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 HARTFORD, Conn., June 29 /PRNewswire/ -- As part of a management succession plan first announced in January 1992, Bernard M. Fox, president and chief operating officer of Northeast Utilities (NYSE: NU) (NU), will assume the role of chief executive officer, effective July 1.
 William B. Ellis, chairman and current CEO, will continue in an active role as chairman of the board until Aug. 1, 1995, when he plans to retire.
 NU is New England's largest electric utility system and serves approximately 1.6 million customers in Connecticut, Massachusetts and New Hampshire. A committee of outside board members developed the management succession plan, which includes contractual agreements with Ellis and Fox.
 Ellis stated:
 "I am proud of what NU has accomplished, and I feel confident that
 Bernie Fox will lead the company to even greater successes. He is a
 talented, dynamic leader and eminently qualified to guide NU toward
 the goal of satisfying our residential and business customers' needs
 for safe, competitive and reliable service."
 Fox, 50, assumed his current position in 1990. A New York native, he was graduated from Manhattan College in 1963 with a bachelor of science degree in electrical engineering. He earned a master's degree in electrical engineering in 1964 from Rensselaer Polytechnic Institute. He also has completed a special program of study in auditing, legal affairs and financing activities and is a graduate of the Harvard Graduate School of Business Program for Management Development.
 He began his utility career in 1964 at The Hartford Electric Light Company, which later became an NU subsidiary. After numerous promotions, he was elected to the post of vice president and chief financial officer in 1983.
 In 1986, Fox was elected executive vice president and chief operating and financial officer. He became president and chief operating and financial officer in 1987, taking on responsibility for all activities in the areas of finance, customer service, human resources, engineering and operations.
 Fox stated:
 "Over the next several years, NU will face unprecedented competitive
 and economic challenges, compounded by the worst recession in New
 England in modern history. Bill Ellis' leadership has focused on
 preparing NU for this competitive environment. He has set the
 framework for this company to be at the forefront in a recovering
 regional economy by forging partnerships with governmental agencies,
 educational institutions, customers and businesses struggling
 through this recession."
 For the next two years, Ellis will focus on stimulating economic recovery in NU's service territory (Connecticut, Massachusetts and New Hampshire) and enhancing the company's impact on industry and national energy issues. In addition, he will head a team of NU executives in developing strategies to maintain NU's competitive edge.
 Ellis, 52, is a native of Mississippi. He joined NU in 1976 as vice president of Finance, Accounting and Information Systems and became president in 1978. In 1980, he was named chief operating officer. Before joining the company, Ellis was a partner in the management firm of McKinsey & Co., where he was the principal-in-charge of the firm's utility practice. Ellis was graduated from Carnegie-Mellon University in 1972 with a bachelor of science degree in chemical engineering. He also earned a doctor of philosophy degree from the University of Maryland and completed a special program in corporate finance, accounting and business policy conducted by faculty members from the Harvard Graduate School of Business.
 He succeeded Lelan F. Sillin Jr., who retired in 1983. Since then, he has led the company through many successful ventures, including the acquisition of Public Service Company of New Hampshire in 1992, which made NU one of the country's 20 largest electric utilities.
 -0- 6/29/93
 /CONTACT: Emmanuel S. Forde, 203-665-5186 (office), 203-828-1071 (home), or Myra Ahern, 203-665-3366 (office), 203-633-1608 (home), both of Northeast Utilities/

CO: Northeast Utilities ST: Connecticut IN: UTI SU: PER

DJ -- NE005 -- 6625 06/29/93 10:32 EDT
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Publication:PR Newswire
Date:Jun 29, 1993

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