Also leaving is Bill Johnson, the former leader of Progress Energy and Duke Energy in North Carolina. “I have never seen that before.”. Despite his short-lived tenure, Mr. Johnson will receive exit payments worth as much as $44.4 million, according to Duke. Bill Johnson is Former President/CEO at PG&E Corp. See Bill Johnson's compensation, career history, education, & memberships. The corporate world never ceases to amaze. Are Pennsylvanians as obsessed with fracking as Trump and Biden think? Bill Johnson, who is completing more than six years as head of the Tennessee Valley Authority, notably served as CEO of Duke Energy Corp. for a … He was elected CEO of Duke (NYSE: DUK) on July 2, 2012, and then voted out on … That’s about 30 percent of our coal fleet in North Carolina, which serves our South Carolina area as well. How Covid-Safe Is Dining in a Restaurant’s Outdoor Tent? William D. Johnson. William Dean "Bill" Johnson (born January 9, 1954) is an American attorney and businessman. He joined Progress Energy forerunner Carolina Power & Light in 1995. You had a great run. Always free, always fresh, Ask your climate scientist if Grist is right for you. Hopefully he didn’t move too near any of his former colleagues. Always free, and always fresh. In a boon for the climate, philanthropists are making it rain for cleantech innovators. New chief executives almost never quit days after accepting an employment contract, three executive-compensation consultants said. Bill Johnson’s golden parachute was not affected by his short flight. Position: Former Chief Executive, Progress Energy Inc. Mr. Johnson, who goes by Bill, is a former college-football player who became a lawyer and utility executive. See our privacy policy, It “is very odd” for a CEO to exit days after taking command, said David Schmidt, a consultant at James F. Reda & Associates, a compensation consulting firm in New York that wasn’t involved with either company. Progress Energy, headquartered in Raleigh, N.C., is a Fortune 500 energy company with more than 21,000 megawatts of generation capacity and $9 billion in annual revenues. The Wall Street Journal: Outsiders considered the turn of events highly unusual. Get Grist in your inbox <>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]/Font<>>>/Parent 2 0 R/MediaBox[0 0 720 540]/StructParents 0/Type/Page/Contents 4 0 R/Group<>/Tabs/S>>
Bill Johnson got caught up in what will go down in history as a black day for not only Progress Energy, but for honest, ethical companies that value their customers, stockholders and employees. I’m so proud of Bill Johnson and the way he has handled himself under these extreme conditions. When Duke Energy announced its merger with Progress Energy last year, the two companies agreed that Progress CEO Bill Johnson would assume the same position at the combined company. Applying blockchain in the power industry could help modernize the cyber... La Nina Has Developed, Likely to Persist Through Winter, Two utility CEOs explain carbon reduction in today’s uncertain world, Alliance to Save Energy names Paula Glover as new president. That includes $7.4 million in severance, a nearly $1.4 million cash bonus, a special lump-sum payment worth up to $1.5 million and accelerated vesting of his stock awards, according to a Duke regulatory filing Tuesday night. Bill Johnson, Chairman, President and CEO of Progress Energy and incoming Chairman of the North Carolina Chamber, discusses some of his points …
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