Progress Energy 2007 Annual Report Download - page 7

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Before ending this letter, I want to say a word
about Bob McGehee, our chairman and CEO who
died suddenly last October, just months before
retiring. Bob was a kind, gracious man, insight-
ful about this business and about life. He was
an important mentor to me. As always, he had
planned well and had this company ready for a
smooth leadership transition.
Now, more than five months later, I think Bob
would be proud of what we’re doing to build on
Progress Energy’s positive momentum: the addi-
tional steps we’re taking to prepare for the future
and the responsible leadership we’re showing in
tackling the hard issues such as climate change.
I am privileged to be in this position, sur-
rounded by a capable, forward-looking team, at this
point in the history of our company and industry.
I am energized by what we can accomplish for our
company, for the communities we serve and for all
who rely on us.
William D. Johnson
Chairman, President and Chief Executive Officer
March 2008
“I’ve always focused on
the job at hand and tried
to do my very best.”
–Bob McGehee
Bob McGehee joined Progress Energy, then CP&L, in 1997. Both wise and
humble, he possessed the rare ability to engage meaningfully with employees,
investors, customers and community leaders. Every day, he represented Progress
Energy at its best through his personal example of integrity and caring.
With a clear strategic focus and steady hand, Bob McGehee navigated
Progress Energy through a period of tremendous change in the industry and the
company itself. Under his leadership, the company successfully divested noncore
subsidiaries to focus on our two regulated utilities, bringing both to a level of
industry-recognized excellence. He also guided the development of a long-term
strategic plan to maintain our track record of operational excellence, environ-
mental responsibility and customer commitment. His legacy of excellence will
continue as a vital part of Progress Energy's future.
A LEGACY OF EXCELLENCE
A Tribute To Bob McGehee
CHAIRMAN AND CEO OF PROGRESS ENERGY, 2004 – 2007