Vistra announced that its board of directors has appointed company veteran Kris Moldovan as its next chief financial officer, effective Aug. 1. Moldovan assumes the CFO role from Jim Burke, who, as previously announced, will transition to chief executive officer on Aug. 1. Moldovan’s appointment marks the completion of Vistra’s search process.
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“With a unique combination of deep industry expertise, company knowledge, and financial acumen, Kris is the right leader to be our next CFO,” said Burke, Vistra’s president and incoming CEO. “For more than a decade, Kris has been instrumental to our finance team and has played a key role in the design and execution of our capital allocation strategy, having managed several critical transactions, including our green perpetual preferred equity offering. Importantly, Kris is a thoughtful and well-respected leader with a consistent track record of strong performance and positive engagement with key external stakeholders. The board and I are excited to partner with Kris and look forward to his continued contributions to Vistra.”
In his new role, Moldovan will continue to report to Burke and will assume broad responsibility for the company’s accounting, risk, internal audit, treasury, tax, planning, investor activities, and other various functions.
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“It is an exciting time to be a part of Vistra and I am humbled to be named CFO. In all the years I’ve been with the company, I don’t believe it has ever been better positioned for success than it is now,” said Moldovan. “I am looking forward to working with Jim, the board, the finance team, and the rest of the Vistra organization to execute on our strategic imperatives, including Vistra’s clean energy transformation, and create value for all our stakeholders.”
Moldovan, 50, has been with Vistra and its predecessor companies since 2006 and, for the past five years, has served as senior vice president and treasurer, where he is responsible for all treasury-related activities, including financing activities and assuring availability of liquidity and cash resources, among other responsibilities. From 2010 to 2017, he was the company’s assistant treasurer. Moldovan originally joined the company as senior counsel, where much of his work focused on finance and mergers and acquisitions. Prior to joining the company, he was an attorney for Gibson, Dunn & Crutcher, LLP in Dallas and for Wildman, Harrold, Allen & Dixon in Chicago, where he gained extensive experience in M&A, finance, and general corporate advisory.
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