- Push-out Score determined
- After about five years in the position
- Accolades, praise and thanks for Judge
- Joe Nolan taking over
- Judge will remain as Executive Chairman at Eversource
- Judge said 98 words
(exechange) — Hartford, Connecticut and Boston, Massachusetts, April 7, 2021 — Jim Judge, chief executive of Eversource, leaves his position. As announced by Eversource Energy in a news release and in a regulatory filing published on Wednesday, April 7, 2021, James J. (Jim) Judge leaves his post as chief executive officer at New England’s largest utility company after about five years in the role, effective May 5, 2021.
Jim Judge’s duties as CEO will be taken over by Joseph R. (Joe) Nolan, currently Executive Vice President, Strategy, Customer and Corporate Relations of Eversource Energy.
“An important next step in the company’s succession process”
Jim Judge’s departure from the CEO post is explained as follows. Judge said: “One of my goals as CEO and Chairman of the Board was to ensure a strong leadership pipeline, and this is an important next step in the company’s succession process.”
Judge will remain as Executive Chairman at Eversource
“Jim Judge, Chairman, President and Chief Executive Officer, will become the company’s Executive Chairman of the Board, effective May 5, 2021,” Eversource said.
Share price increase since May 2016
The announcement follows an increase in Eversource Energy’s share price of 54% since May 2016. May 2016 is the month in which Judge’s tenure as CEO began.
In the position of CEO since 2016
Jim Judge became CEO of the Company in 2016.
In Judge’s new role as Executive Chairman of the Board, he will continue to serve the company on behalf of customers, shareholders and communities, overseeing strategic and investment planning, and remaining actively involved in both investor and industry relations.
He will continue to work closely with Nolan.
Judge is Chairman, President and Chief Executive Officer of Eversource Energy and is Chairman and a director of Eversource’s wholly-owned principal subsidiaries.
Judge was elected President and Chief Executive Officer in 2016 and was elected Chairman, President and Chief Executive Officer in 2017.
Previously, Judge was Executive Vice President and Chief Financial Officer of Eversource Energy and its subsidiaries from April 2012 until May 2016.
Judge served as a director of Analogic Corporation beginning in 2005 and as chairman of its audit committee until Analogic Corporation’s sale in 2018.
He serves on the Board of Directors of the Edison Electric Institute, the Massachusetts Competitive Partnership and the John F. Kennedy Library Foundation.
He has also served on the Board of Directors of the United Way of Massachusetts Bay and Merrimack Valley.
Judge received both a B.S. degree magna cum laude and an M.B.A. degree magna cum laude from Babson College.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Jim Judge’s move on a scale of 0 to 10.
exechange reached out to Eversource and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 15.2021 ($).