Talen Energy Appoints President Terry Nutt CEO, Effective Jan. 1, 2027, Succeeding Mac McFarland; Board Approves Upsized $3B Buyback Plan

Talen Energy Corporation has appointed Terry Nutt as the new CEO, effective January 1, 2027, succeeding Mac McFarland, who will remain in the role until the end of 2026 before transitioning to a senior advisor position. The company also announced a $1.5 billion accelerated share repurchase program and an upsized $3 billion share repurchase plan to enhance shareholder value.