Sign in

    Joseph R. Nolan, Jr.

    Chairman of the Board, President, and CEO at Eversource Energy
    Board
    Since May 5, 2021
    Age
    61 years
    Education
    Holds a B.A. degree in Communications and an M.B.A. from Boston College.
    Tenure
    Joined Eversource Energy as President and CEO in 2021 after holding key executive roles since August 2016, and was elected Chairman of the Board on 01-2023.

    Also at Eversource Energy

    GBB
    Gregory B. Butler
    EVP and General Counsel
    JWHI
    James W. Hunt, III
    EVP-Corporate Relations and Sustainability
    JMM
    John M. Moreira
    EVP, CFO, and Treasurer

    About

    Joseph R. Nolan, Jr. is a seasoned executive dedicated to driving growth and innovation at Eversource Energy. At 61 years old as of February 14, 2025 , he has consistently demonstrated strategic leadership and a commitment to excellence in the energy industry.

    He began his impactful journey at Eversource Energy by joining as President and CEO in 2021. Prior to that, he held significant positions, serving as Executive Vice President in both Customer and Corporate Relations roles from August 2016 until May 2021. This phase of his career laid the foundation for his subsequent leadership roles.

    In January 2023, he was elected Chairman of the Board, further solidifying his role as a guiding force behind the company's success. His leadership has been characterized by strategic decision-making and an unwavering focus on aligning the company with sustainable growth and clean energy initiatives.

    Alongside his professional achievements, he holds strong academic credentials, having earned a B.A. in Communications and an M.B.A. from Boston College. This blend of experience and education underscores his ability to bridge strategic vision with practical execution, making him a pivotal figure in the company's continued evolution.

    $ES Performance Under Joseph R. Nolan, Jr.

    Past Roles

    Organization Role Date Range Details
    Eversource Energy Executive Vice President - Strategy, Customer and Corporate Relations Feb 5, 2020 - May 5, 2021 N/A
    Eversource Energy Executive Vice President - Customer and Corporate Relations Aug 8, 2016 - Feb 5, 2020 N/A

    External Roles

    Organization Role Date Range Details
    MGH Institute of Health Professionals President's Council Member N/A Serves on the President's Council of the MGH Institute of Health Professionals

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$1,325,001 2023Fixed annual salary
    Retirement Plan (QP)$1,218,146 2023Present Value of Accumulated Benefits
    Supplemental Plan (Excess)$11,446,635 2023Present Value of Accumulated Benefits
    Supplemental Plan (SERP)$11,120,961 2023Present Value of Accumulated Benefits
    All Other Compensation$79,708 2023Other fixed compensation

    Performance Compensation

    Data from  FY 2023

    Annual Incentive Compensation

    MetricValueNotes
    Grant DateFeb 1, 2023 Date of incentive grant
    Threshold$867,000 Minimum performance level
    Target$1,734,000 Predefined incentive goal
    Maximum$3,468,000 Cap on payout
    Actual Payout$1,630,000 94% of target; reflects company performance challenges

    No vesting schedule applies as this is a cash-based incentive. Performance is evaluated based on team performance, individual contributions, and overall company results with the EPS-based goal eliminated.

    Performance Shares

    MetricValueNotes
    Grant DateFeb 1, 2023 Date when performance shares were granted
    Target Shares70,177 shares Shares granted at target performance
    Maximum Shares140,354 shares 200% of the target
    Grant Date Fair Value$8,018,396 Total fair value of the granted performance shares
    Performance Metrics3-Year Average EPS Growth: 6.0% ; 3-Year TSR: 8th percentile Metrics based on EPS growth and relative total shareholder return; TSR below 10th percentile sets a below-target payout
    Vesting Schedule3-Year Performance Period (2023-2025) Vesting contingent on meeting performance criteria over the evaluation period
    Realized Shares19,412 shares Shares acquired on vesting
    Realized Value$1,543,748 Valuation based on a stock price of $78.89 per share as of Feb 14, 2023

    The performance compensation combines cash incentives and share-based awards. The Annual Incentive is measured against predetermined thresholds, targets, and maximums, while the Performance Shares component is contingent upon achieving specific performance metrics over a three-year period. Both components are designed to align executive rewards with the company’s operational and financial performance.