StocksMedium•29 September 2026•
1 min read
Talen Names New CEO and Announces $1.5 Billion Accelerated Share Repurchase
Key Facts
1Talen Energy named Terry Nutt as the new CEO, succeeding Mac McFarland who will retire at year-end.
2The company announced $1.5 billion in accelerated share repurchase transactions and upsized its total repurchase program to $3.0 billion through 2028.
Talen Energy named Terry Nutt as its new Chief Executive Officer, succeeding Mac McFarland who is set to retire at the end of the year. GlobeNewswire reported that the company also launched a $1.5 billion accelerated share repurchase program and increased its total repurchase authorization to $3.0 billion through 2028.
TLN closed at $303.5 on September 28, 2026, after reaching a session high of $306.52 and a low of $296. The strategic move to upsize the buyback program signals management's confidence in the company's valuation and its commitment to capital allocation for shareholders.