NRG Energy, Inc. announced that Howard Cosgrove and Edward R. Muller have announced their retirement from the NRG board of directors and have stepped down from the board after years of exemplary and dedicated service. Lawrence Coben, a director of the company, was named Chairman of the board as Cosgrove’s successor. C. John Wilder, Bluescape Energy Partners’ Executive Chairman, and Barry Smitherman, former Chair of the Public Utility Commission of Texas, have been appointed to the board. In addition, NRG has formed a five-person ad hoc committee of the board – the Business Review Committee. The Committee will work closely with NRG’s Board, Chief Executive Officer Mauricio Gutierrez and NRG’s management team to comprehensively review and make specific recommendations to the Board in four key areas: Operational and cost excellence initiatives, potential portfolio and/or asset de-consolidations, dispositions and optimization, capital structure and allocation and broader strategic initiatives. The Committee will be chaired by Wilder and will have four other members: Smitherman, Gutierrez, Paul Hobby and Anne Schaumburg. Upon approval by the Board, the charter for the Committee shall authorize the retention of consultants and advisors. The Committee plans to expeditiously conduct its review and make any relevant recommendations to the board. Subsequently, NRG expects to provide a comprehensive update to the market as promptly as practicable.