Bill johnson progress energy biography templates
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William D. Johnson
Biography
William D. Johnson (Bill) has almost 40 years of experience in and around the utility business. He started his career as an attorney with Hunton & Williams (now Hunton Andrews Kurth), a firm focused broadly on the utility industry, where he represented utilities across the United States. After becoming a partner in the firm, he transitioned to working directly in the utility field. Since 1992, Bill has served in nearly every executive capacity within utility companies, and has been the Chief Executive Officer of three large utilities (Progress Energy, Tennessee Valley Authority, and Pacific Gas & Electric). He has broad experience in operations, public and governmental affairs, finance, mergers and acquisitions and other aspects of the utility business.
During his career, Bill has focused on the personal development of the people in the organizations he served. He has had a particular interest in the theory and practice of leadership and organizational development and has served in a leadership capacity in many industry and civic organizations.
Bill graduated summa cum laude from Duke University and with high honors from the University of North Carolina School of Law, which recognized him as a distinguished alumni in 2011. He had th
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CEO-for-a-day parachutes out of Duke Energy with $44 million
For one day’s work, $44 million is a pretty sizable paycheck.
For a few hours this week, William D. Johnson served as chief executive of Duke Energy Corp. before resigning. His departure package could include $7.4 million in severance, relocation expenses and more, according to a securities filing.
Johnson, formerly CEO of Progress Energy Inc., signed a contract on June 27 to head up Duke for three years. He assumed the position on July 2, when a long-planned, multibillion-dollar merger between Progress and Duke, an electric utility focused in the Southeast, went into effect.
The buyout made Charlotte, N.C.-based Duke the largest power company in the country.
By the next day, through “mutual agreement,” he was out of the C-suite, replaced by Duke’s former chief James Rogers. On a conference call, Duke executives declined to discuss the rationale for Johnson’s departure.
One of the conditions for the exit deal was that Johnson not badmouth his former employer. He probably won’t get the chance: Plenty of others are doing it for him.
John H. Mullin III, former lead director of Progress, wrote an open letter to several news organizations decrying the ouster, calling it “the most blatant example of corporate deceit