Recently Stream Energy announced that David Faranetta will be joining their team as the Executive Vice President and Chief Financial Officer. Stream Energy is basically a retail electricity provider spanning its branches across America and slowly taking over the entire global market.
Mr. Faranetta roles will include overseeing Stream energy’s Financial planning, tax, accounting and treasury functions. The reasons for his appointment are quite clear, David Faranetta is a mastermind in organizing resources and people to achieve the set goals. He also has an impeccable track record in executive leadership. Furthermore, he has vast experience in finance, treasury, performance and risk management and operations management. In a statement, Mr. Faranetta stated that he has had a keen eye for Stream energy and is excited to be joining the firm. Truly, Faranetta is going to perform and scale Stream Energy to the next level (YouTube).
A global leader in providing energy and home services, Stream energy has come a long way to get to its current stature today. Stream Energy was founded in 2004 after the Texas electricity market was deregulated. The two men behind the establishment of this mega enterprise were Pierre Koshajki and Rob Synder. It was until 2005 that Stream Energy fully started its operations. That was after the company was fully licensed by Texas’ Public Utilities Commission as a retail electricity provider.
On 7th March 2005, Stream Energy started providing electricity services to the people of Texas and slowly expanded to other areas (http://releasefact.com/2017/11/stream-energy/). 5 years later Stream Energy expanded into Pennsylvania and in 2011 the firm entered into the New Jersey and Maryland market. From there it grew into a global leader and has even employed over 250 people. With its headquarters located at Tollway Centre, Dallas, United States of America the company is led by Larry Mondry, the Chief Executive Officer.
It is no doubt that Stream Energy has revolutionized the energy sector. This is through the use of the direct selling method which it uses to boost its sales and grow immensely. With this and other factors put together, Stream Energy has been able to generate over $8 billion in terms of revenue since its inception. For sure, the firm will continue to grow and dominate the market.