Cleco Corp. Announces New Director Elected to Board
July 01 2009 - 8:30AM
Marketwired
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
Cleco (NYSE:CNL)
Historical Stock Chart
From Jun 2023 to Jun 2024