PPL Corporation announces upcoming retirement of Executive Vice President and COO Fran Sullivan and corresponding organizational changes

Core Viewpoint - PPL Corporation is restructuring its leadership by eliminating the Chief Operating Officer role, with current COO Francis X. Sullivan retiring on April 4, 2025, and responsibilities being reassigned to David J. Bonenberger and Lonnie Bellar [1][2][3]. Leadership Changes - The COO position will be eliminated effective April 4, 2025, with Francis X. Sullivan retiring [1]. - David J. Bonenberger will take over as Executive Vice President and Chief Operating Officer-Utilities, while Lonnie Bellar will become Executive Vice President of Engineering, Construction and Generation [2]. - Both Bonenberger and Bellar will report directly to PPL President and CEO Vincent Sorgi [2]. Executive Background - Francis X. Sullivan has been with PPL as EVP and COO since January 2023 and has over 40 years of experience in the energy sector [6]. - David J. Bonenberger has been with PPL Electric Utilities since 1984 and previously served as President of Rhode Island Energy [5]. - Lonnie Bellar joined Kentucky Utilities in 1987 and has served as COO for LG&E and KU Energy [5]. Strategic Focus - The leadership transition aims to enhance PPL's strategy to create smarter, stronger, and cleaner utilities, ultimately delivering greater value to customers and shareholders [4]. - Bonenberger will oversee utility operations and customer service across PPL's utilities in Pennsylvania, Kentucky, Rhode Island, and Virginia, while Bellar will manage enterprise-wide engineering and construction services, energy supply, and environmental compliance [4].