NRG Energy Inc. has announced a change in its executive leadership, with Rasesh Patel, President of NRG Consumer, planning to retire effective May 19, 2025. Patel will remain in an advisory role to ensure a smooth transition, with the company expecting to name his successor by the end of the second quarter.
Patel joined NRG in March 2023 as President of Smart Home following the acquisition of Vivint Smart Home, and expanded his role in March 2024 to lead all of NRG’s consumer businesses, including Home Energy and Smart Home.
Under Patel's leadership, the company integrated its Vivint and Home Energy platforms to form a powerful consumer platform, positioning NRG for long-term success. Notably, the team led the integration of smart home and home energy at NRG, setting ambitious goals and executing with focus, passion, and teamwork. This resulted in the pioneering of the first-of-its-kind residential virtual power plant (VPP) offering, made possible by seamlessly integrating smart home technologies with energy solutions and building trusted relationships with customers.
Patel expressed pride in the team’s dedication to developing a scalable platform that positions NRG as a leader in the evolving energy and smart home landscape. He also expressed confidence in NRG’s future and its leadership in the dynamic industry, looking forward to witnessing its continued success in creating value for all stakeholders.
NRG Energy Inc. is a leading energy and home services company operating in the United States and Canada. The company delivers innovative solutions, advocating for competitive energy markets and customer choice.
The company anticipates that Patel's successor will be appointed by the end of the second quarter, marking a significant change in its executive leadership. The market has reacted to these announcements by moving the company's shares 3.3% to a price of $86.37. For more information, read the company's full 8-K submission here.
