Clayton, Dubilier & Rice recently announced the appointment of Lewis Hay III '77 to the role of Operating Advisor, effective January 2014. Hay will assist Clayton, Dubilier & Rice in a range of activities, including sourcing transactions, evaluating investment opportunities and advising portfolio company management teams.
Hay is Executive Chairman and former Chairman, President and Chief Executive Officer of NextEra Energy, Inc., a leading electricity-related services company and the largest renewable energy generator in North America. He first joined NextEra Energy in August 1999 as Chief Financial Officer. Under Mr. Hay's leadership, NextEra Energy, whose principal subsidiaries are Florida Power & Light Company, one of the largest electric utilities in the nation, and NextEra Energy Resources, was consistently named number one in its industry on Fortune magazine's list of the world's Most Admired Companies.
During his tenure, NextEra Energy more than doubled its operating income, more than tripled its market capitalization, and consistently outperformed the S&P 500 and S&P Utilities Index.