People Swaps

Chuck Watson (pictured) has resigned as chairman and chief executive (CEO) of Houston energy firm Dynegy. Glenn Tilton, vice-chairman of global energy major ChevronTexaco and a Dynegy director, becomes interim chairman, and Dan Dienstbier, president of Northern Natural Gas – a Dynegy subsidiary – and a Dynegy director, takes over as interim CEO. In addition, Rob Doty has resigned as executive vice-president and chief financial officer, to be replaced by Louis Dorey. Dorey was most