 in the first half of 2005." Since her arrival in May, Burns has also been building a finance team to position the company for emergence from Chapter 11, and more fully enable her to lead the company's restructuring. Last week, Lamar Chesney, 55, joined the company as senior vice president, finance. He will lead Mirant's supply chain management and International finance functions, and prepare the company for emergence from bankruptcy. Prior to joining Mirant, Chesney held various executive finance positions with Delta Air Lines and The Coca-Cola Company.
Mirant also announced it has hired Steve Astren, 57, as vice president, tax. He will report to Burns and lead all of Mirant's tax functions. Prior to joining Mirant, Astren was a partner at Deloitte & Touche. In June, Terry Thompson, 31 joined Mirant as vice president of restructuring. Thompson's focus is on the development of the plan of reorganization and working with the various committees associated with Mirant's Chapter 11 case.
You might want to look this one over. Will try to ping some others. Documentation.
Lest we forget. One for the textbooks, at least.
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