Summary
This 8-K filing by NextEra Energy, Inc. (NEE) on September 19, 2016, announces a key executive change within its finance department. The report details the retirement of Chris N. Froggatt, the Vice President, Controller, and Chief Accounting Officer, effective September 19, 2016, as part of a planned succession. This transition marks the end of Mr. Froggatt's tenure in this principal accounting officer role. Following Mr. Froggatt's retirement, the Board of Directors has appointed Terrell Kirk Crews, II to fill the vacant position. Mr. Crews, with his background including prior roles at NEE, a tenure as a professional accounting fellow at the SEC, and experience at Deloitte, is poised to take on the responsibilities of Chief Accounting Officer. Investors should note that Mr. Crews's appointment is part of a succession plan, aiming for continuity in financial reporting and oversight.
Key Highlights
- 1Chris N. Froggatt retired as Vice President, Controller, and Chief Accounting Officer, effective September 19, 2016.
- 2The retirement of Mr. Froggatt was part of a planned succession process.
- 3Terrell Kirk Crews, II has been appointed as the new Vice President, Controller, and Chief Accounting Officer.
- 4Mr. Crews will serve as NEE's principal accounting officer.
- 5Mr. Crews's prior experience includes serving as Vice President, Finance at NEE, a Partner at Deloitte & Touche LLP, and a professional accounting fellow at the SEC.
- 6In connection with his appointment, Mr. Crews received enhanced credits in NEE's Supplemental Executive Retirement Plan.