NEW YORK (AP) — The utility Con Edison said Monday that its board has elected President and CEO John McAvoy to the role of chairman.
McAvoy became Consolidated Edison Inc.'s president and CEO on Jan. 1, as Kevin Burke retired from those posts. At the time, the company said McAvoy would become chairman after a transition period.
Burke has been non-executive chairman of the company, and is still a member of the board.
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 in New York, New Jersey and Pennsylvania.