Eversource Energy's executive chairman of the board, Jim Judge, will retire from the board effective Dec. 31 of this year, according to a company press release on Sept. 16.
Judge has been the company's executive chairman since May 2021 after serving in roles such as president, CFO and CEO. Eversource president and CEO Joe Nolan will succeed Judge as chairman of the board as part of the company's long-term plan.
“It has been my distinct pleasure to have served the customers, shareholders and communities of Eversource," Judge said in the release. "During my 45-year career with the company, changes in the industry have been extraordinary and I am confident that Joe is the leader who has the vision and experience to ensure a strong future for the company.”
With a 35-year career at the company, Nolan worked to advance Eversource's environmental stewardship and clean energy strategy after being elected president, CEO and a board trustee in May 2021.
“I’m very grateful to Jim for his mentorship and guidance that has provided positive results for Eversource," Nolan commented in the release. "I look forward to building on that legacy as we lead the way in environmental and corporate responsibility, as well as reliable service to customers.”
Eversource's board lead independent trustee William Van Faasen shared that the board is grateful to Judge's contributions to the company and looks forward to Nolan's term as the board chairman.
“Joe is a remarkable leader with extensive experience at Eversource and in the industry," Van Faasen. "We look forward to him assuming this additional role as an important next step in the company’s succession process."
"I’ve had the pleasure of working with Jim as he led the company with the needs of customers, employees and all stakeholders as his top priority at all times," he added.
Recommended Reading
Mexico's Pemex Places $2 Billion Bond to Refinance Debt
2023-02-01 - Pemex's $2 billion bond has a 10-year maturity and was part of a move by the heavily indebted firm to secure financing during the first quarter.
Exxon Mobil Reports Solid Results, Eyes Permian and Guyana Growth
2023-02-01 - U.S. oil giant Exxon Mobil Corp. reported earnings of $55.7 billion in 2022 and looks to continue growing production in the Permian and Guyana over the near-term.
Exclusive Q&A: Strides in ESG, Innovative Technology [WATCH]
2023-02-01 - Kathryn Roark, vice president of diversity and ESG for Patterson UTI, discussed the improvements in ESG that the oil and gas industry has seen – and how it can be even better in the future.
Women in Energy: Alina Parast, ChampionX
2023-02-01 - Today's featured 25 Influential Women in Energy honoree is Alina Parast, senior vice president and CIO of ChampionX.
Oilfield Services Firm Atlas Energy Files for IPO
2023-02-01 - Atlas Energy, based in Austin, Texas, was reported last year to be preparing for a public listing that could value it at between $2 billion and $3 billion, including debt.