People: Northeast Utilities (NU)

Summary

Name	Age	Since	Current Position
Charles Shivery	67	2012	Non-Executive Chairman of the Board of Trustee
Thomas May		2012	President, Chief Executive Officer, Trustee
James Judge	57	2012	Chief Financial Officer, Executive Vice President
Leon Olivier	64	2008	Chief Operating Officer, Executive Vice President
David McHale	52	2012	Executive Vice President, Chief Administrative Officer
Gregory Butler	55	2012	Senior Vice President, General Counsel, Secretary
Jay Buth	43	2012	Chief Accounting Officer, Vice President, Controller
Christine Carmody	50	2012	Senior Vice President - Human Resources of NUSCO and NSTAR Electric & Gas
Joseph Nolan	49	2012	Senior Vice President - Corporate Relations of NUSCO and NSTAR Electric & Gas
Sanford Cloud	68	2012	Lead Independent Trustee
Richard Booth	66	2001	Independent Trustee
John Clarkeson	70	2008	Independent Trustee
Cotton Cleveland	60	1992	Independent Trustee
James DiStasio	65	2012	Independent Trustee
Francis Doyle	64	2012	Independent Trustee
Charles Gifford	70	2012	Independent Trustee
Paul La Camera	70	2012	Independent Trustee
Kenneth Leibler	64	2006	Independent Trustee
William Van Faasen	64	2012	Independent Trustee
Frederica Williams	54	2012	Independent Trustee
Dennis Wraase	69	2010	Independent Trustee
Barbara Nieman			IR Contact Officer

