Bankrupt power producer


named Curt Morgan chief operating officer Thursday, as the company continues its revamping efforts.

The Atlanta-based company said the 43-year-old executive was previously executive vice president of Mirant's North America operations. He joined the company in August 2003.

"The creation of a chief operating officer position supports our ongoing effort to streamline operations, manage costs and create efficiencies," said CEO Marce Fuller. "Consolidating operations under one executive also enables the sharing of operational best-practices with greater ease and efficiency across the company."

Mirant was once a Wall Street favorite, but the company suffered along with its highly leveraged energy-merchant peers in the wake of the collapse of


. Last July, Mirant

shocked investors by filing Chapter 11 after it was unable to refinance its massive obligations with its creditors.

Mirant also named Terry Thompson vice president, restructuring. Thompson, 31, was recently director of treasury and business development at

Delta Airlines

(DAL) - Get Report