Joseph R. Nolan, Jr. is the President and CEO of Eversource Energy, having taken on the role in May 2021. His appointment followed a smooth transition from the former CEO, James J. Judge, who now serves as Executive Chairman. In...
Joseph R. Nolan, Jr. is the President and CEO of Eversource Energy, having taken on the role in May 2021. His appointment followed a smooth transition from the former CEO, James J. Judge, who now serves as Executive Chairman. In this pivotal role, Nolan is steering the company through various industry challenges while focusing on sustainable growth. In 2023, he received total compensation of approximately $3.18 million, including an impressive annual bonus of $1.63 million, reflecting strong performance against company goals, despite tough market conditions. This aligns with Eversource's commitment to performance-based compensation, where bonuses are tied to clear financial and operational objectives. Interestingly, Nolan's insider trading history reveals significant fluctuations in his holdings; for instance, he held shares valued at nearly $10 million in early 2023, which shows his strong alignment with the company's performance. In September 2022, he became the Chairman of the Board, highlighting his growing influence and leadership within the company. Nolan's focus is on ensuring that Eversource not only meets its financial targets but also commits to social responsibility, adapting to the changing landscape in the energy sector.