» Insider Trading

Biographies

Name	Description
Charles Shivery	Mr. Charles W. Shivery will no longer serves as Non-Executive Chairman of the Board of Trustee of Northeast Utilities, since April 10, 2012. Previously, Mr. Shivery served as the Chairman, President and Chief Executive Officer of Northeast Utilities from March 29, 2004 until the closing of the NSTAR merger. He served as interim President of Northeast Utilities beginning in January 2004. Mr. Shivery served as Chairman and a director of The Connecticut Light and Power Company, Public Service Company of New Hampshire, Western Massachusetts Electric Company and Yankee Gas Services Company from January 19, 2007 until the closing of the NSTAR merger. In 2002, Mr. Shivery retired from Constellation Energy Group, Inc., parent company of Baltimore Gas and Electric Company and other energy related businesses, having held numerous senior management positions at Constellation. Mr. Shivery is a director of Webster Financial Corporation, Energy Insurance Mutual Limited, the Connecticut Business & Industry Association, Association of Edison Illuminating Companies, Connecticut Children’s Medical Center, The Bushnell, the Edison Electric Institute, the MetroHartford Alliance, Inc. and the University of Connecticut Health Center. He is the Chairman of the Connecticut Science Center. Mr. Shivery received B.A. and B.S. degrees from The Johns Hopkins University and an M.B.A. from the University of Baltimore.
Thomas May	Mr. Thomas J. May is President, Chief Executive Officer, Trustee of Northeast Utilities, since April 10, 2012. Mr. May has served as President and Chief Executive Officer and a Trustee of Northeast Utilities since the closing of the NSTAR merger in April 2012. He has also served as the Chairman and a director of each of The Connecticut Light and Power Company, NSTAR Electric Company, NSTAR Gas Company, Public Service Company of New Hampshire, Western Massachusetts Electric Company and Yankee Gas Services Company since the closing of the merger. Previously, Mr. May served as Chairman, President and Chief Executive Officer and a trustee of NSTAR until the closing of the merger. He served as Chairman, Chief Executive Officer and a trustee from the creation of NSTAR in 1999, and was elected President in 2002. Mr. May has served as a director of Bank of America Corporation since 2004 and a director of Liberty Mutual Holding Company, Inc. since 2002. He is Chair of the Board of Trustees of Stonehill College, is a member of the Executive Committee of the Board of Directors of the Boston Chamber of Commerce, is a member of the Board of Trustees of Dana Farber Cancer Institute and is a board member of the John F. Kennedy Library Foundation. Mr. May received a bachelor’s degree in business administration from Stonehill College and a M.S. in Finance from Bentley College. He is also a graduate of the Harvard Business School’s Advanced Management Program.
James Judge	Mr. James J. Judge is Chief Financial Officer, Executive Vice President of Northeast Utilities. Mr. Judge was elected a Director of CL&P, PSNH, WMECO, Yankee Gas and NUSCO upon completion of the Merger. He has served as a Director of NSTAR Electric, NSTAR Gas and NSTAR Electric & Gas since September 27, 1999. Previously, Mr. Judge served as Senior Vice President and Chief Financial Officer of NSTAR, NSTAR Electric, NSTAR Gas and NSTAR Electric & Gas from 1999 until April 2012. Mr. Judge became Treasurer and a Director of Northeast Utilities Foundation, Inc. effective upon completion of the Merger. He has served as a Trustee of the NSTAR Foundation since December 12, 1995.
Leon Olivier	Mr. Leon J. Olivier is Chief Operating Officer, Executive Vice President of Northeast Utilities, since May 13, 2008. He became Chief Executive Officer of NSTAR Electric and NSTAR Gas upon completion of the Merger. Mr. Olivier has served as Chief Executive Officer of CL&P, PSNH, WMECO and Yankee Gas since January 15, 2007. Mr. Olivier was elected a Director of NSTAR Electric, NSTAR Gas and NSTAR Electric & Gas effective November 27, 2012, of PSNH, WMECO and Yankee Gas effective January 17, 2005, and of CL&P effective September 10, 2001. Previously, Mr. Olivier served as Executive Vice President-Operations of NU from February 13, 2007 to May 12, 2008. Mr. Olivier became a Trustee of the NSTAR Foundation upon completion of the Merger. He has served as a Director of Northeast Utilities Foundation, Inc. since April 1, 2006.
David McHale	Mr. David R. McHale is Executive Vice President, Chief Administrative Officer of Northeast Utilities. Mr. McHale became Executive Vice President and Chief Administrative Officer of NU, CL&P, NSTAR Electric, NSTAR Gas, PSNH, WMECO, Yankee Gas, NUSCO and NSTAR Electric & Gas upon completion of the Merger. Mr. McHale has served as a Director of NSTAR Electric, NSTAR Gas and NSTAR Electric & Gas since November 27, 2012, of PSNH, WMECO, Yankee Gas and NUSCO since January 1, 2005, and of CL&P since January 15, 2007. Previously, Mr. McHale served as Executive Vice President and Chief Financial Officer of NU, CL&P, PSNH, WMECO, Yankee Gas and NUSCO from January 2009 to April 2012, and Senior Vice President and Chief Financial Officer of NU, CL&P, PSNH, WMECO, Yankee Gas and NUSCO from January 2005 to December 2008. Mr. McHale became a Trustee of the NSTAR Foundation upon completion of the Merger. He has served as a Director of Northeast Utilities Foundation, Inc. since January 1, 2005.
