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 Name	Amount	Payment Schedule	Additional Details
Base Salary	$1,325,001	2023	Fixed annual salary
Retirement Plan (QP)	$1,218,146	2023	Present Value of Accumulated Benefits
Supplemental Plan (Excess)	$11,446,635	2023	Present Value of Accumulated Benefits
Supplemental Plan (SERP)	$11,120,961	2023	Present Value of Accumulated Benefits
All Other Compensation	$79,708	2023	Other fixed compensation

Performance Compensation

Data from FY 2023

Annual Incentive Compensation

Metric	Value	Notes
Grant Date	Feb 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

Metric	Value	Notes
Grant Date	Feb 1, 2023	Date when performance shares were granted
Target Shares	70,177 shares	Shares granted at target performance
Maximum Shares	140,354 shares	200% of the target
Grant Date Fair Value	$8,018,396	Total fair value of the granted performance shares
Performance Metrics	3-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 Schedule	3-Year Performance Period (2023-2025)	Vesting contingent on meeting performance criteria over the evaluation period
Realized Shares	19,412 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.