Five-Year Anniversary Conversation with Dynegy CEO Bob Flexon
Tom Linquist is a partner at a leading global executive search firm. He is an expert on executive assessment and leadership development, and can be reached at Linquist@LeadershipLyceum.com.
Everything in nature is resurrection. – Voltaire
A Fortune 1000 company, Dynegy is the second largest independent generator of electricity in the U.S. It operates twenty-six thousand megawatts of power generating facilities in eight states. This past June, Bob Flexon celebrated a remarkable five years as CEO of Dynegy.
He joined Dynegy in June of 2011 and within his first year led the company through orderly bankruptcy proceedings. Prior to the end of year two, Dynegy acquired the power generation assets of Ameren in St. Louis for nine hundred million dollars.
Early in Flexon’s fourth year, Dynegy completed the simultaneous acquisition of Duke’s Midwest power generation assets for 2.8 billion dollars, and EquiPower Resources for 3.45 billion dollars. It doubled Dynegy’s net power generating capacity.
During his fifth year, Dynegy announced the acquisition of French company ENGIE’s North American fossil portfolio. This was done through a joint venture with Energy Capital Partners, a private equity group.