Summary
This 8-K filing by Edison International (EIX) on December 10, 2010, announces a significant leadership transition within its key subsidiary, Southern California Edison (SCE). Alan J. Fohrer is retiring as the principal executive officer of SCE, effective January 1, 2011. Mr. Fohrer will receive retirement benefits as per existing company plans and incentive award grants.
Key Highlights
- 1Alan J. Fohrer is retiring as Principal Executive Officer of Southern California Edison (SCE) effective January 1, 2011.
- 2Ronald L. Litzinger will succeed Mr. Fohrer as Principal Executive Officer of SCE.
- 3Mr. Litzinger will resign his leadership positions at Edison Mission Group Inc. and Edison Mission Energy to take on the new role.
- 4The transition is effective January 1, 2011.
- 5Mr. Fohrer's retirement compensation will be provided under Edison International's established Executive Retirement Plan, Executive Severance Plan, and long-term incentive award grants.
- 6The company issued a press release on December 9, 2010, detailing this management transition.
Frequently Asked Questions
Ronald L. Litzinger will succeed Alan J. Fohrer as the principal executive officer of Southern California Edison (SCE).
The retirement of Alan J. Fohrer and the appointment of Ronald L. Litzinger as SCE's principal executive officer are both effective January 1, 2011.
Mr. Fohrer is entitled to benefits under Edison International's Executive Retirement Plan, Executive Severance Plan, and applicable long-term incentive award grants.
In order to assume his new role at SCE, Mr. Litzinger will resign as Chairman of the Board, President, and CEO of Edison Mission Group Inc. and Edison Mission Energy.