Part 2 of 2 Interview with Bob Flexon, CEO of Dynegy in Houston

Leadership Lyceum: A CEO's Virtual Mentor

Part 2 of 2 Interview with Bob Flexon, CEO of Dynegy in Houston.

Welcome to Episode 3 of the “Leadership Lyceum: A CEO’s Virtual Mentor” podcast. Part of a Sub-Series on “CEO from CFO”

This is Part 2 of a 2 part interview with Bob Flexon, CEO of Dynegy. Dynegy is a $5.5 billion revenue independent power producer in the US operating 26,000 megawatts of power generating facilities in eight states. The capacity from 35 power stations provides capability to power 21 million homes. Bob will share his experience over his five-year tenure at Dynegy as CEO and leading the company through financial distress, an orderly bankruptcy and emergence, and substantial growth through acquisition upon the emergence. Part 1 focused on Bob’s establishment of the culture of the organization to create an environment that could thrive in the major business transformation that would ensue. In Part 2 we will explore Bob’s leadership through major transformational events. The value of mentors and his advice to CFOs, CEOs, and boards of directors toward development of CEO successors.

More about Dynegy: Ticker DYN. http://www.dynegy.com/

More about Bob Flexon: http://www.dynegy.com/corp-governance/board-of-directors/robert-c-flexon

More about Senn Delaney and Culture Shaping: http://www.senndelaney.com/

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Program Guide

Part 2 of 2 Bob Flexon Interview

1:04 Introduction to Part 2

1:50 Background/Career History on Bob Flexon

4:06 Interview: Modification of Leadership – Moving from CFO to CEO

6:15 Impact of Influential People/Mentors: Bill Joyce, CEO at Hercules and David Crane, CEO at NRG

8:30 Break

8:49 Leading Outside Comfort Zone – Getting the Best Out of Individuals

12:08 Break

12:26 Development Advice for CFOs Aspiring to CEO

14:14 Advice to Boards for CEO Succession and Selection

15:32 Parting Thoughts – Company Culture and Culture’s Role in a Winning Organization

16:07 Wrap Up and Preview of Episode 4 – Interview with Bryan Shinn, CEO of US Silica

Biography on Bob Flexon

Robert Flexon is the president and CEO of Dynegy, an independent power producer based in Houston with 26,000 megawatts of power-generating facilities in eight states and revenue of $5.5 billion. Dynegy's 35 power stations provide electricity to 21 million homes in the Midwest, Northeast, and West Coast. Before coming to Dynegy in 2011, Flexon was CEO of Foster Wheeler, a global engineering and construction firm; and CFO and COO of independent power producer NRG. He has also held key finance and accounting positions with Hercules, a specialty chemical manufacturer, and Atlantic Richfield Company (ARCO), an oil and gas extraction company. A certified public accountant, Flexon earned a BS in accounting from Villanova. He serves on the Board of Neighborhood Centers, the largest not-for-profit in Texas.

Your host Thomas B. Linquist is a Partner at leading global executive search firm Heidrick & Struggles. Over his 15 years in management and leadership consulting he has served a wide array of industrial clients. This includes leadership assessment and search for chief executive officers, chief financial officers, chief operating officers and boards of directors. He holds an MBA from the University of Chicago and over his 25-year career has served in a variety of roles: as an engineer with Shell Oil Company, a banker with ABN AMRO Bank, and as treasurer was the youngest corporate officer in the 150+ year history at Peoples Energy Company in Chicago. He is an expert on hiring and promotion decisions and leadership development. Over the course of his search career he has interviewed thousands of leaders.

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