New Cheniere CEO Says He’s Focused on Simplifying the Company
- CEO strategy is far cry from expansion plans of founder Souki
- Jack Fusco joined as Cheniere CEO after Souki was ousted
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Jack Fusco, the chief executive officer of Cheniere Energy Inc., has a new priority for the company now that it’s regularly sending tankers full of U.S. shale gas abroad: streamlining.
The liquefied natural gas exporter is due for a transition that’ll move it away from the complex structure of a project developer toward a “simpler going concern,” Fusco, who joined Cheniere in May, said in an interview in New York on Tuesday. The company is also in need of an overhaul that’ll improve communication across departments and establish clearer career paths and compensation targets, he said, following a presentation at the Barclays CEO Energy-Power Conference.