PPL eliminates COO role; EVP Francis X. Sullivan to separate April 4, 2025

PPL Corp

COO position eliminated; duties delegated to other officers.
Sullivan receives two years base salary lump sum, pro-rated 2025 bonus, and accelerated RSU vesting.
Additional $50,000 lump sum in lieu of outplacement and financial planning services.
Separation effective April 4, 2025; severance subject to release of claims and restrictive covenants.
Sullivan of retirement age; 2023-2025 equity grants also vest under stock incentive plan.

item 5.02 item 9.01

Executive movements

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Departed

Francis X. Sullivan

Executive Vice President and Chief Operating Officer

PPL · PPL Corp

Effective: 2025-04-04
Filed: January 15, 2025, 6:59 PM ET

On January 13, 2025, in connection with an internal reallocation of duties among the senior executives of PPL Corporation (the "Company"), the Board of Directors of the Company approved the elimination of the position of Executive Vice President and Chief Operating Officer of the Company, which will result in the separation of employment without cause of Francis X. Sullivan effective April 4, 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Francis X. Sullivan departed as Executive Vice President and Chief Operating Officer at PPL Corp.

Action: separated
Role: Executive Vice President and Chief Operating Officer

Exact text from the filing

On January 13, 2025, in connection with an internal reallocation of duties among the senior executives of PPL Corporation (the "Company"), the Board of Directors of the Company approved the elimination of the position of Executive Vice President and Chief Operating Officer of the Company, which will result in the separation of employment without cause of Francis X. Sullivan effective April 4, 2025.

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PPL Corp filing history →

Source: SEC EDGAR

accession 0000922224-25-000004

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