PJM Interconnection CEO Manu Asthana Announces Resignation and Transition Plans
PJM Interconnection, a key player in managing the electricity grid serving over 67 million people across parts of the United States, has announced the upcoming resignation of its President and CEO, Manu Asthana. Asthana's departure is set to take place at the end of 2025, a decision that has been characterized as both strategic and personal as he plans to relocate to Texas to be closer to family. Asthana has played a pivotal role in navigating the organization through a period of immense change and challenges, particularly during the COVID-19 pandemic. His leadership has been marked by significant market reforms, enhancements to the interconnection process, and a robust risk management framework that ensured the reliability of the electricity grid amid extreme weather events.
The PJM Board, acknowledging Asthana's strong leadership, emphasized the importance of his contributions that have positioned the organization well for the future. Mark Takahashi, the PJM Board Chair, remarked on Asthana's advocacy for grid reliability, stating, ‘He has been a vocal advocate for grid reliability needs, helping shape the national conversation around the importance of finding ways to reliably serve rapidly expanding demand for electricity.’
The transition strategy involves the formation of a CEO Search Committee, which will probe both internal and external candidates for the role. Korn Ferry, a global executive search firm, has been engaged to assist in this process, ensuring that stakeholder input from PJM members and other involved parties will be considered. The current executive team is noted to include strong internal succession candidates, indicating a proactive approach to leadership continuity.
Reflecting on his tenure, Asthana stated, ‘My five-plus years at the helm of PJM have been some of the most fulfilling of my career.’ He expressed gratitude for the dedicated team at PJM and their commitment to maintaining power for millions across diverse states including Delaware, Illinois, Indiana, and more. The PJM Interconnection, founded in 1927, has a well-established track record in electricity market management and grid reliability, generating substantial annual savings for consumers. As PJM gears up for this leadership shift, it remains a critical asset in the ever-evolving electricity sector. The organization has plans for a smooth transition, promoting stability and continued progress in meeting the electrical demands of its vast service area.
The PJM Board, acknowledging Asthana's strong leadership, emphasized the importance of his contributions that have positioned the organization well for the future. Mark Takahashi, the PJM Board Chair, remarked on Asthana's advocacy for grid reliability, stating, ‘He has been a vocal advocate for grid reliability needs, helping shape the national conversation around the importance of finding ways to reliably serve rapidly expanding demand for electricity.’
The transition strategy involves the formation of a CEO Search Committee, which will probe both internal and external candidates for the role. Korn Ferry, a global executive search firm, has been engaged to assist in this process, ensuring that stakeholder input from PJM members and other involved parties will be considered. The current executive team is noted to include strong internal succession candidates, indicating a proactive approach to leadership continuity.
Reflecting on his tenure, Asthana stated, ‘My five-plus years at the helm of PJM have been some of the most fulfilling of my career.’ He expressed gratitude for the dedicated team at PJM and their commitment to maintaining power for millions across diverse states including Delaware, Illinois, Indiana, and more. The PJM Interconnection, founded in 1927, has a well-established track record in electricity market management and grid reliability, generating substantial annual savings for consumers. As PJM gears up for this leadership shift, it remains a critical asset in the ever-evolving electricity sector. The organization has plans for a smooth transition, promoting stability and continued progress in meeting the electrical demands of its vast service area.
Topics Policy & Public Interest）
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