Printer Friendly

PENNSYLVANIA POWER & LIGHT'S CHARLES E. RUSSOLI TO END 38-YEAR CAREER DEC. 31; RONALD E. HILL TO BECOME SENIOR VICE PRESIDENT-FINANCIAL

 ALLENTOWN, Pa., Oct. 28 /PRNewswire/ -- Charles E. Russoli, 59, Pennsylvania Power & Light Co.'s (NYSE: PPL) executive vice president and chief financial officer, will end a 38-year career with PP&L when he retires Dec. 31, 1993, as an employee and as a member of the company's board of directors.
 Ronald E. Hill, 51, vice president and comptroller, will succeed Russoli as head of the Financial Department on Jan. 1, 1994, when he will become senior vice president-Financial. He will also become a member of the company's Corporate Management Committee at that time.
 Russoli began his PP&L career in 1955 as a graduate trainee. After serving in the U.S. Army from 1956 to 1958, he returned to PP&L and held various data processing positions until his promotion to financial analyst in 1965.
 He was named manager-Budgets in 1969, manager-Financial Planning and Reporting in 1971, vice president-Finance in 1979 and vice president and treasurer in 1981. He was named senior vice president-Financial and became a member of PP&L's Corporate Management Committee in 1984.
 Russoli became an executive vice president and was elected to the company's board of directors in 1986, and became executive vice president and chief financial officer in 1989.
 Hill joined PP&L in 1964 as a graduate trainee, and after a two-year military leave, returned as a systems analyst in Division Operations. He advanced to supervisor-Financial Reporting in 1974, assistant manager-Financial Planning and Reporting in 1978, manager-Financial Reporting in 1979 and assistant comptroller in 1986. He was named vice president and comptroller in 1987.
 A native of Pittsburgh, Hill received a bachelor of science degree in industrial management from Carnegie Mellon University and was awarded a master's degree in business administration from Lehigh University.
 PP&L supplies electricity to a 10,000 square-mile area of 29 counties in central eastern Pennsylvania. Among the communities it serves are Allentown, Bethlehem, Harrisburg, Hazleton, Lancaster, Scranton, Wilkes-Barre and Williamsport.
 /delval/
 -0- 10/28/93
 /CONTACT: James Marsh of Pennsylvania Power & Light, 717-759-5241/
 (PPL)


CO: Pennsylvania Power & Light Co. ST: Pennsylvania IN: UTI SU: PER

LJ -- PH016 -- 7819 10/28/93 10:57 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 28, 1993
Words:356
Previous Article:ROLLINS ENVIRONMENTAL SERVICES, INC. REPORTS RESULTS FOR THE FOURTH QUARTER AND THE FISCAL YEAR ENDED SEPT. 30, 1993
Next Article:ELDEC ANNOUNCES SECOND QUARTER RESULTS
Topics:

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters