Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(b) On January 24, 2022, NextEra Energy Partners, LP ("NEP") commenced the
implementation of its chief executive officer succession plan, pursuant to
which, effective on March 1, 2022, James L. Robo, the Chairman of the Board of
Directors ("Board Chair") and Chief Executive Officer of NEP, will retire as
Chief Executive Officer, and John W. Ketchum, the President and a director of
NEP, will cease his service as President and succeed Mr. Robo as Chief Executive
Officer. Mr. Robo has served as NEP's principal executive officer since his
appointment as Chief Executive Officer in August 2017. He was appointed to NEP's
Board of Directors ("Board") upon its establishment in August 2017 and has
served on the Board of our general partner since March 2014.
On January 24, 2022, in accordance with the succession plan, Mr. Robo notified
the Board that he intends to retire as Chief Executive Officer effective on
March 1, 2022 and that he does not plan to stand for re-election by NEP's unit
holders at NEP's annual meeting of unit holders scheduled for April 20, 2022. It
is anticipated that, as of the annual meeting date, Mr. Ketchum will succeed Mr.
Robo as Board Chair and as one of the four NEP Directors nominated for election
by NEP's unit holders.
In connection with the foregoing, Rebecca J. Kujawa will cease her current
service as Chief Financial Officer of NEP effective on March 1, 2022 to succeed
Mr. Ketchum as President of NEP effective on that date. Mrs. Kujawa has served
as NEP's principal financial officer since her appointment as Chief Financial
Officer in March 2019.
(c) The information set forth under Item 5.02(b) of this report is incorporated
by reference in this Item 5.02(c).
On January 24, 2022, the Board appointed:
•Mr. Ketchum to succeed Mr. Robo as the Chief Executive Officer of NEP effective
on March 1, 2022. As Chief Executive Officer, Mr. Ketchum will serve as NEP's
principal executive officer. Mr. Ketchum, age 51, has served in his current role
as NEP's President since March 2019 and his current role as a director on NEP's
Board designated by NEP's general partner since August 2017. He was NEP's Chief
Financial Officer from August 2017 to March 2019 and the Chief Financial Officer
of NEP's general partner from August 2016 to August 2017. Mr. Ketchum also has
served as President and CEO of NextEra Energy Resources, LLC ("NEER"), a
subsidiary of NextEra Energy, Inc. ("NEE"), since March 2019. From March 2016 to
March 2019, he was Executive Vice President, Finance and Chief Financial Officer
of NEE.
•Mrs. Kujawa to succeed Mr. Ketchum as the President of NEP effective on March
1, 2022. Mrs. Kujawa, age 46, has served in her current roles as NEP's Chief
Financial Officer and a director on NEP's Board designated by NEP's general
partner since March 2019. She also has served as Executive Vice President,
Finance and Chief Financial Officer of NEE since March 2019. She served as Vice
President, Business Management of NEER from 2012 to March 2019.
•T. Kirk Crews, age 43, to succeed Mrs. Kujawa as the Chief Financial Officer of
NEP effective on March 1, 2022. In such capacity, Mr. Crews will serve as NEP's
principal financial officer. Mr. Crews has served in his current role as Vice
President, Business Management of NEER since March 2019. From April 2016 until
March 2019, he was NEE's Vice President, Controller and Chief Accounting
Officer. It is anticipated that Mr. Crews will succeed Mr. Ketchum as one of the
directors on NEP's Board designated by NEP's general partner, effective as of
the annual meeting date.
As of the date of this report, no information has been determined with respect
to any material NEP plan, contract or arrangement, or any material amendment
thereto, to which Mr. Ketchum, Mrs. Kujawa or Mr. Crews may become a party, in
which they may participate or which they may receive in connection with their
appointments.
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Item 7.01 Regulation FD Disclosure
On January 25, 2022, NextEra Energy Partners, LP issued a news release
announcing certain members of the matters reported in Item 5.02 of this report.
NEP's news release is furnished as Exhibit 99 to this report and incorporated by
reference in this Item 7.01.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
NEP herewith furnishes the following Exhibit 99:
Exhibit
Number Description
99 NextEra Energy Partners, LP News Release dated January 25, 2022
101 Interactive data files for this Form 8-K formatted in Inline XBRL
Cover Page Interactive Data File (formatted as Inline XBRL and contained
104 in Exhibit 101)
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