NextEra Energy Inc. (NEE) named Armando Pimentel as president and chief executive officer of its NextEra Energy Resources unit. The unit is the largest wind-energy producer in the U.S.
Pimentel was previously the Juno Beach, Florida-based company’s chief financial officer and replaces Mitch Davidson, who is leaving NextEra. Moray Dewhurst was named CFO and will remain vice chairman and chief of staff, NextEra said in a statement. All the management changes are effective today.
NextEra said in a filing it expects 2011 earnings, excluding certain items, to be “toward the low end” of its previously announced range of $4.35 to $4.65 a share. The company was down 6 cents to $52.98 at 10:05 a.m. in New York Stock Exchange composite trading.
The company said last week that it would purchase, with General Electric Co., a 550-megawatt solar project in Riverside County, California from First Solar Inc.
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