8-KLeadership Changes

CONSOLIDATED EDISON INC 8-K Report, Executive Changes (Aug 28, 2009)

Filed August 28, 2009For Securities:ED

Summary

This 8-K filing from Consolidated Edison, Inc. (ED) on August 28, 2009, reports a significant executive leadership change within its operating subsidiary, Consolidated Edison Company of New York, Inc. Effective November 1, 2009, Craig S. Ivey has been elected as the new President, succeeding Louis L. Rana, who is retiring after a distinguished 40-year career with the company. Mr. Ivey's appointment brings extensive experience in the utility sector, having held senior positions at Dominion Resources Services Company, including Senior Vice President of Transmission and Distribution. This transition signifies an important leadership update for the company, which investors will want to monitor as Mr. Ivey assumes his new responsibilities, particularly in light of his background in critical operational areas.

Key Highlights

  • 1Craig S. Ivey elected President of Consolidated Edison Company of New York, Inc., effective November 1, 2009.
  • 2The appointment follows the retirement of current President Louis L. Rana after 40 years of service.
  • 3Mr. Ivey, age 46, brings a strong background in utility operations from Dominion Resources Services Company.
  • 4His prior roles at Dominion included Senior Vice President of Transmission and Distribution, Senior Vice President of Distribution, and Vice President of Electric Operations.
  • 5This filing marks a planned leadership transition within a key subsidiary of Consolidated Edison, Inc.

Frequently Asked Questions

Craig S. Ivey has been elected as the new President of Consolidated Edison Company of New York, Inc., with his term effective November 1, 2009.

The leadership change is due to the retirement of the current President, Louis L. Rana, who has served the company for 40 years.

Mr. Ivey has substantial experience in the utility industry, most recently serving as Senior Vice President, Transmission and Distribution at Dominion Resources Services Company. Prior to that, he held senior roles in distribution and electric operations at the same company.

The election of Craig S. Ivey as President is effective November 1, 2009.