01—Abstract
Summary
Summary of the 8-K filed April 23, 2026. Cited figures are marked; the original filing is the authoritative source.
Edison International (EIX) filed an 8-K on April 23, 2026 reporting three governance and leadership developments.
First, the Board expanded from 11 to 12 members and appointed M. Susan Hardwick, former CEO of American Water Works, as an independent director of EIX, effective immediately. She will sit on the Audit and Finance Committee and the Compensation and Executive Personnel Committee, and will be paid under the standard non-employee director compensation schedule.
Her background in regulated utility finance, capital allocation, and operations adds depth to the board's financial and infrastructure expertise. Second, there is a planned CFO transition. Chief Financial Officer Maria Rigatti will resign as CFO effective July 3, 2026, and retire from EIX effective September 1, 2026, remaining an Executive Vice President until then.
Aaron D. Moss, currently SCE's SVP and CFO, will become EIX's EVP and CFO at the close of business on July 3, 2026. Moss has held finance and controller roles at EIX and SCE since 2016, so the successor is an internal candidate with deep familiarity with the company.
His compensation package includes a $730,000a base salary effective July 4, 2026, an EICP target of 85% of salary with a 2x maximum, and a supplemental 2026 long-term incentive grant of roughly $603,196 effective September 30, 2026. Third, the Board amended EIX's Bylaws to clarify officer designation and duties. The changes allow the Board to assign CFO-related duties to officers without formal titles, and realign the duties of the CFO, Controller, and Treasurer, including removing the Treasurer's default role of performing CFO duties during absence.
These are largely housekeeping changes that support the orderly succession plan. Overall, the filing signals a planned, internally-led finance leadership handoff alongside a board refresh with utility-sector expertise.
02—Key points
Key Highlights
- M. Susan Hardwick, former CEO of American Water Works (2022 to May 2025) and former CFO at American Water and Vectren, elected independent director; board increased from 11 to 12 members
- Hardwick joins the Audit and Finance Committee and the Compensation and Executive Personnel Committee
- CFO Maria Rigatti to resign as CFO effective July 3, 2026 and retire September 1, 2026
- Aaron D. Moss, current SCE SVP and CFO (CFO since 2022, EIX Controller 2016-2022), named EIX EVP and CFO effective July 3, 2026
- Moss compensation: $730,000 base salary from July 4, 2026; target incentive raised to 85% of salary with a 2x maximum; supplemental 2026 LTI grant of about $603,196 effective September 30, 2026
- Bylaws amended to clarify officer designation authority and realign CFO, Controller, and Treasurer duties, removing the Treasurer's default CFO-duty role
- Filing reflects a planned, internally-led finance leadership succession rather than an unexpected departure
03—Questions
Frequently Asked Questions
Why is the CFO leaving, and is this a concern for investors?
The filing describes a planned retirement. Maria Rigatti resigns as CFO effective July 3, 2026 and retires from EIX effective September 1, 2026, remaining an EVP until then. The announcement does not cite a disagreement or other negative cause, and the transition is staggered over several months, which generally reduces execution risk.
Who is replacing the CFO, and what is their background?
Aaron D. Moss, age 55, is the successor. He has served as SVP and CFO of Southern California Edison since 2022 and previously was VP and Controller of EIX (2016-2022) and SCE (2017-2021). His long internal tenure in finance and accounting suggests continuity in reporting, regulatory accounting, and capital planning.
What does the new board member bring to Edison International?
M. Susan Hardwick brings more than 35 years of regulated utility experience, including CEO of American Water Works and prior CFO roles at American Water and Vectren. Her expertise spans capital investment, infrastructure renewal, enterprise risk management, and regulatory affairs, which aligns with EIX's wildfire-mitigation, grid-hardening, and affordability priorities. She is independent and is seated on the audit and compensation committees.
Does this filing change the company's financial outlook or guidance?
No. The 8-K contains no financial results, guidance changes, or material financial disclosures. The compensation changes are modest relative to company scale, and the bylaw amendments are administrative clarifications of officer roles.
04—Continue