Dive Brief:
- James Laurito has been tapped as the next CEO of Central Hudson Gas & Electric Corp. He will succeed Steven Lant, effective November 1.
- Laurito currently serves as company president and will continue on in that role.
- Lant will retire October 31 after 34 years with the utility. He has served as CEO of Central Hudson and its parent company, CH Energy Group Inc., since July 2003.
Dive Insight:
Central Hudson has a very interesting $46 million rate case pending before state regulators.
“It is an exciting time to be in the utility business, and I know that our employees are ready for the many opportunities that lie ahead,” new CEO James Laurito said. “From investing in the utility infrastructure that is so key to the future of our region to seeking innovative ways to control costs and improve service, our employees remain committed to our customers."
Laurito joined Central Hudson in 2009; before that, he was president of New York State Electric & Gas and Rochester Gas & Electric Corporation.
Exiting CEO Lant believes it is the right time for a transition. “With all of the commitments related to our successful merger with Fortis having been met, and the winding down of our unregulated businesses nearly complete, I feel that this is the right time for me to retire,” he said.
