UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 14A

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934

(Amendment No.     )

 

 

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¨		Soliciting Material Under §240.14a-12

CONSOLIDATED EDISON, INC.

(Name of Registrant as Specified In Its Charter)

NOT APPLICABLE

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

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CONSOLIDATED EDISON, INC.

4 Irving Place

New York, New York 10003

This communication updates information included in, and should be read together with, the Company’s definitive proxy statement dated April 8, 2014 (“Proxy Statement”).

LEADERSHIP STRUCTURE

As disclosed in the Proxy Statement, the Board of Directors of the Company determined that Kevin Burke should continue to serve as Chairman of the Board for an interim period after his retirement as the Company’s President and Chief Executive Officer effective December 25, 2013. John McAvoy was promoted to the position of President and Chief Executive Officer and appointed to the Board upon Mr. Burke’s retirement. On May 12, 2014, the Board appointed Mr. McAvoy to be Chairman of the Board, succeeding Mr. Burke. Mr. Burke continues to serve as a member of the Board. The Board determined that this leadership structure, which is consistent with the Company’s historical leadership structure, is in the best interest of stockholders based upon Mr. McAvoy’s knowledge of the Company and the utility industry and his leadership, engineering, and operations experience.

A copy of the press release announcing that the Board of Directors has elected John McAvoy as Chairman of the Board is attached.

		Media Relations 212 460 4111 (24 hours)		Consolidated Edison, Inc. 4 Irving Place New York, NY 10003 www.conEdison.com
FOR IMMEDIATE RELEASE		Contact:		Media Relations
May 12, 2014				(212) 460-4111
12:19 p.m.

 

CON EDISON NAMES JOHN McAVOY CHAIRMAN

OF THE BOARD OF DIRECTORS

NEW YORK—Consolidated Edison, Inc. (Con Edison) [NYSE: ED] today announced that its Board of Directors has elected John McAvoy as chairman of the board. McAvoy became president and chief executive officer at the end of last year when Kevin Burke retired. When McAvoy was elected president and chief executive officer, the company announced that Burke would remain as non-executive chairman of the board for a transition period. Burke will continue as a member of the Con Edison board.

Before becoming president and chief executive officer of Con Edison, McAvoy served as president and chief executive officer of Orange and Rockland Utilities, Inc., a subsidiary of Con Edison. McAvoy earned an MBA from New York University and a bachelor’s degree in Mechanical Engineering from Manhattan College. He is a graduate of the Rockefeller Fellows program. He sits on the boards of the Intrepid Sea, Air and Space Museum, the Partnership for New York City, the New York State Business Council, the Edison Electric Institute and the American Gas Association.

Consolidated Edison, Inc. is one of the nation’s largest investor-owned energy companies, with approximately $12 billion in annual revenues and $41 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, gas, and steam service in New York City and Westchester County, New York; Orange and Rockland Utilities, Inc., a regulated utility serving customers in a 1,350 square mile area in southeastern New York state and adjacent sections of northern New Jersey and northeastern Pennsylvania; Consolidated Edison Solutions, Inc., a retail energy supply and services company; Consolidated Edison Energy, Inc., a wholesale energy services company; and Consolidated Edison Development, Inc., a company that participates in infrastructure projects.

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