Cleco Corp. (NYSE: CNL) announced today the election of Peter Scott to its board of directors effective July 1, 2009. Scott, who is 59, is the retired executive vice president and chief financial officer of Progress Energy, Inc. (NYSE: PGN) based in Raleigh, N.C. He also retired as president and chief executive officer of Progress Energy Service Company effective Sept. 1, 2008.

Prior to joining Progress Energy in 2000, Scott was president of Scott, Madden & Associates, Inc., a management consulting firm.

"Peter's finance, audit and corporate governance experience from his years at Progress Energy will benefit our board as we complete the construction of our Rodemacher Unit 3 project, maximize cash flow and earnings from our Cleco Midstream Resources subsidiary, and implement our growth strategy," Cleco President and CEO Mike Madison said. "We're very pleased Peter is joining our board."

Scott earned his bachelor's and master's degrees in business administration from the University of North Carolina at Chapel Hill.

Among his industry, professional and civic experiences are memberships on the boards of Research Triangle Institute International headquartered in Research Triangle Park, N.C.; Kenan-Flagler Business School for the University of North Carolina at Chapel Hill and St. Mary's School in Raleigh, N.C.

Scott will be a Class II director whose term of office will expire at Cleco's 2011 annual meeting of shareholders.

Cleco Corp. is a regional energy company headquartered in Pineville, La. It operates a regulated electric utility company that serves 276,000 customers across Louisiana. Cleco also operates a wholesale energy business with approximately 1,350 megawatts of name plate generating capacity. For more information about Cleco, visit www.cleco.com.

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1014569

Investor Contacts: Cleco Corporation: Russell Davis (318) 484-7501 Rodney J. Hamilton (318) 484-7593 Media Contact: Cleco Corporation: Fran Phoenix (318) 484-7467 Cleco Corporation 2030 Donahue Ferry Road PO Box 5000 Pineville, LA 71361-5000 Tel 318.484.7400 www.cleco.com

Cleco (NYSE:CNL)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Cleco Charts.
Cleco (NYSE:CNL)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Cleco Charts.