Profile of Mr. Broadhead's Career
http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=105&STORY=/www/story/06-12-2001/0001512604
Mr. Broadhead was named CEO of FPL Group in 1989. Since taking the helm,
he has successfully focused the company's efforts on strengthening its core
business, Florida Power & Light, and expanding its energy-related operations
outside of Florida through FPL Energy. In addition to divesting non-core
businesses such as insurance, citrus production and real estate, Mr. Broadhead
emphasized lower costs, improved quality and customer focus, and increased
speed and flexibility throughout the company's operations. As a result, FPL
has reduced real unit operating costs by 55 percent since 1990. The
performance of its nuclear and fossil power plants now rank among the top
10 percent in the country, and its service reliability is ranked in the
top 20 percent.
Since 1990, FPL Group revenues have grown from $5 billion to more than
$7 billion, even as non-core businesses were divested. Both customers and
shareholders have benefited from the streamlined operations and improved
performance. Today, FPL customers enjoy base rates for electricity that are
nearly 10 percent lower than in 1989, and FPL Group shareholders have realized
total shareholder returns that are 24 percent better than the industry average
over that same period.
Prior to joining FPL Group, Mr. Broadhead was president of GTE Telephone
Operations and a member of GTE's board of directors. Before his association
with GTE, Mr. Broadhead was president of St. Joe Minerals Corporation. He is
a director of Delta Air Lines, Inc., the Pittston Company, and New York Life
Insurance Company, and a Trustee Emeritus of Cornell University. He also is
past president of the Foundation for the Malcolm Baldrige National Quality
Award.
Company Profile
FPL Group, with annual revenues of more than $7 billion, is one of the
nation's largest providers of electricity-related services. Its principal
subsidiary, Florida Power & Light Company, serves approximately 3.9 million
customer accounts in Florida. FPL Energy, LLC, FPL Group's U.S. energy-
generating subsidiary, is a leader in producing electricity from clean and
renewable fuels. Additional information is available on the Internet at
http://www.fplgroup.com, http://www.fpl.com and http://www.fplenergy.com.
2007-07-28 10:40:54
·
answer #1
·
answered by LucySD 7
·
0⤊
0⤋