Talen Energy Appoints President Terry Nutt CEO, Effective Jan. 1, 2027, Succeeding Mac McFarland; Board Approves Upsized $3B Buyback Plan Through 2028

Talen Energy Corporation has appointed Terry Nutt as the new CEO, effective January 1, 2027, succeeding Mac McFarland, who will transition to a senior advisor role until his retirement in March 2027. The company also announced a $1.5 billion accelerated share repurchase program and an upsized $3 billion share repurchase plan through 2028, indicating a strong commitment to returning capital to shareholders.