Con Edison's board of directors elected John McAvoy as Consolidated Edison Inc.'s president and CEO, effective January 1, 2014. McAvoy will also serve as CEO of Con Edison's principal unit, Consolidated Edison Co. of New York Inc.
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. Burke, who is 62, joined the company in 1973 and has served as president and CEO since 2005.
"John McAvoy is very talented and will ably guide the company as it moves forward," Burke said. "John is a leader. His extensive experience in the energy industry will be invaluable to our customers, investors and all who rely on the company."
McAvoy, 53, was appointed president and CEO 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. Over the years, he has held positions of increasing responsibility, including vice president of system and transmission operations and general manager of substation operations.