NEW YORK, Sept. 17, 2020 /PRNewswire/ -- Consolidated
Edison, Inc. ("Con Edison") (NYSE:ED) today announced that its
Board of Directors has elected Tim
Cawley as Con Edison's president and chief executive
officer, effective January 1, 2021.
Cawley will also serve as chief executive officer of Con Edison's
principal subsidiary, Consolidated Edison Company of New York, Inc.
After 40 years of service, John
McAvoy has decided to retire as president and chief
executive officer at the end of the year. He will remain the
chairman of the board. McAvoy, who is 60, joined the company in
1980 and has served as president and chief executive officer since
2014.
"John has been a remarkable leader during incredibly
transformative times in the energy industry. John is a national
leader in the clean energy and renewable space. He is one of the
most effective CEOs I have ever had the pleasure of working with,"
said Mike Ranger, lead director of
the Board. "The Board is truly grateful that John has decided to
continue to serve as chairman. We are also excited that his focus
in succession planning has allowed us to appoint new leadership
from within the company."
"Tim Cawley is an accomplished
leader with extensive experience in the energy industry. I have had
the pleasure of working with Tim for many years and know he is the
right person to lead the company. He understands the needs of our
customers, our employees and all of our stakeholders," McAvoy said.
"Tim is an innovator in the clean energy and renewable space and
will ably guide the company into the future."
Cawley, 55, was appointed president of Consolidated Edison
Company of New York in 2018. Prior
to this position, he served as president and chief executive
officer of Orange and Rockland
Utilities, Inc. for 4 years. Since joining the company in 1987,
Cawley served as senior vice president of Central Operations with
responsibilities for steam and electric generation, transmission
and substation operations and construction activities. He also held
leadership positions in Electric Operations. Cawley holds an MBA
from New York University and a BS in
electrical engineering from Union
College. Tim's accomplishments are substantial and his
strategic thinking is visionary. He is respected by all who know
him.
Matt Ketschke, currently senior
vice president of Customer Energy Solutions, will be promoted to
president of Consolidated Edison of New
York, effective January 1,
2021. He is a recognized industry leader in areas such as
energy efficiency, smart meters, electric vehicles and battery
storage. His work has positioned Con Edison in the forefront of the
future energy industry. Ketschke, 48, joined the company in 1995 as
a management intern. He has held officer positions in Electric
Operations and Distributed Resource Integration as well as
leadership positions in Electric Construction and System and in
Human Resources. He was also the director of the Learning Center.
Ketschke holds a BS in mechanical engineering and an MS in
management from Stevens Institute of
Technology, and completed an Executive MBA at Columbia University. He is a Rockefeller
Fellow.
Consolidated Edison, Inc. is one of the nation's largest
investor-owned energy-delivery companies, with approximately
$13 billion in annual revenues and
$59 billion in assets. The company
provides a wide range of energy-related products and services to
its customers through the following subsidiaries: Consolidated
Edison Company of New York, Inc.
(CECONY), a regulated utility providing electric, gas and steam
service in New York City and
Westchester County, New York;
Orange and Rockland Utilities,
Inc. (O&R), a regulated utility serving customers in a
1,300-square-mile-area in southeastern New York State and northern New Jersey; Con Edison Clean Energy
Businesses, Inc., which through its subsidiaries develops, owns and
operates renewable and energy infrastructure projects and provides
energy-related products and services to wholesale and retail
customers; and Con Edison Transmission, Inc., which through its
subsidiaries invests in electric and natural gas transmission
projects.
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SOURCE Consolidated Edison, Inc.