Dallas, Texas-based Stream (formerly Stream Energy), a direct selling company and provider of connected life services, recently announced the addition of David Faranetta as Executive Vice President and Chief Financial Officer.
Faranetta will oversee the company’s financial planning and reporting, accounting, tax and treasury functions. A veteran of the energy industry, Faranetta brings with him a proven track record of strategic executive leadership and a reputation for aligning people and resources to drive economic growth.
“I’ve been watching Stream for many years and am excited to finally be a part of this dynamic and fast-paced team,” Faranetta said. “I’m thrilled to join a team that will fuel our company’s growth and performance in the global energy industry.”
As CFO, Faranetta is responsible for driving Stream’s economic growth and overseeing all financial operations. He has a deep knowledge of and experience in financial, treasury and operations management, performance and risk management, mergers and acquisitions, and board and regulatory relations.
“I’m extremely pleased to welcome David to our team,” said Stream President and CEO Larry Mondry. “His long industry experience is of utmost value to our organization and his contributions are going to play a major role in shaping a bright future for Stream.”
Previously, Faranetta served as CFO of TXU Energy and electricity generator and wholesaler Luminant. He comes to Stream after serving as Senior Vice President of Planning and Treasury at Dallas-based Vistra Energy.