Stream Energy is a new type of energy provider with an innovative platform to provide their energy, protective, wireless, and home services. Stream Energy was founded in 2005 in Dallas, Texas. Stream Energy is a revolutionary company which sells their products and services based on a direct to consumer selling foundation. Currently, Stream Energy serves most of the East Coast states including Georgia and Texas. Stream Energy uses associates to market the company and currently, the company is a billion-dollar energy enterprise that is known around the world.
At the helm of this successful company is Larry Mondry, who became Stream Energy’s President and Chief Executive Officer in 2016. Mr. Mondry brings an array of business experience in key executive positions like his managerial roles at CSK Auto and CompUSA. Mondry has grown Stream Energy exponentially and his vision is to expand its rapid growth. Further added to the leadership of Stream Energy is David Faranetta who was recently appointed the Executive Vice President and Chief Financial Officer.
David Faranetta attended the prestigious schools of Moravian College in Pennsylvania and LeHigh University, achieving a bachelor’s degree in economics and business. Mr. Faranetta will oversee Stream Energy’s treasury functions, financial planning, accounting/reporting, and tax department operations. David is no neophyte to the energy industry, as he has had an extensive career with TXU Energy, having served as its Senior Vice President and Chief Financial Officer.
David Faranetta led TXU into a near-perfect satisfaction rating by increasing their annual profits to over 30 million dollars while also improving morale and increasing the company’s retention rate. Additionally, Faranetta was responsible for leading the Texas company Luminant, which is a power generating business that includes trading, marketing, mining, and purchasing renewable and solar-generated electricity. Under his leadership, Luminant’s revenue grew and there was a significant decrease in its costs. With the growth plans for Stream Energy, Mr. Faranetta said he has been watching Stream Energy’s growth patterns and is now looking forward to working with Larry Mondry in the expansion of this global energy industry (TechNewsSpy).