Calpine Draws On AlixPartners’ Ranks For New CFO

Law360, New York (November 7, 2006, 12:00 AM EST) -- Calpine Corp. has tapped a consultant with turnaround giant AlixPartners LLP to serve as the company’s chief financial officer, hoping that she will be able to help steer the embattled energy provider back on track.

On Monday, Calpine revealed that Lisa J. Donahue had been named to the CFO position, though she will technically remain an employee of AlixPartners.

For the services provided, Calpine intends to pay the turnaround firm an estimated $670 an hour, according to court documents.

Donahue herself will not receive any compensation...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.