Stream Energy Names David Faranetta as EVP & CFO

A new chief financial officer has been announced for Stream (originally Stream Energy). All future financial operations for the industrious energy giant including accounting, taxes, reporting, planning, and treasury functions will now fall under the direct supervision of Mr. David Faranetta. He is the previous CFO of Texas Energy and Senior Vice President of Planning and Treasury at another major Dallas-based company, Vista Energy. As Stream Energy’s new Executive Vice President and Chief Financial Officer he will now be responsible for driving the economic growth of the company, a job for which he is more than qualified. He has an undergraduate degree from Moravian College and has an MBA from Leigh University in addition to his many years in the energy industry. View Stream Energy at

Founded by Rob Snyder and Pierre Koshajki as Stream Gas & Electric Ltd. and doing business as Stream Energy back in 2004, the Dallas based company is now known simply as Stream. They provide their customers in the United States with wireless, protective, and home services in addition to basic energy. The energy part of the company has expanded into several other states besides Texas including Maryland, Pennsylvania, New Jersey, New York, and Washington D.C.


The almost decade and a half old company has single handedly impacted the energy industry in the united states, as a multi-level marketing/direct-selling company, and has placed itself as one of the forerunners in the global energy industry as well by pulling in over 7 billion dollars in over-all revenue. Ignite, the stand-alone marketing brand originally used by the company, was merged with Stream in 2014. The Stream Energy sales associates, according to disclosure statements released by the company, average several hundreds of dollars a year in annual income from selling services to customers and recruiting additional associates to do the same. Get details on Stream Energy at