Talen Energy Corporation announced that Cole Muller will take over as chief financial officer, effective immediately, while Terry Nutt will transition to the role of president to focus on strategy and execution.
Muller brings a blend of operational and strategic experience to the CFO role. He previously served as Executive Vice President of Strategic Ventures and held leadership positions in the company’s PJM fossil business unit. His background includes a decade at McKinsey & Co., where he advised energy clients on growth and cost‑optimization initiatives. Nutt, who served as CFO from July 2023, will leverage his financial expertise in his new president role to guide the company’s portfolio transformation and data‑center power strategy.
The CFO change comes as Talen accelerates its push into the data‑center market, a sector that has become a key driver of growth for energy companies. The company recently completed a $3.5 billion acquisition of the Moxie Freedom Energy Center and Guernsey Power Station, adding efficient combined‑cycle gas turbine capacity that will support the rising demand for reliable, low‑carbon power to AI and cloud‑based data centers. Talen’s partnership with Amazon Web Services to supply carbon‑free energy further underscores its commitment to this high‑margin segment. Management projects that the acquisitions will generate over 40% accretion to free cash flow per share by 2026 and more than 50% through 2029, reflecting confidence in the data‑center strategy’s profitability.
CEO Mac McFarland emphasized that the executive realignment aligns leadership with the company’s strategic priorities. “By placing Cole in the CFO role, we are positioning Talen to capitalize on the data‑center boom while maintaining disciplined financial stewardship,” McFarland said. The transition signals a continued focus on cost control, operational leverage, and strategic investment in high‑return verticals, reinforcing Talen’s long‑term growth trajectory.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.