Consolidated Edison Taps Kirkland B. Andrews of Evergy as CFO Succeeding Robert Hoglund, Effective July 8
Portfolio Pulse from Benzinga Newsdesk
Consolidated Edison (NYSE:ED) announced that Robert Hoglund will retire as CFO on July 8, 2024, and will be succeeded by Kirkland B. Andrews from Evergy (NASDAQ:EVRG). Andrews will assume the role of Senior Vice President and CFO, reporting to CEO Tim Cawley.
June 10, 2024 | 11:32 am
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Evergy's CFO, Kirkland B. Andrews, will leave the company to join Consolidated Edison as CFO on July 8, 2024. This departure may raise concerns about leadership stability at Evergy.
The departure of a key executive like the CFO could create uncertainty about Evergy's future leadership and financial strategy, potentially leading to short-term negative sentiment among investors.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Consolidated Edison announced a CFO transition with Kirkland B. Andrews from Evergy succeeding Robert Hoglund on July 8, 2024. This planned transition aims for a smooth handover.
The planned CFO transition is likely to be seen positively as it ensures continuity and brings in an experienced executive from Evergy. This could boost investor confidence in Con Edison's management stability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100