Talen Energy names Cole Muller CFO and Terry Nutt president in executive reshuffle
Talen Energy's board made several executive changes effective December 15, 2025, including a new Chief Financial Officer, Cole Muller, replacing Terry Nutt, who becomes President. Mac McFarland remains Chief Executive Officer, and General Counsel John Wander plans to retire at the end of June 2026. The filing also describes a plan to settle up to 60% of certain 2026 equity awards in cash, which the company says would reduce the number of shares issued to the public market.
Key points
- Terry Nutt resigned as CFO and was appointed President, effective immediately; Cole Muller was appointed CFO, effective immediately.
- General Counsel and Corporate Secretary John Wander intends to retire at the end of June 2026, and the company will conduct a search for his replacement.
- Illustrative example at an assumed $400 share price: about $369 million in cash settlement and about 680,000 shares issued, versus about 2,573,000 shares without partial cash settlement.
- Executive employment agreements now run through February 28, 2027, with automatic annual renewals unless 90 days' notice is given.
The filing
Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 15, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.