Utility Customer Expert

BOB MCGRATH

PROFESSIONAL EXPERIENCE

Robert (Bob) McGrath is executive vice president of engineering, construction and corporate services for NextEra Energy, Inc. (formerly FPL Group, Inc.) (NYSE: NEE). He is responsible for overseeing corporate-wide power plant engineering, construction activities and corporate services. He was appointed executive vice president in 2008. In January 2005, McGrath assumed responsibility for corporate services, which encompasses corporate real estate and integrated supply chain. Prior to being appointed to senior vice president in November 2002, he was chief financial officer for FPL Energy and ESI Energy, the predecessor of NextEra Energy Resources. In his capacity as CFO, he was instrumental in restructuring the core business and setting a new strategic direction for the company. He has also held a variety of management positions with the company including treasurer of FPL Group and director of trust fund investments for FPL. Before becoming associated with NextEra Energy, McGrath served in various roles including vice president/treasurer of Pantry Pride, Inc./Revlon, Inc. He was part of the senior management team that restructured Pantry Pride, allowing it to emerge as a well-positioned supermarket chain operating on the East Coast. Subsequently he played an active role in the acquisition and divestiture program, which ultimately lead to the merger with Revlon, Inc. McGrath spent the early years of his career as the assistant secretary/assistant treasurer of Realty Growth Investors, a real estate investment trust in Towson, Maryland. He graduated summa cum laude with a bachelor’s degree in accounting from Towson State University and subsequently passed the exam to become a Certified Public Accountant.

Utility Customer Expert

NextEra Energy, Inc. (which previously operated as FPL Group) is a leading clean energy company with 2009 revenues of more than $15 billion, nearly 43,000 megawatts of generating capacity, and more than 15,000 employees in 28 states and Canada. Headquartered in Juno Beach, Fla., NextEra Energy’s principal subsidiaries are NextEra Energy Resources, LLC, the largest generator in North America of renewable energy from the wind and sun, and Florida Power & Light Company, which serves approximately 4.5 million customer accounts in Florida and is one of the largest rate-regulated electric utilities in the country. Through its subsidiaries, NextEra Energy collectively operates the third largest U.S. nuclear power generation fleet.

EDUCATION

Graduated Towson University (Summa Cum Laude) with a B. S.
Accounting Passed the CPA exam in 1978

WORKED HISTORY

Realty Growth Investors (REIT) from 1973 to 1979 (Assistant Treasurer)
Pantry Pride / Revlon Inc. 1979 to 1987 (EVP Finance – Revlon subsidiary)
FPL Group / Nextera Energy 1988 to 2013

  • Director Trust Fund Investments for $6 Billion portfolios
  • CFO of Energy Services Inc – (currently Nextera Resources – independent power company)
  • Treasurer of FPL Group CFO of Nextera Resources EVP of Engineering and Construction / Procurement for Nextera Energy ( holding company)