Gregory Butler	Mr. Gregory B. Butler is Senior Vice President, General Counsel, Secretary of Northeast Utilities. He is Senior Vice President and General Counsel of NSTAR Electric, NSTAR Gas and NSTAR Electric & Gas upon completion of the Merger. He has served as Senior Vice President and General Counsel of CL&P, PSNH, WMECO, Yankee Gas and NUSCO since March 9, 2006. Mr. Butler was elected a Director of NSTAR Electric, NSTAR Gas and NSTAR Electric & Gas upon completion of the Merger. He has served as a Director of NUSCO since November 27, 2012, and of CL&P, PSNH, WMECO and Yankee Gas since April 22, 2009. Previously Mr. Butler served as Senior Vice President and General Counsel of NU from December 1, 2005 to April 2012. Mr. Butler became a Trustee of the NSTAR Foundation effective upon completion of the Merger. He has served as a Director of Northeast Utilities Foundation, Inc. since December 1, 2002.
Jay Buth	Mr. Jay S. Buth is Chief Accounting Officer, Vice President, Controller of Northeast Utilities. Mr. Buth was Vice President-Accounting and Controller of NU, CL&P, PSNH, WMECO, Yankee Gas and NUSCO from June 2009 through the completion of the Merger. From June 2006 through January 2009, Mr. Buth was the Vice President and Controller for New Jersey Resources Corporation, an energy services holding company that provides natural gas and wholesale energy services, including transportation, distribution and asset management.
Christine Carmody	Ms. Christine M. Carmody is Senior Vice President - Human Resources of NUSCO and NSTAR Electric & Gas, subsidiary of Northeast Utilities. She became Senior Vice President-Human Resources of CL&P, PSNH, WMECO and Yankee Gas effective November 27, 2012. She has served as Senior Vice President-Human Resources of NSTAR Electric, NSTAR Gas and NSTAR Electric & Gas since August 1, 2008. Ms. Carmody was elected a Director of CL&P, PSNH, WMECO and Yankee Gas upon completion of the Merger, and of NSTAR Electric, NSTAR Gas, NUSCO and NSTAR Electric & Gas effective November 27, 2012. Previously, Ms. Carmody served as Vice President-Organizational Effectiveness of NSTAR, NSTAR Electric, NSTAR Gas and NSTAR Electric & Gas from June 2006 to August 2008. Ms. Carmody became a Director of Northeast Utilities Foundation, Inc. effective upon completion of the Merger. She has served as a Trustee of the NSTAR Foundation since August 1, 2008.
Joseph Nolan	Mr. Joseph R. Nolan Jr., is Senior Vice President - Corporate Relations of NUSCO and NSTAR Electric & Gas, subsidiary of Northeast Utilities. He became Senior Vice President-Corporate Relations of CL&P, PSNH, WMECO and Yankee Gas effective November 27, 2012. Mr. Nolan was elected a Director of CL&P, PSNH, WMECO and Yankee Gas upon completion of the Merger, and of NSTAR Electric, NSTAR Gas, NUSCO and NSTAR Electric & Gas effective November 27, 2012. Previously, Mr. Nolan served as Senior Vice President-Customer & Corporate Relations of NSTAR, NSTAR Electric, NSTAR Gas and NSTAR Electric and Gas from 2006 until the closing of the Merger. Mr. Nolan became a Director of Northeast Utilities Foundation, Inc. upon completion of the Merger. He has served as a Trustee of the NSTAR Foundation since October 1, 2000.
Sanford Cloud	Mr. Sanford Cloud Jr., Esq., is Lead Independent Trustee of Northeast Utilities, since April 10, 2012. Mr. Cloud has been Chairman and Chief Executive Officer of The Cloud Company, LLC, a real estate development and business investment firm, since 2005. Mr. Cloud served as past President and Chief Executive Officer of the National Conference for Community and Justice from 1994 to 2004, was a former partner at the law firm of Robinson and Cole from 1993 to 1994, and served for two terms as a state senator of Connecticut. Mr. Cloud has served as a director of The Phoenix Companies, Inc. since 2001 and is currently a director of Ironwood Mezzanine Fund, L.P. He is also a director of the MetroHartford Alliance, Inc., and Chairman of The Connecticut Health Foundation and the University of Connecticut Health Center. Mr. Cloud received a B.A. from Howard University, a J.D. cum laude from the Howard University Law School, and an M.A. in Religious Studies from the Hartford Seminary.
Richard Booth	Mr. Richard H. Booth is an Independent Trustee of Northeast Utilities., since 2001. Since July 2009, Mr. Booth has served as Vice Chairman of Guy Carpenter & Company, LLC, a global reinsurance intermediary and wholly owned subsidiary of Marsh & McLennan Companies, Inc. From June 2008 to March 2009, Mr. Booth served as a corporate officer, and from October 2008 to March 2009, as Vice Chairman, Transition Planning and Chief Administrative Officer, of American International Group, Inc., an insurance and financial services company. From January 2000 to March 2009, he served as Chairman and a director, and from January 2000 to July 2007, as President and Chief Executive Officer, of HSB Group, Inc., a specialty insurer and reinsurer. From January 2000 to March 2009, he served as Chairman and a director, and from January 2000 to July 2007, as Chief Executive Officer, of Hartford Steam Boiler Inspection and Insurance Company, a provider of insurance and engineering services and investments. Mr. Booth is currently a member of the boards of Sun Life Financial Inc., WorldBusiness Capital LLC, PatientMatters, LLC, the Florence Griswold Museum (Emeritus) and the National Association of Corporate Directors, Connecticut Chapter. He is a senior adviser to Century Capital Management. He is a former member of the Financial Accounting Standards Advisory Council and its Steering Committee. Mr. Booth received B.S. and M.S. degrees from the University of Hartford.
