Riley Lauded for Work as Interim CEO

New President and CEO Manu Asthana to Start Jan. 6


Interim President and CEO Susan Riley visited the Markets and Reliability Committee on Dec. 5 to thank the PJM Board of Managers, stakeholders and staff for their work to improve relationships with stakeholders and to address complex issues around risk mitigation and planning during her six-month tenure.

Riley said she looked forward to returning to the PJM Board and supporting newly appointed President and CEO Manu Asthana, who joins PJM on Jan. 6.

“Thank you to members, regulators and stakeholders, and particularly to the PJM staff and Executive Team, for all of your hard work and your commitment to meet challenges together and to make PJM a stronger organization,” said Riley, who started July 1. “I know this great work will continue under Manu’s watch.”

PJM Board of Managers Chair Ake Almgren praised Riley for her leadership and proactive work with members, regulators, states and other stakeholders to lay a strong foundation PJM can continue to build on. Almgren said that Riley will be available to assist Asthana with his onboarding as CEO, resuming her position on the PJM Board at the end of January.

Almgren said Asthana has 21 years experience in the energy industry including power generation operations, optimization and dispatch, competitive retail electricity, and risk management. He most recently served as President of Direct Energy Home in North America.

“We are excited to welcome Manu as our new president and CEO,” Almgren said. “He brings decades of experience from the electric industry – somewhat different experiences, but still very relevant experiences. We are confident that he will bring new perspectives in his leadership moving PJM forward.”