Con Edison Names John McAvoy CEO - Quick Facts

(RTTNews) - Con Edison (ED) announced that its Board has elected John McAvoy as Consolidated Edison, Inc.'s president and chief executive officer or CEO, effective January 1, 2014.

The company stated that McAvoy will also serve as CEO of Con Edison's principal subsidiary, Consolidated Edison Company of New York, Inc.

Con Edison noted that after 40 years of service, Kevin Burke will retire as president and CEO on December 31. He will remain the non-executive chairman of the board for a transition period.

McAvoy was appointed president and chief executive officer of Orange and Rockland Utilities, Inc. in 2012. Since joining Con Edison in 1980, McAvoy served as senior vice president of Central Operations with responsibilities for the planning, design, operations and maintenance of the electric generation, transmission and substations systems, the generation and distribution of the steam system and construction activities for the company, Con Edison stated.