John McAvoy was the CEO of Consolidated Edison from January 1, 2014, until December 31, 2020. He has a long history with the company, starting back in 1980 and climbing the ranks through various leadership roles. Before becoming CEO, he...
John McAvoy was the CEO of Consolidated Edison from January 1, 2014, until December 31, 2020. He has a long history with the company, starting back in 1980 and climbing the ranks through various leadership roles. Before becoming CEO, he was the president and CEO of Orange and Rockland Utilities, a subsidiary of Consolidated Edison. During his tenure, he earned significant compensation, peaking at over $15 million in total compensation in 2020, which primarily came from stock awards that reflected the company’s performance. He focused on ensuring that executive pay was tied to the company’s success, aligning the interests of executives and shareholders. One interesting point is that despite fluctuations in his stock holdings, he maintained a healthy financial position with values consistently over $10 million during the last years of his leadership. He retired in 2020 but stayed on as Chairman, showing a commitment to the company's future. McAvoy's leadership was marked by a dedication to sustainable performance and making safe and efficient utility services a priority.