22.9.2007: Meldung: Calpine Corporation: Zamir Rauf, Senior Vice President of Finance and Treasurer

Calpine Names Zamir Rauf, Senior Vice President of Finance and Treasurer
Thursday September 20, 9:00 am ET

SAN JOSE, Calif. and HOUSTON, Sept. 20 / Calpine Corporation today announced that Zamir Rauf has been promoted to Senior Vice President of Finance and Treasurer. He will report to Lisa Donahue, Calpine"s Interim Chief Financial Officer. In his new role, Mr. Rauf will continue to oversee the Project and Corporate Finance groups, in addition to managing Calpine"s Treasury function.

"I"m particularly pleased with this appointment as Zamir has emerged as a true leader in the finance and accounting organization," Calpine"s Interim Chief Financial Officer Lisa Donahue said. "Under Zamir"s leadership, Calpine recently received a commitment for an amended and upsized exit facility, providing the company up to $8 billion in secured financing upon emergence from bankruptcy. This represents one of the largest and most attractively priced exit financings of its kind."

Mr. Rauf joined the company in 2000 and has worked in strategic finance, financial structuring and project finance. Most recently, he has played an integral role in Calpine"s restructuring efforts. He works closely with the company"s legal and restructuring advisors as well as the creditors" committees in an effort to help ensure the successful reorganization of the company.

Before joining Calpine, Mr. Rauf was with Enron North America as a Manager - Merchant Finance. He previously worked at Dynegy Inc. in various accounting and finance roles and at Comerica Bank where his last position was Corporate Banking Officer serving in various lending and credit roles. He earned his bachelor"s degree in business and commerce and master"s in business administration-finance from the University of Houston.

Calpine Corporation is helping meet the needs of an economy that demands more and cleaner sources of electricity. Founded in 1984, Calpine is a major U.S. power company, capable of delivering nearly 24,000 megawatts of clean, cost-effective, reliable and fuel-efficient electricity to customers and communities in 18 states in the U.S. The company owns, leases and operates low-carbon, natural gas-fired and renewable geothermal power plants. Using advanced technologies, Calpine generates electricity in a reliable and environmentally responsible manner for the customers and communities it serves. Please visit http://www.calpine.com for more information.

Source: Calpine Corporation
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