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 Pennsylvania (pĕnsəlvā`nyə), one of the Middle Atlantic states of the United States. It is bordered by New Jersey, across the Delaware River (E), Delaware (SE), Maryland (S), West Virginia (SW), Ohio (W), and Lake Erie and New York Power & Light Co. ST: Pennsylvania IN: UTI UTI urinary tract infection.
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