JUNO BEACH, Fla. – The board of directors of NextEra Energy, Inc., (NYSE: NEE) has expanded the size of the board by one to 14 and appointed John L. “Jack” Skolds, 62, as the newest director.
“Jack Skolds brings a breadth and depth of business and industry experience and insights that will be a great benefit to the board and senior management. We appreciate his willingness to serve and look forward to his contributions,” said NextEra Energy Executive Chairman Lew Hay.
Skolds, of Charlotte, N.C., retired in September 2007 as executive vice president of Exelon Corporation and as president of its Exelon Energy Delivery and Exelon Generation units. Skolds joined Exelon in 2000 as senior vice president of Exelon Corporation and chief operating officer of Exelon Nuclear and subsequently served as president and chief nuclear officer of Exelon Nuclear. Prior to joining Exelon, Mr. Skolds was president and chief operating officer of South Carolina Electric and Gas, a unit of SCANA Corp.
Skolds served on the board of directors of Constellation Energy Group, Inc., until its merger with Exelon Corporation. He is chairman of the board of Zolo Technologies, Inc., a private company which manufactures unique measurement instruments for ultra-harsh environments. He previously served on the boards of directors of the Institute for Nuclear Power Operations and the Nuclear Energy Institute.
Skolds earned a bachelor’s degree from the United States Naval Academy, where he graduated with distinction, and an MBA from the University of South Carolina. He spent five and a half years in the U.S. Navy training for and operating nuclear submarines.
In addition, NextEra Energy Director Oliver D. Kingsley, Jr., advised the board that he will not stand for re-election as a director at the 2013 annual meeting of shareholders, and will retire from the board upon the expiration of his term of service at the annual meeting. Kingsley retired as president and chief operating officer of Exelon Corporation. He joined the NextEra Energy board of directors in 2007.
“We deeply appreciate Oliver Kingsley’s service and commitment to NextEra Energy. As chairman of the board’s nuclear committee since its inception in 2007, Oliver has drawn on his deep experience to provide invaluable insights to management and the board. More broadly, Oliver is universally recognized as a luminary in the industry. He has provided wise counsel and guidance and he will be missed,” Hay said.
In addition, the board today declared a regular quarterly common stock dividend of $0.60 per share. The dividend is payable on Sept. 17, 2012, to shareholders of record on Aug. 31, 2012.
NextEra Energy, Inc.
NextEra Energy, Inc. (NYSE: NEE) is a leading clean energy company with revenues of more than $15.3 billion, more than 41,000 megawatts of generating capacity, and approximately 15,000 employees in 24 states and Canada as of year-end 2011. Headquartered in Juno Beach, Fla., NextEra Energy’s principal subsidiaries are Florida Power & Light Company, which serves approximately 4.6 million customer accounts in Florida and is one of the largest rate-regulated electric utilities in the country, and NextEra Energy Resources, LLC, which together with its affiliated entities is the largest generator in the United States of renewable energy from the wind and sun. Through its subsidiaries, NextEra Energy generates clean, emissions-free electricity from eight commercial nuclear power units in Florida, New Hampshire, Iowa and Wisconsin. For more information about NextEra Energy companies, visit these websites: www.NextEraEnergy.com, www.FPL.com, www.NextEraEnergyResources.com.