John Clarkeson	Mr. John S. Clarkeson is an Independent Trustee of Northeast Utilities., since 2008. Mr. Clarkeson has served as the Chairman Emeritus of The Boston Consulting Group, Inc. since 2007. Previously, Mr. Clarkeson served as Co-Chairman of the Board of The Boston Consulting Group, Inc. from 2004 to 2007. He is a director of the Cabot Corporation, a director of the National Bureau of Economic Research, a former trustee of the Educational Testing Service, a trustee emeritus of the Massachusetts General Physicians Organization, Inc., and a member of the INSEAD Advisory Council. Mr. Clarkeson received an A.B. degree magna cum laude from Harvard College, where he was a Harvard National Scholar, and an M.B.A. from Harvard Business School.
Cotton Cleveland	Ms. Cotton M. Cleveland is an Independent Trustee of Northeast Utilities, since 1992. Ms. Cleveland has been President of Mather Associates, a firm specializing in leadership and organizational development for business, public and nonprofit organizations, since 1981. She is a director of The National Grange Mutual Insurance Company and Ledyard National Bank, and was the founding Executive Director of the state-wide Leadership New Hampshire program. She was elected and served as the Moderator of the Town of New London, New Hampshire and the New London/Springfield Water Precinct from 2000 to 2010. Ms. Cleveland has also served as Chair, Vice Chair and member of the Board of Trustees of the University System of New Hampshire, as Co-Chair of the Governor’s Commission on New Hampshire in the 21st Century, and as an incorporator for the New Hampshire Charitable Foundation. Ms. Cleveland received a B.S. magna cum laude from the University of New Hampshire, Whittemore School of Business and Economics. She is a certified and practicing Court Appointed Special Advocate for abused and neglected children.
James DiStasio	Mr. James S. DiStasio is Independent Trustee of Northeast Utilities, since April 10, 2012. Mr. DiStasio served as Senior Vice Chairman and Americas Chief Operating Officer at Ernst & Young, a registered public accounting firm, from 2003 until his retirement in 2007. Mr. DiStasio joined Ernst & Young in 1969 and became a partner in 1977. He has served as a director of EMC Corporation since 2010. He served as a trustee of NSTAR from 2009 until the closing of the NSTAR merger. He previously served as a director of the United Way of Massachusetts Bay and Merrimack Valley and as a trustee of each of Catholic Charities of Boston, the Boston Public Library Foundation and the Wang Center for the Performing Arts. Mr. DiStasio received a bachelor’s degree in Accounting from the University of Illinois at Chicago.
Francis Doyle	Mr. Francis A. Doyle III., is Independent Trustee of Northeast Utilities, since April 10, 2012. Since 2001, Mr. Doyle has served as President and Chief Executive Officer of Connell Limited Partnership, whose businesses produce metal components and related supplies for the automotive, power, mining, appliance, office and farm equipment industries. From 1972 to 2001, he was Vice Chairman of PricewaterhouseCoopers LLP, where he was Global Technology and E-Business Leader and a member of the firm’s Global. Mr. Doyle became a Trustee at the closing of the NSTAR merger. He has served as a director and Chairman of the audit committee and a member of the executive committee of each of Tempur-Pedic International, Inc. and Liberty Mutual Holding Company, Inc. since 2003. In the past five years, Mr. Doyle has served as a director of Citizens Financial Group, where he was a member of the executive committee and chaired the compensation committee, as a trustee of the Joslin Diabetes Center, where he chaired the finance committee, and as a trustee of Boston College. Mr. Doyle is a certified public accountant and holds a B.S. degree and an M.B.A. degree from Boston College.
Charles Gifford	Mr. Charles K. Gifford is Independent Trustee of Northeast Utilities, since April 10, 2012. Mr. Gifford has served as the Chairman Emeritus of Bank of America Corporation, a bank holding company, since his retirement as Chairman in 2005. He is also a Director of Bank of America. He has served as a director of CBS Corporation since 2006. From 2007 through 2012, Mr. Gifford served as a director of NYSE Group Trust I, established as part of the creation of NYSE Euronext and charged with remedying certain and unforeseen effects in the application of U.S. or European regulation and legislation on markets operated by NYSE Euronext subsidiaries. He served as a trustee of NSTAR from 1999 until the closing of the NSTAR Merger. He is the chairman of the Boston Plan for Excellence in the Public Schools and was the founding chairman of the United Way of Massachusetts Bay’s “Success By 6” initiative. He is a trustee of Northeastern University, the Red Sox Foundation, and serves on the boards of several nonprofit organizations, including the Massachusetts General Hospital and Partners HealthCare System, Inc. He is an honorary director of the Greater Boston Chamber of Commerce. Mr. Gifford received a B.A. from Princeton University.
