Progress Energy 2009 Annual Report Download - page 144

PROXY STATEMENT
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JAMES E. BOSTIC, JR., age 62, has been Managing Director of HEP & Associates, a business consulting
firm, and a partner of Coleman Lew & Associates, an executive search consulting firm, since 2006. He retired as
Executive Vice President of Georgia-Pacific Corporation, a manufacturer and distributor of tissue, paper, packaging,
building products, pulp and related chemicals, in 2006. During his 20 years at Georgia-Pacific, Mr. Bostic served
in various senior positions, including a stint as senior vice president—Environmental, Government Affairs and
Communications. Over the years, Mr. Bostic’s business background and his expertise on environmental and
regulatory issues have been significant assets to the Company. That expertise will be particularly helpful as we
continue to address new laws and regulations regarding global climate change and other environmental issues.
Additionally, due to his years of service on the Board, Mr. Bostic has developed a keen understanding of how
the Company operates, the key issues it faces, and its strategy for addressing those issues as it carries out its
responsibilities to its shareholders and other stakeholders. He has served as a director of the Company since 2002.
Mr. Bostic is a member of the Board’s Audit and Corporate Performance Committee, the Nuclear Project Oversight
Committee and the Operations and Nuclear Oversight Committee.
HARRIS E. DELOACH, JR., age 65, is Chairman, President and Chief Executive Officer of Sonoco
Products Company, a manufacturer of paperboard and paper and plastic packaging products, since April 2005. He
served as President and Chief Executive Officer of Sonoco Products from July 2000 to April 2005. Mr. DeLoach
joined Sonoco Products in 1986 and has served in various management positions during his tenure there. Prior to
joining Sonoco, Mr. DeLoach was in private law practice and served as an outside counsel to Sonoco for 15 years.
Mr. DeLoach’s legal background and years of experience leading a global packaging company will be valuable to
the Company as it confronts a challenging economy and changing business environment. He has served as a director
of the Company since 2006. Mr. DeLoach is Chair of the Board’s Operations and Nuclear Oversight Committee and
a member of the Executive Committee, the Governance Committee, the Nuclear Project Oversight Committee and
the Organization and Compensation Committee.
Other public directorships in past five years:
Sonoco Products Company (1998 to present)
Goodrich Corporation (2001 to present)
JAMES B. HYLER, JR., age 62, retired as Vice Chairman and Chief Operating Officer of First Citizens
Bank in 2008. He served in these positions from 1994 until 2008. Mr. Hyler was Chief Financial Officer of First
Citizens Bank from 1980 to 1988, and served as President of First Citizens Bank from 1988 to 1994. Prior to joining
First Citizens Bank, Mr. Hyler was an auditor with Ernst & Young for 10 years. Mr. Hyler has more than 37 years of
experience in the financial services industry. Mr. Hyler’s experience and accounting background have provided him
with an understanding of the accounting principles used by the Company to prepare its financial statements and the
ability to analyze such statements. His knowledge and experience in financial services and corporate finance will
be valuable to the Company as our utilities continue to move forward with the expansion projects necessary to meet
our customers’ future energy needs reliably and affordably. Mr. Hyler has served as a director of the Company since
2008 and is a member of the Board’s Finance Committee and the Organization and Compensation Committee.
Other public directorships in past five years:
First Citizens BancShares (August 1988 until January 2008)
WILLIAM D. JOHNSON, age 56, is Chairman, President and Chief Executive Officer of Progress Energy,
since October 2007. Mr. Johnson previously served as President and Chief Operating Officer of Progress Energy
from January 2005 to October 2007. In that role, Mr. Johnson oversaw the generation and delivery of electricity
by PEC and PEF. Mr. Johnson has been with Progress Energy (formerly CP&L) in a number of roles since 1992,
including Group President for Energy Delivery, President and Chief Executive Officer for Progress Energy
Service Company, LLC and General Counsel and Secretary for Progress Energy. Before joining Progress Energy,
Mr. Johnson was a partner with the Raleigh, N.C. law office of Hunton & Williams LLP, where he specialized
in the representation of utilities. Mr. Johnson has served in a variety of senior management positions during his
tenure with the Company. His background as a lawyer representing utilities, and his years of hands-on experience