Industry & Services >> CEO Interviews >> November 11, 2002

Lewis Hay Iii – Fpl Group Inc (fpl)

LEWIS HAY III is Chairman and Chief Executive Officer of FPL Group, Inc., one of the nation's leading electricity-related services companies. He was elected CEO in June 2001 and elected Chairman in January 2002. Florida Power & Light Company is FPL Group's principal subsidiary and serves approximately 8 million people along the eastern seaboard and the southern portion of Florida. FPL is one of the largest electric utilities in the nation. Another subsidiary, FPL Energy, LLC, is one of the fastest growing independent power producers with a presence in 19 states. The company's FPL FiberNet, LLC, business provides fiber optic systems and services in Florida and the Southeast region. Mr. Hay joined FPL Group as Chief Financial Officer in August 1999. In March 2000 he was appointed President of FPL Energy. Prior to joining FPL Group, Mr. Hay served as Executive Vice President and Chief Financial Officer of US Foodservice, one of the largest foodservice distributors in the US with sales in excess of $6 billion. Before his association with US Foodservice, Mr. Hay was Senior Vice President and a partner at Mercer Management Consulting (formerly Strategic Planning Associates), where he led the firm's Washington, DC-based strategy practice. Mr. Hay received a Bachelor of Science degree in Electrical Engineering from Lehigh University in 1977 and a Master of Science degree in Industrial Administration from Carnegie Mellon University in 1982. He serves on the Board of Harris Corporation, is a member of the Dean's Advisory Council at Carnegie Mellon University's Graduate School of Industrial Administration, and a member of the Florida Council of 100. Most recently, Mr. Hay was elected to the Board of Directors of the Institute of Nuclear Power Operations (INPO), which encompasses all US commercial nuclear operating organizations. Profile
TWST: Could you tell us about the various components of FPL

Group?

Mr. Hay: We primarily have three businesses. Far and away, our

biggest business and the one that you would call our