Progress Energy 2010 Annual Report Download - page 148

PROXY STATEMENT
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CARLOS A. SALADRIGAS, age 62, is Chairman and Chief Executive Officer of Regis HRG, which
offers a full suite of outsourced human resources services to small and mid-sized businesses. He has served in
these positions since July 2008. Mr. Saladrigas served as Vice Chairman, from 2007 to 2008, and Chairman, from
2002 to 2007, of Premier American Bank in Miami, Florida. In 2002, Mr. Saladrigas retired as Chief Executive
Officer of ADP Total Source (previously the Vincam Group, Inc.), a Miami-based human resources outsourcing
company that provides services to small and mid-sized businesses. Mr. Saladrigas has extensive expertise in both
the human resources and financial services arenas. His accounting background provides him with an understanding
of the principles used to prepare the Company’s financial statements and enables him to effectively analyze those
financial statements. Mr. Saladrigas is a resident of Florida and is familiar with the economic policy issues facing
that state. As a result of his years of service on the Board, Mr. Saladrigas has gained institutional knowledge about
the Company and its operations. His unique perspective and business acumen will continue to be valuable assets
to the Board as the Company executes its plans to optimize its balanced solution strategy for meeting customer
needs and complying with public policies while creating long-term value in a challenging economy and a changing
business environment. Mr. Saladrigas has served as a director of the Company since 2001. He is a member of
the Board’s Audit and Corporate Performance Committee and the Finance Committee. Mr. Saladrigas is one
of the Board’s two designated Audit Committee Financial Experts.
Other public directorships in past five years:
Advance Auto Parts, Inc. (2003 to present)
THERESA M. STONE, age 66, has been Executive Vice President and Treasurer of the Massachusetts
Institute of Technology Corporation (“M.I.T.”), since February 2007. In her role as Executive Vice President and
Treasurer, Ms. Stone is responsible for M.I.T.’s capital programs, facilities, human resources and information
technology, and serves as M.I.T.’s Chief Financial Officer and Treasurer. From November 2001 to March 2006,
Ms. Stone served as Executive Vice President and Chief Financial Officer of Jefferson-Pilot Financial (now Lincoln
Financial Group). Ms. Stone began her career as an investment banker, advising clients primarily in the financial
services industry on financial and strategic matters and has held senior financial executive officer positions at
various companies since that time. Ms. Stone’s knowledge and expertise in finance make her uniquely qualified
to understand and effectively analyze the Company’s financial statements. Her depth of experience in finance and
management provide her with the skills needed to assist the Board in its analysis and decision making regarding
financial matters as the Company undertakes the long-range projects and initiatives necessary to optimize its
balanced solution strategy for meeting its customers’ future energy needs and complying with public policies while
creating long-term value in a challenging economy and a changing business environment. 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 Finance Committee and the Governance
Committee. Ms. Stone is one of the Board’s two designated Audit Committee Financial Experts.
ALFRED C. TOLLISON, JR., age 68, retired as Chairman and Chief Executive Officer of the Institute of
Nuclear Power Operations (“INPO”), a nuclear industry-sponsored nonprofit organization, in March 2006. He was
employed by INPO from 1987 until March 2006. During his tenure there, Mr. Tollison’s responsibilities included
industry and government relations, communications, information systems and administrative activities. He also
served as the executive director of the National Academy for Nuclear Training. From 1970 until 1987, Mr. Tollison
was employed by PEC, where he served in a variety of management positions, including plant general manager
of the Brunswick Nuclear Plant and manager of nuclear training. His management experience as a chief executive
officer of a large nonprofit entity in the energy industry, as well as his in-depth knowledge of that industry, enables
him to bring a unique perspective to the Company’s Board. Mr. Tollison’s track record and expertise in promoting
the safe and reliable operations of our nation’s nuclear generating plants will continue to be a significant asset to
our Board as the Company executes its plan for improving the performance of its nuclear fleet and optimizes its
balanced solution strategy for meeting the future energy needs of its customers safely, reliably and affordably. Mr.
Tollison has served as a director of the Company since 2006. He 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. Mr. Tollison also serves as the Nuclear Oversight Director.