Florida Power CEO implicated in scandals abruptly steps down
By Mario Ariza for Floodlight and David Folkenflik for NPR
Florida Power & Light, one of the largest power companies in the country, unexpectedly announced the retirement of its CEO on Wednesday.
Eric Silagy, CEO since 2014, will depart the company in April.
Silagy, 54, has been a key figure in an ongoing scandal embroiling the company that includes allegations of campaign finance violations, media manipulation, and the surveillance of critical journalists.
Asked by Wall Street analysts during a Wednesday morning earnings call if Silagy’s retirement was in any way connected to an internal investigation that the company has been conducting in response to media reports, John Ketchum, CEO of NextEra Energy, FPL’s parent company, responded in the negative.
“We're not making a connection,” he said.