Con Edison Elects New Board Member

Rhea-AI Summary

Consolidated Edison (NYSE:ED) has announced the election of Brendan Cavanagh to its Board of Directors, effective October 1, 2025. Cavanagh currently serves as President and CEO of SBA Communications Corporation (NASDAQ: SBAC), a real estate investment trust specializing in wireless communications infrastructure.

Cavanagh brings extensive financial expertise and executive leadership experience, having previously served as SBA's CFO for 15 years during his 27-year tenure with the company. His appointment adds valuable telecommunications and infrastructure management experience to Con Edison's board.

Positive

• Addition of experienced executive with 27 years of infrastructure management expertise
• Strengthening of board's financial oversight capabilities with former CFO experience
• Brings valuable telecommunications sector perspective to utility operations

Negative

• None.

Brendan Cavanagh Will Join the Company's Board of Directors

Appointment Effective October 1, 2025

NEW YORK, Aug. 6, 2025 /PRNewswire/ -- Consolidated Edison, Inc. ("Con Edison") (NYSE:ED) today announced that its Board of Directors elected Brendan Cavanagh to Con Edison's Board of Directors, effective October 1, 2025. Mr. Cavanagh is currently the President and Chief Executive Officer of SBA Communications Corporation (NASDAQ: SBAC), a real estate investment trust that owns and operates wireless communications infrastructure including towers, buildings, rooftops, distributed antenna systems and small cells. Mr. Cavanagh is an experienced executive with broad financial expertise. He has been in his current role since January 2024, and has overseen a significant expansion of SBA's assets. Prior to becoming CEO, Mr. Cavanagh served as Chief Financial Officer of SBA for 15 years. During his 27-year career at SBA, he also served in other senior leadership roles, including Vice President and Chief Accounting Officer and Vice President of Site Administration. Prior to joining SBA, he worked for Arthur Andersen in the audit and assurance practice. Mr. Cavanagh holds a bachelor's degree in accounting from Wake Forest University, and a master's in business administration from Florida Atlantic University.

Consolidated Edison, Inc. is a holding company that provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York, Inc. (CECONY), a regulated utility providing electric service in New York City and New York's Westchester County, gas service in Manhattan, the Bronx, parts of Queens and parts of Westchester, and steam service in Manhattan; Orange and Rockland Utilities, Inc. (O&R), a regulated utility serving customers in a 1,300-square-mile area in southeastern New York State and northern New Jersey; and Con Edison Transmission, Inc., which falls primarily under the oversight of the Federal Energy Regulatory Commission and through its subsidiaries, invests in electric transmission projects and manages, through joint ventures, both electric and gas assets while seeking to develop electric transmission projects.

 

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SOURCE Consolidated Edison, Inc.

FAQ

When will Brendan Cavanagh join Con Edison's (NYSE:ED) Board of Directors?

Brendan Cavanagh will join Con Edison's Board of Directors effective October 1, 2025.

What is Brendan Cavanagh's current role before joining Con Edison's board?

Brendan Cavanagh currently serves as the President and CEO of SBA Communications Corporation (NASDAQ: SBAC), a position he has held since January 2024.

How long did Brendan Cavanagh serve as CFO at SBA Communications?

Brendan Cavanagh served as Chief Financial Officer of SBA Communications for 15 years during his 27-year career at the company.

What areas does Consolidated Edison (NYSE:ED) serve?

Con Edison provides electric service in New York City and Westchester County, gas service in Manhattan, the Bronx, parts of Queens and Westchester, and serves customers in southeastern New York State and northern New Jersey through Orange and Rockland Utilities.