Juno Beach, Fla - Paul J. Evanson today announced that he is resigning as president of Florida Power & Light Company, the principal subsidiary of FPL Group. Inc., to become the chairman, chief executive officer, and president of Allegheny Energy.
Evanson was elected president of FPL in January 1995. He came to Florida in 1992 to become vice president of finance and chief financial officer of FPL Group Inc. and Florida Power & Light Company.
Lew Hay, chairman and CEO of FPL Group, will assume the role of president of FPL until a successor for Evanson is appointed. Those executives who reported to Evanson will now report to Hay.
In accepting Evanson's resignation, Hay said, "We thank Paul for all of his many positive contributions during his years with FPL. While we all will miss him and are disappointed to see him leave, we wish him all the best in his new role. At the same time, we are very confident in the strength of the management team we have at FPL Group. We are in the fortunate position of having significant depth of talent in our management group. I plan to take a short while to evaluate our various options."
Allegheny Energy serves about 1.5 million customers in Maryland, Ohio, Pennsylvania, Virginia, and West Virginia and has over 10,000 megawatts of unregulated generation assets.
FPL Group, with annual revenues of more than $8 billion, is nationally known as a high quality, efficient, and customer-driven organization focused on energy-related products and services. With a growing presence in 24 states, it is widely recognized as one of the country's premier power companies. Its principal subsidiary, Florida Power & Light Company, serves more than 4 million customer accounts in Florida. FPL Energy, LLC, an FPL Group energy-generating subsidiary, is a leader in producing electricity from clean and renewable fuels. Additional information is available on the Internet at www.FPLGroup.com, www.FPL.com andwww.FPLEnergy.com.