Edison International's CEO Theodore Craver To Retire

Edison International late Wednesday said Theodore Craver Jr., chairman, president and chief executive officer of Edison International, is retiring on Sept. 30, 2016. Craver's retirement is in keeping with the company's practice of its CEOs stepping down on reaching the age of 65, it said. Craver will be succeeded by Pedro Pizarro, president of Southern California Edison, as CEO and William Sullivan, an independent director, will become non-executive chair. Shares of Edison were unchanged in extended trading after the stock slipped 0.2% to close at $69.77 during the regular session.