David Faranetta is the new CFO and executive vice president of Stream effective this month. This is according to the news posted on the company’s website earlier this month. Part of the news article said that Mr. Faranetta’s major role would be to come up with strategies for the actualization of Stream’s financial plan. Formerly known as Stream Energy, Stream provides the people of Dallas, Texas with connected life services. The company uses direct sales approach in its marketing, which means that Faranetta’s job is cut out for him. Before joining Stream, he was working as a senior vice president of Planning and Treasury at Vistra Energy.
An Invaluable Asset
In appointing Faranetta, Stream acquired just the right man for the job. He has a proven record as an executive in the energy industry, with his motivational and strategic brand of leadership making him excel everywhere he goes. His reputation is also defined by his ability to mobilize his finance team towards meeting the desired economic growth. In his statement after landing the job, Mr. Faranetta acknowledged the fact that the job before him was enormous particularly because of the competitiveness of the global energy industry. He expressed his joy and satisfaction in joining Stream saying that the team at the company is dynamic and has the right pace to improve the company’s performance. Faranetta also noted that
Stream President and CEO Larry Mondry on his part said that Faranetta’s experience in handling finance departments at the top level is an added advantage for the company. He added that Faranetta will be an invaluable asset to the company and expressed his optimism that Stream’s future is even brighter with him as CFO.
About Stream Energy
Stream Energy started operating in America’s energy sector in 2005 and rebranded to Steam earlier this year. Since inception, the company has consistently shown the hunger of succeeding and revolutionizing the energy sector. Based in Dallas, Texas, Stream Energy was the first in the region to adopt direct selling.
Direct selling has worked perfectly well for Stream Energy. To this end, its lifetime revenue is above $8 billion (https://www.puc.texas.gov/industry/electric/directories/rep/report_rep.aspx?ID=ELSQL01DB1245339200001). This growth has also been witnessed in its infrastructure growth, with its operations extending to Georgia, New York, Pennsylvania, Illinois, Maryland, and New Jersey.