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Edenor Informs the Market the appointment of Mr. Daniel Marx as Chairman and CEO

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Edenor (BYMA/NYSE: EDN), Argentina's largest electricity distributor, has announced a significant leadership change. Daniel Marx will assume the roles of Chairman, Executive Committee member, and CEO, effective August 31, 2024. This appointment follows the resignation of Neil Bleasdale from his positions as Chairman and CEO due to personal reasons, although he will retain his role as a regular Director. The Board of Directors approved this reorganization to ensure a smooth transition in the company's top management. Edenor's decision reflects a strategic move to bring fresh leadership to the helm of Argentina's premier electricity distribution firm.

Edenor (BYMA/NYSE: EDN), il principale distributore di elettricità in Argentina, ha annunciato un importante cambiamento nella leadership. Daniel Marx assumerà i ruoli di Presidente, membro del Comitato Esecutivo e CEO, a partire dal 31 agosto 2024. Questa nomina segue le dimissioni di Neil Bleasdale dalle posizioni di Presidente e CEO per motivi personali, sebbene manterrà il suo ruolo di Direttore ordinario. Il Consiglio di Amministrazione ha approvato questa riorganizzazione per garantire una transizione fluida nella gestione superiore dell'azienda. La decisione di Edenor riflette una mossa strategica per portare una nuova leadership alla guida della principale società di distribuzione di elettricità dell'Argentina.

Edenor (BYMA/NYSE: EDN), el mayor distribuidor de electricidad de Argentina, ha anunciado un importante cambio de liderazgo. Daniel Marx asumirá los roles de Presidente, miembro del Comité Ejecutivo y CEO, a partir del 31 de agosto de 2024. Este nombramiento sigue a la renuncia de Neil Bleasdale de sus cargos de Presidente y CEO por motivos personales, aunque seguirá ocupando su papel como Director regular. La Junta Directiva aprobó esta reorganización para asegurar una transición suave en la alta dirección de la empresa. La decisión de Edenor refleja un movimiento estratégico para llevar un nuevo liderazgo a la cabeza de la principal empresa de distribución de electricidad de Argentina.

Edenor (BYMA/NYSE: EDN), 아르헨티나 최대 전기 배급사가 중요한 리더십 변화를 발표했습니다. 다니엘 마르크스의장, 집행 위원회 위원 및 CEO 역할을 맡게 되며, 이는 2024년 8월 31일부터 시행됩니다. 이 임명은 개인적인 사유로 의장과 CEO 자리에서 사임한 닐 블리스데일의 뒤를 이어 이루어졌으며, 그는 일반 이사로서의 역할을 유지합니다. 이사회는 회사의 최고 경영진에서 원활한 전환을 보장하기 위해 이번 재편성을 승인했습니다. Edenor의 결정은 아르헨티나 최고의 전기 배급사에 신선한 리더십을 가져오려는 전략적 움직임을 반영합니다.

Edenor (BYMA/NYSE: EDN), le plus grand distributeur d'électricité d'Argentine, a annoncé un changement important de leadership. Daniel Marx assumera les rôles de Président, membre du Comité Exécutif et PDG, à partir du 31 août 2024. Cette nomination fait suite à la démission de Neil Bleasdale de ses fonctions de Président et PDG pour des raisons personnelles, bien qu'il conserve son rôle de Directeur ordinaire. Le Conseil d'Administration a approuvé cette réorganisation pour garantir une transition fluide dans la haute direction de l'entreprise. La décision d'Edenor reflète un mouvement stratégique visant à apporter un nouveau leadership à la tête de la principale entreprise de distribution d'électricité d'Argentine.

Edenor (BYMA/NYSE: EDN), Argentiniens größter Energieversorger, hat einen bedeutenden Führungswechsel angekündigt. Daniel Marx wird ab dem 31. August 2024 die Funktionen Vorsitzender, Mitglied des Exekutivkomitees und CEO übernehmen. Diese Ernennung folgt auf den Rücktritt von Neil Bleasdale von seinen Positionen als Vorsitzender und CEO aus persönlichen Gründen, obwohl er seine Rolle als regulärer Direktor beibehalten wird. Der Vorstand genehmigte diese Umstrukturierung, um einen reibungslosen Übergang in der Unternehmensführung sicherzustellen. Die Entscheidung von Edenor spiegelt einen strategischen Schritt wider, um frische Führung an die Spitze des führenden Energieversorgungsunternehmens in Argentinien zu bringen.

Positive
  • Appointment of experienced leader Daniel Marx as Chairman and CEO
  • Smooth transition plan with changes effective August 31, 2024
  • Retention of Neil Bleasdale as regular Director, maintaining continuity
Negative
  • Unexpected departure of current Chairman and CEO Neil Bleasdale
  • Potential short-term uncertainty during leadership transition

BUENOS AIRES, Aug. 6, 2024 /PRNewswire/ -- Empresa Distribuidora y Comercializadora Norte S.A. ("edenor" or the "Company"; BYMA/NYSE: EDN), the largest electricity distribution company in Argentina, announces to the investor community that the Board of Directors of the Company at its meeting held today accepted the resignation of Mr. Neil Bleasdale (for personal matters) as Chairman of the Board of Directors and CEO of the Company, keeping his position as regular Director.  Therefore, the Board further approved its reorganization and resolved to appoint Mr. Daniel Marx as Chairman, member of the Executive Committee and CEO of EDENOR.

For the purposes of an orderly transition, the referred changes will be effective as of August 31, 2024.

For further information, contact:

Germán Ranftl – Chief Financial Officer
Solange Barthe Dennin– Investor Relations Officer

Edenor Building
Av. Del Libertador 6363
(C1428CABA)
Buenos Aires, Argentina
Phone: +54 (11) 4346 5000
ir.edenor.com/en
investor@edenor.com

Cision View original content:https://www.prnewswire.com/news-releases/edenor-informs-the-market-the-appointment-of-mr-daniel-marx-as-chairman-and-ceo-302216077.html

SOURCE Edenor S.A.

FAQ

Who is the new Chairman and CEO of Edenor (EDN)?

Daniel Marx has been appointed as the new Chairman and CEO of Edenor (EDN), effective August 31, 2024.

Why is Neil Bleasdale stepping down as Edenor's (EDN) Chairman and CEO?

Neil Bleasdale is resigning from his positions as Chairman and CEO of Edenor (EDN) due to personal matters, but will remain as a regular Director.

When will the leadership changes at Edenor (EDN) take effect?

The leadership changes at Edenor (EDN), including Daniel Marx's appointment as Chairman and CEO, will be effective as of August 31, 2024.

What positions will Daniel Marx hold at Edenor (EDN)?

Daniel Marx will hold the positions of Chairman, member of the Executive Committee, and CEO of Edenor (EDN).

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)

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