Juno Beach, Fla., March 19, 2012 — Lewis "Lew" Hay, III, 56, intends to retire from NextEra Energy, Inc., at the end of 2013 as part of a planned leadership succession process.
Hay will step down as CEO effective July 1, 2012. The board of directors appointed Hay to serve as executive chairman from July 1, 2012, until his retirement, and appointed James L. Robo, 49, currently president and chief operating officer of NextEra Energy, to succeed Hay as CEO of the company, effective July 1, 2012.
Robo will be appointed to the board of directors on or about the effective date of his appointment 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 and 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, Inc., in June 2001 and elected chairman of the board in January 2002.
Hay received a bachelor of science degree in electrical engineering from Lehigh University in 1977 and a master of science degree in industrial administration from Carnegie Mellon University in 1982.
Hay serves on the board of directors of Capital One Financial Corp. and of Harris Corp. He is a vice chairman of the Edison Electric Institute, the association of U.S. shareholder-owned electric companies.
He is also a director and past chairman of the Institute of Nuclear Power Operations, which encompasses all U.S. commercial nuclear operating organizations, and he is a director of the Nuclear Energy Institute. He is a member of the President's Council on Jobs and Competitiveness and the Business Roundtable.
Hay was the chief architect of the company's clean energy growth strategy under which the company doubled its generating capacity to 41,000 MW during his tenure as CEO, including the addition of wind, solar, nuclear and natural gas generating facilities.
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. Prior to joining NextEra Energy, Robo served in executive roles with General Electric and Strategic Planning Associates, a management consulting firm.
Robo received his bachelor of arts degree from Harvard College in 1984 and his MBA in 1988 from Harvard Business School. He serves on the board of directors of J.B. Hunt Transport Services, Inc.