Progress Energy (PGN) Appoints Vincent M. Dolan as CEO of Progress Energy Florida

June 23, 2009 1:08 PM EDT

Progress Energy (NYSE: PGN) has named Vincent M. Dolan to succeed Jeffrey J. Lyash as president and chief executive officer for Progress Energy Florida, which serves more than 1.6 million Florida households and businesses.

Dolan, 54, has 32 years of experience in the energy industry and has been with Progress Energy and predecessor Florida Power Corp. since 1986 in positions of increasing responsibility. His career includes extensive operations, strategy development, customer service, regulatory affairs and business management experience. He has served most recently as vice president of External Relations for Progress Energy Florida.

Progress Energy, headquartered in Raleigh, N.C., is an energy company with more than 21,000 megawatts of generation capacity and $9 billion in annual revenues. Progress Energy includes two major electric utilities that serve approximately 3.1 million customers in the Carolinas and Florida.[SM]

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