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WASHINGTON - Power-generator Mirant Corp. disclosed Thursday that it is looking for a new chief executive officer. Searching for new leadership is a typical step for a company in bankruptcy, Mirant spokesman James Peters told Dow Jones Newswires Thursday. The board views it as part of its obligation to maximize value for creditors with an interest in Mirant. Peters said there was no specific timeline for current Chief Executive Marce Fuller to step down, and that she was involved in the search for a new CEO. The search, which has been kept under wraps since it began early in 2004,...

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...