Progress Energy 2008 Annual Report Download - page 143

Progress Energy Proxy Statement
7
CARLOS A. SALADRIGAS, age 60, is Chairman and CEO of Regis HRG, which offers a full
suite of outsourced human resources services to small and mid-sized businesses. He previously served
as Chairman, from 2002 to 2007, and Vice Chairman, from 2007 to 2008, of Premier American Bank in
Miami, Florida. In 2002, he retired as Chief Executive Officer of ADP TotalSource (previously the Vincam
Group, Inc.), a Miami-based human resources outsourcing company that provides services to small and
mid-sized businesses. Mr. Saladrigas has served as a director of the Company since 2001 and also serves
as a director of Advance Auto Parts, Inc. and MBF Healthcare Acquisition Corp. He is a member of the
Board’s Audit and Corporate Performance Committee and the Finance Committee.
THERESA M. STONE, age 64, is Executive Vice President and Treasurer of the Massachusetts
Institute of Technology Corporation since February 2007. She previously served as Executive Vice President
and Chief Financial Officer of Jefferson-Pilot Financial (now Lincoln Financial Group) from November
2001 to March 2006. She also served as President of Lincoln Financial Media Company (formerly known as
Jefferson-Pilot Communications Company) from July 1997 to May 2006. Ms. Stone has served as a director
of the Company since 2005. She is Chair of the Board’s Audit and Corporate Performance Committee and a
member of the Executive Committee, the Governance Committee and the Finance Committee.
ALFRED C. TOLLISON, JR., age 66, is retired Chairman and Chief Executive Officer of
the Institute of Nuclear Power Operations, a nuclear industry-sponsored nonprofit organization. He
has served as a director of the Company since 2006. Mr. Tollison is Vice Chair of the Board’s Nuclear
Project Oversight Committee and a member of the Audit and Corporate Performance Committee and the
Operations and Nuclear Oversight Committee. He also serves as the Nuclear Oversight Director.
PRINCIPAL SHAREHOLDERS
The table below sets forth the only shareholder we know to beneficially own more than 5 percent
(5%) of the outstanding shares of our Common Stock as of December 31, 2008. We do not have any other
class of voting securities.
Title of
Class Name and Address of Beneficial Owner Number of Shares Beneficially Owned Percentage of Class
Common Stock State Street Bank and Trust
Company
One Lincoln Street
Boston, MA 02111
24,501,24719.3
1 Consists of shares of Common Stock held by State Street Bank and Trust Company, acting in various
fiduciary capacities. State Street Bank and Trust Company has sole power to vote with respect to 10,775,764 shares,
sole dispositive power with respect to 0 shares, shared power to vote with respect to 1,118,469 shares and shared
power to dispose of 24,501,247 shares. State Street Bank and Trust Company has disclaimed beneficial ownership of
all shares of Common Stock. (Based solely on information contained in a Schedule 13G filed by State Street Bank and
Trust Company on February 17, 2009.)
MANAGEMENT OWNERSHIP OF COMMON STOCK
The following table describes the beneficial ownership of our Common Stock and ownership of
Common Stock units as of February 27, 2009, of (i) all current directors and nominees for director, (ii) each
executive officer named in the Summary Compensation Table presented later in this Proxy Statement, and
(iii) all directors and nominees for director and executive officers as a group. A unit of Common Stock does
not represent an equity interest in the Company and possesses no voting rights, but is equal in economic
value at all times to one share of Common Stock. As of February 27, 2009, none of the individuals or the
group in the above categories owned one percent (1%) or more of our voting securities. Unless otherwise
noted, all shares of Common Stock set forth in the table are beneficially owned, directly or indirectly, with
sole voting and investment power, by such shareholder.