Rajat Prakash serves as Vice-President, Treasurer for Talen Energy. Mr. Prakash leads the Company’s treasury, cash management, capital markets and insurance functions.
Mr. Prakash has over 20 years of experience in treasury and corporate finance functions with a proven track record in capital markets, capital structure, operational finance and strategic transactions. Prior to joining Talen Energy, he served as Vice President, Treasurer for Bed Bath & Beyond where he helped to establish a standalone corporate treasury function, led amendment and extension of a $1 billion asset-based credit facility, optimized capital structure through $1 billion in share repurchases and implemented effective risk mitigation strategies and insurance programs. Previous to his tenure with Bed Bath & Beyond, Mr. Prakash held roles of increasing responsibility at Sears Holdings Corporation, a broadline retailer owned by ESL Investments (a privately run hedge fund). These roles included Assistant Treasurer, where he led the treasury function and managed a $20 billion capital markets program, and Director of Finance, where he generated $6 billion in economic value through risk and capital management activities.
A graduate of The University of Chicago Booth School of Business, Mr. Prakash earned a Master of Business Administration degree in Finance, Accounting, and International Business. He received a Bachelor of Engineering degree from the National Institute of Technology, Allahabad, India.
Mr. Prakash volunteers his time as a consultant for 1871, Chicago, the world’s largest startup incubator, where he advises companies in technology, consumer, healthcare, and logistics on raising capital, valuations, and operations.