Summary
This Form 8-K filing by Northeast Utilities (NU) on February 14, 2007, announces a key executive appointment. Shirley M. Payne has been elected as the Vice President - Accounting and Controller, effective February 13, 2007. This appointment is significant for the company's financial reporting and oversight functions. Ms. Payne brings substantial experience to this role, having previously served as Vice President, Corporate Accounting and Taxes at TECO Energy, Inc. since 2000, and as Tax Officer for Tampa Electric Company since 1999. Her compensation will include participation in the Northeast Utilities Incentive Plan and the Deferred Compensation Plan for Executives, aligning her interests with the company's performance.
Key Highlights
- 1Northeast Utilities (NU) appointed Shirley M. Payne as Vice President - Accounting and Controller.
- 2The appointment was effective February 13, 2007.
- 3Ms. Payne has extensive experience in corporate accounting and tax roles, previously at TECO Energy, Inc.
- 4She will serve until the next annual election of officers.
- 5Ms. Payne's compensation package includes participation in the NU Incentive Plan and Deferred Compensation Plan for Executives.
- 6There are no reported family relationships between Ms. Payne and existing NU officers or directors.
- 7Ms. Payne is 55 years old.
Frequently Asked Questions
Shirley M. Payne has been appointed as the Vice President - Accounting and Controller for Northeast Utilities (NU).
The appointment of Ms. Payne became effective on February 13, 2007.
Ms. Payne has significant experience, including serving as Vice President, Corporate Accounting and Taxes for TECO Energy, Inc. since 2000 and Tax Officer for Tampa Electric Company since 1999.
Ms. Payne will participate in the Northeast Utilities Incentive Plan and the Deferred Compensation Plan for Executives.