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Timothy P. Cawley

Chairman, President, and CEO at CONSOLIDATED EDISON
Board
Since January 1, 2022
Age
60 years
Tenure
Joined Consolidated Edison in July 1987 and advanced through roles including Senior Vice President of Central Operations, President and CEO of Orange & Rockland Utilities, and President of Con Edison of New York before assuming the role of Chairman, President, and CEO.

Also at CONSOLIDATED EDISON

JM
Joseph Miller
Vice President, Controller, and CAO
KBA
Kirkland B. Andrews
Chief Financial Officer
RS
Robert Sanchez
President, Shared Services (CECONY)

About

Timothy P. Cawley is a seasoned executive currently serving as Chairman, President, and CEO of Consolidated Edison, Inc., and is 60 years old as of February 2025.

He embarked on his career at Consolidated Edison in July 1987 and has since progressed through a series of pivotal roles, including serving as Senior Vice President of Central Operations, President and CEO of Orange & Rockland Utilities, and President of Con Edison of New York, before ultimately being appointed to his current position on January 1, 2022.

Over the years, his strategic leadership and operational expertise have played a vital role in enhancing the company's performance and stakeholder engagement, while his involvement with various industry boards has helped shape industry standards and community initiatives.

$ED Performance Under Timothy P. Cawley

Past Roles

Organization Role Date Range Details
Con Edison of New York President and Chief Executive Officer December 29, 2020 - December 31, 2021 N/A
Con Edison of New York President January 1, 2018 - December 31, 2020 N/A
Orange & Rockland President and Chief Executive Officer December 2013 - November 2017 N/A
Con Edison of New York Senior Vice President of Central Operations December 2012 - November 2013 N/A

External Roles

Organization Role Date Range [N/A]Details
American Gas Association Director N/AExecutive and Safety Committees
Edison Electric Institute Director N/AN/A
Partnership for New York City Director N/AMember of the Executive Committee
Trust for Governors Island Board Member N/AN/A

Fixed Compensation

Data from  FY 2023
Component NameAmountPayment ScheduleAdditional Details
Base Salary$1,345,833 2023, Annual Fixed base salary component
Qualified Savings Plan$8,313 2023, Annual Company Matching Contribution
Non-Qualified Deferred Income Plan$30,475 2023, Annual Company Matching Contribution
Personal Use of Company-Provided Vehicle$13,299 2023, Annual Other Fixed Benefit
Driver or Other Transportation-Related Costs$8,516 2023, Annual Other Fixed Benefit
Financial Planning Services$19,000 2023, Annual Other Fixed Benefit

Performance Compensation

Data from  FY 2023

Annual Incentive Award

MetricTarget/ValueWeightThresholdMaximum (Cap)Actual/Weighted ResultNotes
Shareholder Return197.5% of target 50%25th percentile 90th percentile (200% payout) 98.8% weighted Based on relative performance
Adjusted EPS117.1% of target 30%$11.92 (0% payout) $15.16 (200% payout) 35.1% weighted Targets driven by EPS benchmarks
Operating Objectives141.4% of target 20%N/AN/A28.7% weighted Specific objectives not detailed
Overall Award$2,261,250 N/AN/AN/AN/ABased on a base salary of $1,350,000 and a target percentage of 125% with an earned weight of 134%

Long-Term Incentive Compensation (Performance Units)

MetricTarget/ValueWeightThresholdMaximum PayoutGrant DetailsVesting/Evaluation
Shareholder ReturnTarget: 50th percentile 50%25th percentile 90th percentile (200% payout) Grant Date Fair Value: $4,672,422 ; Grant Date Stock Price: $91.53 Performance period: Jan 1, 2023 – Dec 31, 2025
Adjusted EPSTarget: $13.54 for 100% payout 30%$11.92 for 0% payout $15.16 for 200% payout Target Award: 52,200 performance units Determined as of Dec 31, 2025
Operating ObjectivesSpecific objectives not detailed 20%N/AN/AMaximum Award: 99,180 performance units Performance vesting subject to achieving goals over 2023–2025
General DetailsN/AN/AN/AN/AGrant Date: February 15, 2023 No dividends accrue until post vesting approval