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PPL Restructures Executive Roles, EVP Position Eliminated
Company Announcements

PPL Restructures Executive Roles, EVP Position Eliminated

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PPL ( (PPL) ) has provided an announcement.

On January 13, 2025, PPL Corporation announced an internal restructuring that led to the elimination of the Executive Vice President and Chief Operating Officer position, resulting in Francis X. Sullivan’s separation effective April 4, 2025. Mr. Sullivan will receive severance payments and benefits, subject to certain conditions, and his duties will be reassigned to other officers. His stock grants will vest, and he will be eligible for a pro rata bonus for his work in 2025, marking a significant shift in the company’s executive structure and strategy.

More about PPL

PPL Corporation operates within the energy sector, focusing on electricity generation and delivery. It is a key player in the utility market, serving millions of customers and maintaining a strong presence in energy infrastructure.

YTD Price Performance: -0.62%

Average Trading Volume: 4,373,642

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $23.6B

For a thorough assessment of PPL stock, go to TipRanks’ Stock Analysis page.

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