8-KLeadership ChangesExhibits & Filings

CONSOLIDATED EDISON INC 8-K Report, Executive Changes (Oct 19, 2023)

Filed October 19, 2023For Securities:ED

Summary

Consolidated Edison, Inc. (Con Edison) announced a significant board-level appointment and related committee assignments, effective February 1, 2024. Catherine Zoi has been elected to the Boards of Directors of both Consolidated Edison, Inc. and its subsidiary, Consolidated Edison Company of New York, Inc. This move introduces new expertise to the company's governance structure. Ms. Zoi's appointment to the Safety, Environment Operations and Sustainability Committees signals a strategic focus on these critical areas for the utility. Investors should note that Ms. Zoi will receive compensation in line with the company's established director compensation policies, as detailed in their latest proxy statement. Her background includes a recent tenure as CEO and director of EVgo, Inc., a publicly traded electric vehicle charging company. This experience, particularly in the sustainability and energy transition space, is likely to be a valuable asset to Con Edison as it navigates the evolving energy landscape.

Key Highlights

  • 1Catherine Zoi appointed to the Boards of Directors of Consolidated Edison, Inc. and Consolidated Edison Company of New York, Inc., effective February 1, 2024.
  • 2Ms. Zoi appointed to the Safety, Environment Operations and Sustainability Committees of both Boards.
  • 3Ms. Zoi is retiring as CEO and director of EVgo, Inc. in November 2023.
  • 4Director compensation for Ms. Zoi will follow existing company arrangements.
  • 5The filing includes a press release and an interactive data file as exhibits.

Frequently Asked Questions

Catherine Zoi is an executive with experience in the clean energy sector. She is retiring as chief executive officer and a director of EVgo, Inc., a company focused on electric vehicle charging infrastructure. Her appointment to Con Edison's boards and committees suggests a strategic alignment with safety, environmental, and sustainability initiatives.

Ms. Zoi's election to the Boards of Directors and her committee appointments are effective February 1, 2024.

Ms. Zoi will participate in the compensation arrangements for directors as described in Con Edison's proxy statement for its 2023 annual meeting of stockholders, filed on April 3, 2023.

Her appointment to the Safety, Environment Operations and Sustainability Committees indicates a focus on these critical operational and strategic areas. Given the nature of a utility company, these committees are vital for ensuring responsible operations, environmental compliance, and progress towards sustainability goals.