Reliant Resources Inc. (Houston, TX) announced that the independent members of its board of directors, acting on the recommendation of the board's Nominating and Governance Committee, have requested Joel Staff to continue serving as chairman and CEO and have concluded the search process they initiated in April 2003. Staff has served Reliant Resources as chairman of the board and CEO since the resignation of Steve Letbetter on April 13, 2003.
"Having the opportunity, over the last four months, to interview multiple quality candidates and to work with Joel convinced us that he is the right person to lead the company in creating value for our shareholders. We are delighted that Joel has agreed to accept this appointment," said William Barnett, chairman of Reliant's Nominating and Governance Committee.
