Summary
NextEra Energy, Inc. (NEE) announced a change to its Board of Directors, effective February 11, 2021. The Board approved an increase in its size from thirteen to fourteen members and appointed Lynn M. Utter as a new director. This appointment fills the newly created directorship and aligns with the company's governance processes, following a recommendation from the Governance & Nominating Committee. Mrs. Utter's addition is expected to bring valuable experience to the Board. Furthermore, Mrs. Utter has been appointed to serve on both the Audit Committee and the Finance & Investment Committee. Her background includes significant leadership roles, such as Chief Talent Officer at Atlas Holdings LLC and CEO of First Source LLC, providing her with a diverse skill set relevant to these committee assignments. As a non-employee director, she will receive compensation consistent with other board members, which includes an annual retainer and a stock award.
Key Highlights
- 1NEE's Board of Directors size increased from thirteen to fourteen members.
- 2Lynn M. Utter was appointed as a new director, filling the newly created position.
- 3Mrs. Utter's appointment is effective February 11, 2021.
- 4She has been appointed to serve on the Audit Committee and the Finance & Investment Committee.
- 5Mrs. Utter brings experience from previous executive roles, including Chief Talent Officer and CEO.
- 6Compensation for Mrs. Utter as a director includes an annual retainer of $105,000 and a stock award valued at $180,000.
- 7On February 11, 2021, Mrs. Utter was granted 2,150 shares of NEE common stock.