Stream Energy is a reputable provider of connected life services. The performance of the company has a leader in the provision of home, energy, protective and wireless services is expected to scale further. This is after the firm announced the entry of David Faranetta who will serve as its Executive Vice President and Chief Financial Officer. Mr. Faranetta will be in charge of Accounting, tax, financial planning and reporting.
Faranetta has spent many years in the energy sector, and he is expected to use his extensive knowledge in the industry to move Stream Energy forward. He is recognized for his strong ability to fuse human capital with the resources of the company in order to produce remarkable growth. While giving his remarks after being appointed, Faranetta said that over the years, he has monitored the growth of Stream Energy and he was happy to join the team that has helped the company realize outstanding growth. He further expressed his excitement for being part of the team that will power the company’s future growth plans.
David graduated from Moravian College with a Bachelor’s degree in Economics. Additionally, he is a holder of a master’s degree in Business Administration from Lehigh University. He possesses solid knowledge of finance, operations, and performance management. He is also experienced in risk management as well as mergers and acquisitions. Larry Mondry, the president, and CEO of Stream Energy hailed David as a person with deep knowledge in the industry who is expected to contribute significantly towards the success of the company.
Prior to joining Stream Energy, David was the Senior Vice President of Planning and Treasury at Vistra Energy (https://hitechchronicle.com/2017/11/stream-energy-texas/). He also had a stint at TXU Energy as the Chief Operating Officer.
About Stream Energy
Stream Energy was founded in 2005, by then, it was a small company that reached its customer through a word of mouth, but over the years, the company has grown to become an eminent player in direct selling of energy.
Initially, the firm operated from Stemmons Freeway; however, in 2016 the company shifted its head office to Addison. The new office covers 55,226 square feet and it serves as the epicenter for all activities of the company.