|
|
News
Con Edison Media Relations
For Immediate Release: February 16, 2006
CON EDISON ANNOUNCES APPOINTMENT OF KEVIN BURKE AS CHAIRMAN
NEW YORK - The board of directors of Consolidated Edison Inc. (Con Edison)
today elected Kevin Burke, currently president and chief executive officer,
as chairman of the board. Mr. Burke will succeed Eugene R. McGrath who
will retire effective February 28, 2006. Mr. McGrath has served as Con
Edison's chairman since 1990.
Burke, 55, joined the company in 1973 and held senior positions in system
planning, engineering, law, nuclear power, construction, and corporate
planning. In 1999, he was elected president of Orange and Rockland Utilities,
Inc., a subsidiary of Con Edison. The following year, he was named president
and chief operating officer of Consolidated Edison Company of New York.
During that time, Burke managed the company's massive power restoration
work in lower Manhattan following the September 11, 2001 attacks. A
member of the boards of directors of numerous nonprofit organizations,
Burke holds a master's in business policy from Columbia University,
a Juris Doctor from Fordham University, a master's in engineering from
Rensselaer Polytechnic Institute, and a bachelor's in engineering from
The Cooper Union.
"Con Edison is a great company and will be in good hands under Kevin's
leadership," said McGrath, adding "His knowledge of every aspect of
operations combined with his strategic abilities make him well-suited
to lead the company into the future."
McGrath, 64, a 43-year veteran of Con Edison, guided the company through
major changes in the energy industry, most notably deregulation and
the company's entrance into competitive energy markets through the establishment
of several competitive businesses. He also oversaw the company's largest
investment program to meet the energy needs of New Yorkers. During his
tenure, Con Edison maintained its position as the most reliable electric
utility in the United States.
"New Yorkers owe Gene McGrath a debt of gratitude. His commitment to
excellence drove improvements in Con Edison's operating, environmental,
and financial conditions," said Burke.
McGrath will remain on the company's board of directors.
Consolidated Edison, Inc. [NYSE: ED] is one of the nation's largest
investor-owned energy companies, with approximately $12 billion in annual
revenues and $25 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; Con Edison Solutions, a retail
energy supply and services company; Con Edison Energy, a wholesale energy
supply company; Con Edison Development, a company that owns and operates
generating plants and participates in other infrastructure projects;
and Con Edison Communications, a telecommunications infrastructure company
and service provider. For additional financial, operations and customer
service information, visit Consolidated Edison, Inc.'s Web site at www.conedison.com.
|
