October 25, 2007
John E. Bryson to retire July 31, 2008
Theodore F. Craver, Jr. successor to Bryson
ROSEMEAD, Calif., Oct. 25, 2007 – The board of directors of Edison International (NYSE:EIX) today announced that Theodore F. Craver, Jr., 56, will succeed John E. Bryson, 64, Edison International’s chairman, president and chief executive officer, when Bryson retires on July 31, 2008. The board also announced the election of Craver to the board of directors of Edison International, effective immediately, and that Craver will become president of Edison International April 1, 2008.
Craver has served the company for eleven years, most recently as president and chief executive officer of Edison Mission Group, the company’s competitive power generation business. Bryson has served as chairman and CEO of Edison International since October 1990.
Commenting on the announcement, Bryson said, “Ted has served our company exceptionally well both as the chief financial officer during particularly challenging times and as the leader over the past three years of our competitive power generation business. I am highly confident that he will provide strong and effective leadership as the CEO of our company when he succeeds to that position next year.”
Craver also commented, “I am honored and excited to be selected by the board to lead this outstanding company and excellent management team.”
About Ted Craver
Craver was elected to his current position in January 2005. Previously Craver was executive vice president of Edison International and held the position of chief financial officer and treasurer since January 2000. Before joining Edison in September 1996, Craver served as executive vice president and corporate treasurer of First Interstate Bancorp from 1991 to 1996. Before joining First Interstate, he spent four years with Bankers Trust Company of New York and seven years with Security Pacific National Bank in various capital markets sales and trading capacities.
Craver currently serves on the board of directors of Health Net, Inc. He also serves on the board of directors of the Electric Power Supply Association, and the board of trustees of the Autry National Center, and the board of trustees of the Orange County Performing Arts Center.
Craver earned an M.B.A. and B.A. in economics and international relations from the University of Southern California.
About John Bryson
Bryson joined Edison in 1984 and was elected chairman and CEO of Edison International in 1990. From 1990 through 2000, he also served as chairman and CEO of Southern California Edison, the company’s regulated utility subsidiary. Before joining Edison, Bryson was a partner in a major law firm. He served as president of the California Public Utilities Commission from 1979 to 1982, and prior to that he served as chairman of the California State Water Resources Control Board. Earlier, Bryson co-founded and served as an attorney for the Natural Resources Defense Council, a leading national environmental organization.
Bryson graduated from Stanford University and earned a Doctor of Jurisprudence degree from Yale Law School.
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Contact: Gil Alexander, (626) 302-2255
Investor Relations: Scott Cunningham, (626) 302-2540
Edison International, through its subsidiaries, is a generator and distributor of electric power and an investor in infrastructure and energy assets, including renewable energy. Headquartered in Rosemead, California, Edison International is the parent company of Southern California Edison, the largest electric utility in California, and Edison Mission Group, a competitive power generation business and parent company to Edison Mission Energy and Edison Capital.