Pacific Gas & Electric Taps Stanley Skinner as New CEO

Pacific Gas & Electric Co. said Thursday that Stanley Skinner, the company’s president and chief operating officer, will succeed Richard Clarke as chief executive on July 1.

Clarke, 64, will remain chairman of the utility until June 1, 1995, when PG&E; bylaws mandate his retirement. He may remain on the board as a director until age 70.

The company also announced that Robert Glynn Jr., currently a senior vice president and general manager for customer energy services, will become executive vice president on July 1.

Executive Vice President Jerry McLeod, 58, who led the company through the restructuring of its natural gas business during the past five years, will leave PG&E; “to pursue other interests,� the company said.

Clarke said he is accelerating the company’s management succession plan by a year because “the team that will be leading PG&E; in the future should be making decisions that will shape that future.�

He predicted that the next few years will bring greater change to PG&E; than the last 10 to 15 years because of proposed restructuring of electric services in California.

Clarke became chairman and chief executive of the San Francisco-based utility in 1986. Skinner, 56, has been president and chief operating officer since 1991.

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Lawrence Kudlow, a former top Wall Street economist and adviser to former President Ronald Reagan, has joined Montgomery Securities as a consultant, the company said.

The former chief economist and senior managing director of Bear, Stearns & Co. will give presentations to clients, work with Montgomery’s director of research and perform other duties on a part-time basis.

However, he will not be based in San Francisco, where the company is headquartered.

Kudlow, 46, left Bear Stearns in March.

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Edward C. Field has been appointed president of Pacific-Sierra Research, an employee-owned scientific research firm headquartered in Santa Monica.

Field, who has been with Pacific-Sierra since 1972, most recently served as vice president of science and technology. Field succeeds Frank J. Thomas, who will continue as chairman.

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Noel Feldman has joined Trust Company of the West as senior vice president of marketing in the firm’s Los Angeles headquarters. His primary responsibility will be to coordinate TCW’s relationships with investment consulting firms.

For the past 17 years, Feldman has served as an investment consultant with Hewitt Associates.

San Diego-based Telios Pharmaceuticals Inc. announced the appointment of Donald W. Grimm, 52, as its president and chief executive effective June 15.

Grimm brings 23 years of pharmaceutical and biotechnology management experience to Telios. Grimm was previously president and chief executive of Hybritech.