NextEra Energy Names Armando Pimentel as FPL President, CEO

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Armando Pimental

Eric Silagy, chairman, president and CEO of Florida Power & Light Co. (FPL), has notified the corporate of his intention to retire after 20 years with the corporate, together with 11 years main FPL.

Armando Pimentel, who beforehand served in a number of senior govt roles with NextEra Energy Inc., will rejoin the corporate and is known as president and CEO of FPL. John Ketchum, chairman, president and CEO of NextEra Energy, is known as chairman of FPL.

“I want to thank Eric for his 20 years of dedicated service to our company, our customers and the communities where we do business,” says Ketchum. “Eric is a passionate advocate for continuous improvement and under his leadership FPL has transformed into the nation’s largest electric utility, providing our customers with the country’s most reliable service with bills significantly lower than the national average. His commitment to putting customers first was on full display last year during hurricanes Ian and Nicole, where his dedication, commitment and compassion drove the FPL team to restore power in record time and quickly put the state of Florida back on its feet.”

Silagy has labored for NextEra Energy for almost twenty years. Prior to his appointment as president of FPL in 2011, he served as senior vp of regulatory and state governmental affairs and as chief growth officer, managing all era growth, together with solar, pure gasoline and nuclear energy initiatives. Silagy additionally frolicked working for NextEra Energy Resources LLC, the place he served as vp and normal supervisor of the southern area, and vp of enterprise growth.

Prior to becoming a member of NextEra Energy, Silagy served as vp, mergers, acquisitions and divestitures at Entergy Wholesale Operations, and as vp and managing director at Southeast Asia, for The Wing Group, a subsidiary of Western Resources. He additionally labored for U.S. Senator J. Bennett Johnston of Louisiana in a number of capacities, together with chief of workers.

“It has been an honor and privilege to lead the FPL team for more than a decade and I couldn’t be more proud of the accomplishments we have delivered to our customers and the state of Florida,” states Silagy. “Over the last decade, we have transformed FPL’s generation fleet into one of the cleanest, most reliable and lowest-cost portfolios in the country, delivered award-winning customer service, ensured bills are significantly lower than the national average and provided our customers the best grid reliability in the country. These results are the consequence of the hard work and dedication of our nearly 10,000 FPL employees, who every day put the customer first and always strive to innovate and do better. I know the future is bright and that I am leaving the company in great hands.”

“When John became CEO of NextEra Energy last year, I committed to him that I would stay in my role for at least one more year and I’ve now satisfied that commitment,” continues Silagy. “While saying ‘goodbye’ to such a great organization is always difficult, I know that now is the right time for me to hand over the reins of FPL.”

“We welcome Armando back to our company,” Ketchum says about Pimentel rejoining NextEra Energy. “He is a good friend and colleague who I’ve worked closely with for many years and I am delighted that he will be rejoining our team. Armando has deep knowledge of our company and our culture and he will bring incredible discipline and industry experience to his role leading FPL. He is also a life-long Floridian who cares deeply about serving our customers. His previous experience as chief financial officer (CFO) for both NextEra Energy and FPL will allow him to quickly hit the ground running with a focus on delivering value to our many stakeholders.”

From May 2008 to March 2019, Pimentel was a member of NextEra Energy’s senior govt crew. Initially, he served as NextEra Energy’s and FPL’s CFO. In October 2011, he was named president and CEO of NextEra Energy Resources LLC, the corporate’s aggressive power era subsidiary, a place he held till March 2019 when he retired. He additionally served as president and a member of the board of NextEra Energy Partners LP from June 2014 till March 2019.

Prior to becoming a member of NextEra Energy, Pimentel was a senior associate at Deloitte & Touche LLP. He additionally beforehand labored as an accounting fellow with the Office of the Chief Accountant of the Securities and Exchange Commission. Pimentel at the moment serves on the board of Ameriprise Financial, Inc.

Pimentel will formally take up his new function at FPL on Feb. 15, 2023, after which he and Silagy will work intently collectively to make sure a easy transition of tasks. Silagy’s final day with NextEra Energy might be May 15, 2023.

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