NEW
YORK, June 10, 2024 /PRNewswire/ -- Consolidated
Edison, Inc. (Con Edison) (NYSE: ED) and Consolidated Edison
Company of New York, Inc. (CECONY)
today announced that Robert Hoglund
plans to retire from the role of the Chief Financial Officer on
July 8, 2024, and will continue to
serve as Senior Vice President of Con Edison and CECONY to provide
for a smooth transition until his retirement later in 2024.
As part of the company's succession plan, Kirkland B. Andrews will succeed Robert Hoglund as Senior Vice President and
Chief Financial Officer, effective July
8, 2024. Mr. Andrews joins Con Edison from Evergy,
Inc. (NASDAQ: EVRG), where he served as Executive Vice President
and Chief Financial Officer. Mr. Andrews will report to the
Chairman and Chief Executive Officer, Tim
Cawley.
Mr. Cawley remarked "First off, my thanks to Robert for his many
contributions over the last 20 years. His deep industry
knowledge, financial expertise and sound judgement have helped
guide the company to strong results, including the recent increase
of our company's dividend for the 50th consecutive year. I'm very
grateful for all that he has accomplished, as his work has
benefited our shareholders, our customers, and our team."
Mr. Andrews has extensive finance experience, including 13 years
serving in CFO roles at public utilities. He serves on the
board of directors for RPM International Inc., a high-performance
coating, sealants and specialty chemicals company.
Mr. Andrews was previously employed at NRG Energy, Inc., where
he served as Executive Vice President and Chief Financial Officer,
and at Deutsche Bank Securities and Citigroup Global Markets, where
he served as a managing director. He graduated from Wake Forest University and holds an MBA from the
University of Virginia.
"Con Edison is poised for significant growth in the coming years
as New York continues to lead the
clean energy transition, and our financial strength is a critical
pillar of our strategy," said Cawley. "Kirk brings deep experience
to our company, and his thoughtful perspective and strong and
stable leadership will be great assets to our team."
Mr. Andrews stated, "I am excited to join Con Edison's diverse,
experienced and engaged workforce. I look forward to working with
Tim Cawley, the leadership team and
the entire organization to build on Con Edison's strong track
record and continue to deliver value for customers, employees, and
shareholders."
Consolidated Edison, Inc. is one of the nation's largest
investor-owned energy-delivery companies, with approximately
$15 billion in annual revenues and
$67 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.,
a regulated utility providing electric service in New York City and New York's Westchester County, gas service in
Manhattan, the Bronx, parts of Queens and parts of Westchester, and steam service in Manhattan; Orange and Rockland Utilities, Inc., a
regulated utility serving customers in a 1,300-square-mile area in
southeastern New York State and
northern New Jersey; and Con
Edison Transmission, Inc., which falls primarily under the
oversight of the Federal Energy Regulatory Commission and manages,
through joint ventures, both electric and gas assets while seeking
to develop electric transmission projects that will bring clean,
renewable electricity to customers, focusing on New York and the Northeast.
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SOURCE Consolidated Edison, Inc.