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Caruso Named Dynegy CFO...Hund-Mejean Jumps to Tyco...Tenet Taps Farber as Finance Chief...

By Staff Writer | Updated on January 01, 2003

CARUSO NAMED DYNEGY CFO

Houston-based Dynegy Inc. revamped its finance leadership for the third time in recent months by reinstating the office of CFO and bringing in a retired Shell Oil Co. executive to fill it. Nick Caruso, 56, will also serve as executive vice president of the $42.2 billion energy company, which is struggling financially and has been dogged by several federal probes, including SEC charges of accounting improprieties that Dynegy paid a $3 million fine to settle. Dynegy said in August that it was eliminating the CFO position and replacing it with a three-person finance leadership team that included Louis Dorey, who had been appointed CFO in June. Dynegy now says Dorey is leaving at the end of the year. Caruso was Shell’s CFO before retiring last year after more than 30 years with the company.

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