Summary
This Form 8-K filing by Consolidated Edison, Inc. (ED) on May 21, 2009, primarily announces a key executive change within the company's accounting department. Effective July 1, 2009, Robert Muccilo will assume the role of Vice President and Controller (principal accounting officer) for both Consolidated Edison, Inc. and Consolidated Edison Company of New York, Inc. Mr. Muccilo is a long-tenured employee, having been with Con Edison of New York since 1978, and has held various accounting positions, including a recent role as General Manager of Stores Operations. This appointment follows the previously announced retirement of the incumbent, Edward J. Rasmussen. Investors can view this as a transition within a critical financial function, with an experienced internal candidate stepping into the role.
Key Highlights
- 1Appointment of Robert Muccilo as Vice President and Controller (principal accounting officer) for Con Edison and Con Edison of New York.
- 2Effective date of Mr. Muccilo's appointment is July 1, 2009.
- 3Mr. Muccilo succeeds Edward J. Rasmussen, who is retiring.
- 4Robert Muccilo, age 53, has a long tenure with Con Edison, joining in 1978.
- 5Mr. Muccilo has held various accounting positions and served as General Manager of Stores Operations.
- 6This filing is an 8-K Current Report dated May 18, 2009, reporting the earliest event.
- 7The filing confirms the executive transition in a principal accounting role.