Eversource Appoints New Chief Financial Officer and Treasurer

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HARTFORD, Conn. & BOSTON--(BUSINESS WIRE)--

Eversource Energy ES announced today that Phil Lembo, vice president and treasurer, will succeed Jim Judge as senior vice president, chief financial officer and treasurer as part of the company's leadership succession plan. This move is effective immediately and follows a recently announced leadership change of Jim Judge's election to president and chief executive officer following Tom May's retirement.

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Phil Lembo (Photo: Business Wire)

Lembo had been vice president and treasurer for Eversource since 2012 upon the merger between Northeast Utilities and NSTAR. Formerly, Lembo served as vice president and treasurer for NSTAR since 2009. Throughout his 33-year career with the company, Lembo has had extensive leadership responsibility throughout finance and accounting including corporate finance, investor relations, investment management, internal audit, budgeting, and enterprise risk management. Lembo holds a master's degree in business administration from Boston University and a bachelor's degree in business from Salem State University. He currently serves on the boards of the Northeast Gas Association and New England Disabled Sports.

"I've known and worked with Phil for three decades and he has been a key leader in the financial organization during that time," said Judge. "I have every confidence in his ability to successfully lead Eversource's financial team into the future. His extensive knowledge of our industry, breadth of experience within the finance and accounting organization, and strong leadership skills make him the ideal person to assume the company's top financial role going forward."

"I am honored to assume leadership of Eversource's financial organization and am pleased to work with such strong management and dedicated employees," said Lembo. "I look forward to continuing the solid working relationship with the broader Eversource leadership team, financial community and our key external partners as we strive to continuously improve the customer experience and bring positive results to shareholders."

Lembo lives in Melrose, MA with his wife Susan. He has two children and one granddaughter.

Eversource ES transmits and delivers electricity and natural gas for more than 3.6 million electric and natural gas customers in Connecticut, Massachusetts and New Hampshire. Recognized as the top-ranked "green" utility in the U.S. by Newsweek magazine, Eversource harnesses the commitment of its approximately 8,000 employees across three states to build a single, united company around the mission of delivering reliable energy and superior customer service. For more information, please visit our website (www.eversource.com) and follow us on Twitter (@EversourceCorp) and Facebook (facebook.com/EversourceEnergy).

Eversource Energy
Caroline Pretyman, 617-424-2460
caroline.pretyman@eversource.com
or
Al Lara, 860-665-2344
al.lara@eversource.com
or
Investor Relations:
Jeff Kotkin, 860-665-5154
jeffrey.kotkin@eversource.com

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Posted In: Press Releases
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