Management ChangeMay 15, 2026, 06:56 AM
Clearway Energy Announces General Counsel Transition
AI Summary
Clearway Energy, Inc. announced that Kevin P. Malcarney will retire from his position as Executive Vice President, General Counsel, and Corporate Secretary, effective June 1, 2026. He will remain employed as a non-executive through June 26, 2026, under a transition services agreement, receiving separation benefits including a pro-rated 2026 bonus, continued equity vesting, and a $711,845 cash payment. Michael A. Brown, who previously served at The New York Times Company and Clearway Energy, Inc., will succeed Mr. Malcarney in the role.
Key Highlights
- Kevin P. Malcarney will retire as Executive Vice President, General Counsel, and Corporate Secretary, effective June 1, 2026.
- Mr. Malcarney will remain a non-executive employee until June 26, 2026, to ensure a smooth transition.
- He will receive a pro-rated 2026 annual bonus and continued vesting of outstanding equity awards.
- Mr. Malcarney will also receive a lump-sum cash payment of approximately $711,845 as separation benefits.
- Michael A. Brown will succeed Mr. Malcarney as Senior Vice President, General Counsel, and Corporate Secretary, effective June 1, 2026.
- Mr. Brown previously served as Vice President, Assistant General Counsel and Corporate Secretary at The New York Times Company.
- He also held prior senior legal roles at Clearway Energy, Inc. (2018-2021) and NRG Yield (2014-2018).
Price Impact
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