8-KLeadership ChangesRegulation FD

EVERSOURCE ENERGY 8-K Report, Executive Changes (Jan 10, 2007)

Filed January 10, 2007For Securities:ES

Summary

This Form 8-K filing from Northeast Utilities (NU), now known as Eversource Energy (ES), reports a significant executive change. Cheryl W. Grisé, Executive Vice President and head of NU's Utility Group, announced her retirement, effective at the end of the second quarter of 2007. This departure necessitates a restructuring of operational leadership within the company. In response to Ms. Grisé's upcoming retirement, Northeast Utilities will consolidate its Utility Group and Transmission Group functions. Effective January 15, 2007, both of these operational divisions will report to a single Executive Vice President of Operations, Leon J. Olivier. This organizational change aims to streamline operations and leadership following Ms. Grisé's long tenure.

Key Highlights

  • 1Cheryl W. Grisé, EVP and head of the Utility Group, announced her retirement.
  • 2Ms. Grisé's retirement is effective at the end of the second quarter of 2007.
  • 3Northeast Utilities (NU) is restructuring its operational leadership in response to the retirement.
  • 4Effective January 15, 2007, the Utility Group and Transmission Group functions will be combined.
  • 5Leon J. Olivier will assume responsibility for both the Utility Group and Transmission Group as Executive Vice President of Operations.
  • 6The filing is made under Section 5.02 (Departure of Directors or Certain Officers) and Section 7.01 (Regulation FD Disclosure) of Form 8-K.

Frequently Asked Questions

Cheryl W. Grisé, Executive Vice President and head of Northeast Utilities' Utility Group, will be retiring. Her retirement is scheduled to take effect at the end of the second quarter of 2007.

Northeast Utilities is consolidating its operational leadership. Effective January 15, 2007, the Utility Group and Transmission Group functions will report to a single Executive Vice President of Operations.

Leon J. Olivier, currently an Executive Vice President, will oversee both the Utility Group and the Transmission Group in his role as Executive Vice President of Operations.

This filing primarily concerns a change in executive leadership and operational structure. While such changes can have long-term strategic implications, this 8-K filing itself does not contain information that directly impacts the company's current financial performance or outlook. Investors should monitor future reports for any strategic shifts or financial implications arising from this leadership transition.