Con Edison Welcomes Brendan Cavanagh to Its Board of Directors Starting October 2025
In an important development for Consolidated Edison, Inc. (Con Edison), the company has officially elected Brendan Cavanagh to its Board of Directors, with the appointment set to take effect on October 1, 2025. Cavanagh, currently serving as the President and CEO of SBA Communications Corporation, brings a wealth of experience and financial acumen to this esteemed position.
Background on Brendan Cavanagh
Brendan Cavanagh has an impressive background in the telecommunications sector, having been part of SBA Communications for 27 years. His tenure began with the company where he held various key positions, ultimately culminating in his role as Chief Executive Officer since January 2024. Under his leadership, SBA Communications has expanded significantly, managing an extensive portfolio of wireless infrastructure assets that include towers, distributed antenna systems, and small cells.
Prior to his current CEO position, Cavanagh served as the Chief Financial Officer for 15 years, showcasing his deep-rooted expertise in financial strategy and management. His experience extends to other senior roles within SBA, including that of Vice President and Chief Accounting Officer.
Cavanagh began his professional career with Arthur Andersen, where he gained vital insights into auditing and assurance practices, further enhancing his expertise in finance. He holds a bachelor’s degree in accounting from Wake Forest University and a master's in business administration from Florida Atlantic University, equipping him with the educational foundation to excel in his career.
The Significance for Con Edison
Cavanagh’s appointment is significant for Con Edison, a well-established holding company that specializes in energy-related services. Con Edison operates through a network of subsidiaries that provide various utility services, including electric and gas supply, steam distribution, and energy management. With Cavanagh's extensive background in financial management and strategic growth, he is expected to contribute to the company’s ongoing evolution and service offerings.
Con Edison’s subsidiaries include Consolidated Edison Company of New York, which delivers electric service to New York City and its neighboring areas, as well as Orange and Rockland Utilities, which covers parts of southeastern New York State and northern New Jersey. Through its various ventures, Con Edison has been integral in developing electric transmission projects and managing both gas and electric assets across the region.
As the energy sector continues to face challenges and opportunities related to sustainability and technological advancements, Cavanagh’s experience will be crucial in shaping Con Edison’s future strategic directions.
Looking Ahead
The addition of Brendan Cavanagh to Con Edison’s Board of Directors aligns with the company's commitment to integrating knowledgeable leaders who can steer the organization towards achieving its long-term goals. As industries globally pivot towards innovation and sustainability, Cavanagh is well-positioned to bring fresh perspectives and strategic oversight to one of the oldest and most resilient utility companies in the United States.
In conclusion, Con Edison’s board now stands to benefit from Cavanagh’s remarkable expertise in financial management, his hands-on experience in the telecommunications industry, and his visionary approach to leadership, setting the stage for further advancements in the company’s operational and strategic initiatives.