JUNO BEACH, Fla., July 20, 2009 – Effective Aug. 17, 2009, Moray P. Dewhurst will rejoin FPL Group, Inc. (NYSE: FPL) as vice chairman and chief of staff, reporting to Lew Hay, FPL Group chairman and chief executive officer.
Dewhurst, who rejoins FPL Group after taking time off beginning in 2008 to spend more time with his family, will assist the senior executive team on key policy issues and strategic initiatives for the corporation.
“It should be no surprise that we are eager to have Moray rejoin our senior executive team. He is a proven leader who offers deep insights into the business as a result of his superior analytical capabilities and breadth of business experience,” Hay said.
From 2001 to 2008, Dewhurst served as FPL Group’s chief financial officer. Previously, he served as a senior partner and director of Dean & Company, a management consulting and investment firm that he co-founded in 1993. Prior to forming Dean & Company, Dewhurst was a senior partner at Mercer Management Consulting and predecessor management consulting companies.
Dewhurst has a Bachelor of Science degree in naval architecture and marine engineering from the Massachusetts Institute of Technology and a master’s in business administration from the MIT Sloan School of Management.
“Moray’s earlier tenure spanned a period of terrific growth in our business, which produced strong returns for our shareholders. Moray played an important role in helping us to achieve those successes, and I have every confidence he will play an important role in our future success as well,” Hay said.
FPL Group: Energy Solutions for the Next Era
FPL Group (NYSE: FPL) is a leading clean energy company with 2008 revenues of more than $16 billion, approximately 39,000 megawatts of generating capacity, and more than 15,000 employees in 27 states and Canada. Headquartered in Juno Beach, Fla., FPL Group’s principal subsidiaries are NextEra Energy Resources, LLC, the largest generator in North America of renewable energy from the wind and sun, and Florida Power & Light Company, which serves 4.5 million customer accounts in Florida and is one of the largest rate-regulated electric utilities in the country. Through its subsidiaries, FPL Group collectively operates the third largest U.S. nuclear power generation fleet. For more information about FPL Group companies, visit these Web sites:www.FPLGroup.com, www.NextEraEnergyResources.com, www.FPL.com.