NextEra Energy CEO Announces Retirement

Renew Grid, Monday March 19, 2012 - 11:58:01

Lewis Hay III has announced that he intends to retire from his position as CEO of NextEra Energy Inc. at the end of 2013 as part of a planned leadership succession process. He will step down July 1.

The board of directors has appointed Hay to serve as executive chairman from July 1 until his retirement. The board has also appointed James L. Robo, currently president and chief operating officer of NextEra Energy, to succeed Hay as CEO.

Effective July 1, Robo will be responsible for the overall strategy and operations of the company, while Hay - in addition to his duties as board chairman - will have direct responsibility for the company's legal, human resources and federal governmental affairs functions. He also will continue to provide input and counsel on strategy and other matters.

Hay joined NextEra Energy as chief financial officer in August 1999. In March 2000, he was appointed president of NextEra Energy Resources LLC. He was elected CEO of NextEra Energy in June 2001 and named chairman of the board in January 2002.

Hay is a vice chairman of the Edison Electric Institute, the association of U.S. shareholder-owned electric companies. He is also a director and former chairman of the Institute of Nuclear Power Operations, which encompasses all U.S. commercial nuclear operating organizations.

Robo joined NextEra Energy as vice president of corporate development and strategy in March 2002. A few months later, he was appointed president of NextEra Energy Resources. He was named to his current role in 2006.

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