NU CEO Hospitalized
BERLIN, Conn. (AP) _ Northeast Utilities says its chief executive officer is recovering following an unspecified heart-related incident and three executives are temporarily running the company.
The Berlin (BURR’-lin)-based utility said in a filing Tuesday with the U.S. Securities and Exchange Commission that Charles W. Shivery (SHY-veh-ree), chairman of the board, president, and CEO, experienced the heart problem Sunday and is expected to be released from a hospital shortly.
NU said he will return to work after his recovery.
Chief Operating Officer Leon Olivier, Chief Financial Officer David McHale and the general counsel, Gregory Butler, will run the company in Shivery’s absence.
NU is the parent company of Connecticut Light & Power, Western Massachusetts Electric Co., Public Service of New Hampshire and Yankee Gas.
A spokesman did not immediately return a call Tuesday morning seeking details.
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