Paul La Camera	Mr. Paul A. La Camera is Independent Trustee of Northeast Utilities, since April 10, 2012. Mr. La Camera has served as the Administrator of Public Radio for WBUR, the National Public Radio news station in Boston since 2011. Previously, Mr. La Camera served as General Manager of WBUR from 2005 until 2010 and as the President and General Manager of WCVB-TV Channel 5 Boston from 1993 to 2005. He served as a trustee of NSTAR from 1999 until the closing of the NSTAR merger. Mr. La Camera is a director of Blitz Media, Inc. He serves on the board of the Boston Foundation and as a trustee of the Boston Public Library. Mr. La Camera is a graduate of the College of Holy Cross, where he served as a trustee for eight years. He received Masters Degrees in Journalism and Urban Studies from Boston University and an M.B.A. from Boston College.
Kenneth Leibler	Mr. Kenneth R. Leibler is Independent Trustee of Northeast Utilities, since November 1, 2006. Mr. Leibler has served as a trustee of The Putnam Mutual Funds since 2006 and the Chair of the Audit and Compliance Committee since 2012. He has served as a Trustee of Beth Israel Deaconess Medical Center since 2006, and Vice Chairman of Beth Israel Medical Center from 2009 to 2012. He is also a Director of Beth Israel Deaconess Care Organization, an accountable care group jointly owned by Beth Israel Deaconess Medical Center and its affiliated physicians network. He is a founding partner of the Boston Options Exchange and served as its Chairman from 2004 to February 2007. He is a past Vice Chairman of the Board of Directors of ISO New England, Inc., the independent operator of New England’s bulk electric transmission system, where he served until 2006. He also served as a director of The Ruder Finn Group from 2005 to 2010. Mr. Leibler received a B.A. magna cum laude from Syracuse University.
William Van Faasen	Mr. William C. Van Faasen is Independent Trustee of Northeast Utilities, since April 10, 2012. Mr. Van Faasen served as Chief Executive Officer of Blue Cross Blue Shield of Massachusetts, Inc. (BCBSMA), a health care services provider, from 1992 until his retirement in 2007. He is currently Chairman of BCBSMA and also served as interim Chief Executive Officer in 2010. He has served as a director of Liberty Mutual Holding Company, Inc. since 2002 and as Lead Director since April 2012. He served as a director of IMS Health, Inc. from 1996 to 2010 and as Lead Director from 2006 to 2010. He also served as a director of PolyMedica Corporation from 2005 to 2008. Mr. Van Faasen served as a trustee of NSTAR from 2002 until the completion of the NSTAR merger. He is an honorary director of the Greater Boston Chamber of Commerce and previously served as a director of the United Way of Massachusetts Bay and Merrimack Valley. Mr. Van Faasen received a B.A. from Hope College and an M.B.A. from Michigan State University.
Frederica Williams	Ms. Frederica M. Williams is Independent Trustee of Northeast Utilities, since April 10, 2012. Ms. Williams has served as the President and Chief Executive Officer of Whittier Street Health Center in Boston, an urban community health care facility serving residents of Boston and surrounding communities, since 2002. Prior to joining Whittier, she served as the Senior Vice President of Administration and Finance and Chief Financial Officer of the Dimock Center, a health care and human services facility in Boston. She was elected as a trustee of NSTAR in March 2012 and served as a trustee until the completion of the NSTAR merger. Ms. Williams is a member of the Board of Trustees of Dana Farber Cancer Institute, the Massachusetts League of Community Health Centers and Boston Health Net. Ms. Williams attended the London School of Accountancy, passed the examinations of the Institute of Chartered Secretaries and Financial Administrators, (United Kingdom) (ICSA) and of the Institute of Administrative Management (United Kingdom), with distinction, and was elected a Fellow of the ICSA in 2000. She obtained a graduate certificate in Administration and Management from the Harvard University Extension School and an M.B.A. with a concentration in Finance from Anna Maria College in Paxton, Massachusetts.
Dennis Wraase	Mr. Dennis R. Wraase is Independent Trustee of Northeast Utilities, since March 1, 2010. Mr. Wraase served as Chairman of the Board, Chief Executive Officer and a director of Pepco Holdings, Inc. (PHI) until his retirement in June 2009. PHI is an energy delivery company in the mid Atlantic region. He was elected Chairman of PHI in 2004, became Chief Executive Officer in 2003 and served as a director since 1998. He previously served as the President of PHI from 2001 to 2008 and Chief Operating Officer from 2002 to 2003. He is a member of the Financial Executives Institute and the American Institute of Certified Public Accountants. Mr. Wraase currently serves as the Executive-In-Residence at the Center for Social Value Creation at the Robert H. Smith School of Business, University of Maryland. He is also currently a director and Vice Chairman of the University of Maryland System Foundation. Mr. Wraase previously served as a director of the Edison Electric Institute, The Association of Edison Illuminating Companies and the Institute for Electric Efficiency, and as the President of the Southeastern Electric Exchange. Mr. Wraase received a B.S. in Accounting from the University of Maryland and an M.S. in business Financial Management from The George Washington University.
Barbara Nieman

