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Gary M. Germeroth in his role of leading Calpine’s Risk Management function is responsible for maintaining oversight of Calpine’s risk management framework and assuring that the complex risks of the company are communicated and understood throughout the organization. Mr. Germeroth brings to Calpine more than 26 years of experience in energy strategy and risk management having directed a variety of commercial strategy enterprise risk management and corporate restructuring projects for multiple companies. He has led efforts related to corporate governance portfolio risk evaluation operational risk management strategic options analysis management of portfolio capital requirements organizational and business process design transaction settlement and financial accounting. He has most recently worked for PA Consulting Group and its predecessor firm Hagler Bailly Risk Advisors since 1999. Prior to joining PA in 1999 Mr. Germeroth held a variety of controllership risk control and treasury positions at various entities in his energy career. He holds a bachelor of science degree in finance from the University of Denver. | 