8-KLeadership ChangesOther EventsExhibits & Filings

EVERSOURCE ENERGY 8-K Report, Executive Changes (Sep 16, 2022)

Filed September 16, 2022For Securities:ES

Summary

Eversource Energy (ES) has filed an 8-K report on September 16, 2022, primarily announcing significant changes in its Board of Trustees and executive leadership, effective December 31, 2022. James J. Judge will retire as Executive Chairman of the Board and as a Trustee. Joseph R. Nolan, Jr., currently President and CEO, will assume the role of Chairman of the Board and Chair of the Executive Committee. This transition indicates a planned succession for key leadership positions within the company. Furthermore, the filing addresses a temporary unavailability of Jay S. Buth, Vice President, Controller, and Chief Accounting Officer. John M. Moreira, Executive Vice President, CFO, and Treasurer, has been appointed as the interim principal accounting officer. These executive movements, while potentially impacting immediate operational oversight, are presented as part of the company's governance and management adjustments.

Key Highlights

  • 1James J. Judge, Executive Chairman, to retire effective December 31, 2022.
  • 2Joseph R. Nolan, Jr. (current President & CEO) to become Chairman of the Board and Chair of the Executive Committee, effective December 31, 2022.
  • 3John M. Moreira (EVP, CFO, Treasurer) appointed interim principal accounting officer.
  • 4Jay S. Buth (VP, Controller, CAO) is temporarily unavailable to perform principal accounting officer duties.
  • 5The company issued a press release on September 16, 2022, detailing these leadership changes.

Frequently Asked Questions

Eversource Energy announced the retirement of Executive Chairman James J. Judge, effective December 31, 2022. Concurrently, Joseph R. Nolan, Jr., the current President and CEO, will become the Chairman of the Board and Chair of the Executive Committee, also effective December 31, 2022.

Jay S. Buth, the Vice President, Controller, and Chief Accounting Officer, is temporarily unavailable to perform his duties as principal accounting officer. John M. Moreira, the Executive Vice President, Chief Financial Officer, and Treasurer, has been appointed as the interim principal accounting officer.

The retirement of James J. Judge and the appointments of Joseph R. Nolan, Jr. as Chairman and John M. Moreira as interim principal accounting officer are all effective as of December 31, 2022.

The filing indicates planned leadership succession with Mr. Judge's retirement and Mr. Nolan's elevation. The temporary unavailability of the Chief Accounting Officer is presented as a specific, interim measure, with the CFO stepping in. While it requires attention, it is framed within the context of routine governance and management adjustments, not necessarily broader instability.