Basic Compensation

Name	Fiscal Year Total
Charles Shivery	6,281,790
Thomas May	4,242,630
James Judge	2,145,820
Leon Olivier	3,350,960
David McHale	3,482,630
Gregory Butler	2,590,900
Jay Buth	--
Christine Carmody	--
Joseph Nolan	--
Sanford Cloud	--
Richard Booth	--
John Clarkeson	--
Cotton Cleveland	--
James DiStasio	--
Francis Doyle	--
Charles Gifford	--
Paul La Camera	--
Kenneth Leibler	--
William Van Faasen	--
Frederica Williams	--
Dennis Wraase	--
Barbara Nieman	--

As Of 30 Dec 2012

Options Compensation

Name	Options	Value
Charles Shivery	67,723	530,762
Thomas May	524,800	9,990,610
James Judge	179,744	2,332,850
Leon Olivier	39,800	272,109
David McHale	26,001	72,480
Gregory Butler	64,000	302,744
Jay Buth	0	0
Christine Carmody	0	0
Joseph Nolan	0	0
Sanford Cloud	0	0
Richard Booth	0	0
John Clarkeson	0	0
Cotton Cleveland	0	0
James DiStasio	0	0
Francis Doyle	0	0
Charles Gifford	0	0
Paul La Camera	0	0
Kenneth Leibler	0	0
William Van Faasen	0	0
Frederica Williams	0	0
Dennis Wraase	0	0
Barbara Nieman	0	0

Insider Trading

Name	Shares Traded	Price
MAY THOMAS J	186,014	$42.73
MAY THOMAS J	76,386	$42.32
MAY THOMAS J	262,400	$21.14
CARMODY CHRISTINE M	6,560	$24.74
CARMODY CHRISTINE M	16,060	$42.58
CARMODY CHRISTINE M	9,500	$25.93
MAY THOMAS J	100,000	$42.12
BUTLER GREGORY B	9,800	$41.43
MCHALE DAVID R	13,239	$41.43
OLIVIER LEON J	13,943	$41.43
BUTH JAY S	1,723	$41.43
MAY THOMAS J	52,000	$0.00
CARMODY CHRISTINE M	4,500	$0.00
JUDGE JAMES J	13,100	$0.00
NOLAN JOSEPH R JR	5,100	$0.00
MCHALE DAVID R	13,100	$0.00
BUTLER GREGORY B	9,100	$0.00
OLIVIER LEON J	13,800	$0.00
BUTH JAY S	2,300	$0.00
SHIVERY CHARLES W	55	$0.00
SHIVERY CHARLES W	55	$41.18
MAY THOMAS J	29,268	$40.25
NOLAN JOSEPH R JR	2,437	$40.25
JUDGE JAMES J	5,230	$40.25
CARMODY CHRISTINE M	2,098	$40.25

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People: Northeast Utilities (NU)

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Summary

Biographies

Basic Compensation

Options Compensation

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