Summary
This 8-K filing from Northeast Utilities (NU), dated September 15, 2004, announces a significant executive leadership transition. John H. Forsgren, the current vice chairman of the board, executive vice president, and chief financial officer, is set to retire effective January 1, 2005. This departure marks the end of his tenure and leadership within the company's financial operations. Following Mr. Forsgren's retirement, Northeast Utilities has a succession plan in place. David R. McHale, who currently serves as NU's vice president and treasurer, will be promoted to senior vice president and chief financial officer. Concurrently, Randy A. Shoop, the assistant treasurer, will step into the role of vice president and treasurer. These appointments are effective upon Mr. Forsgren's retirement and are intended to ensure a smooth transition in financial leadership for the company.
Key Highlights
- 1John H. Forsgren, Vice Chairman, EVP, and CFO of Northeast Utilities, will retire effective January 1, 2005.
- 2David R. McHale will be promoted to Senior Vice President and Chief Financial Officer.
- 3Randy A. Shoop will be promoted to Vice President and Treasurer.
- 4The company has established a clear succession plan for key financial leadership roles.
- 5The announcement was made via a news release filed as an exhibit to the 8-K.