NextEra Energy Partners LP
05/06/2024 | Press release | Distributed by Public on 05/06/2024 05:34
Management Change/Compensation - Form 8-K
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) In connection with his appointment to a new senior leadership role as Executive Vice President and Chief Risk Officer of NextEra Energy, Inc., T. Kirk Crews II resigned as a Director and as Chief Financial Officer of NextEra Energy Partners, LP (NEP), in which position he served as NEP's principal financial officer, effective May 6, 2024.
(c) Effective May 6, 2024, Brian W. Bolster was appointed as a Director and as Chief Financial Officer of NEP to succeed Mr. Crews in those positions. Mr. Bolster will serve as NEP's principal financial officer. Mr. Bolster is an employee of NextEra Energy, Inc. and, as such, will not receive any compensation from NEP for his service on the Board of Directors of NEP.
Mr. Bolster, age 52, served until May 2024 with Goldman Sachs & Co. LLC, a global investment banking, securities and investment management firm (GS), in a number of positions of increasing responsibility over nearly 25 years. Most recently, Mr. Bolster served with GS as Partner Managing Director, Head of Natural Resources Investment Banking (Americas), a position which he held from September 2020 until his departure. Prior to that service, Mr. Bolster served with GS as Partner Managing Director, Global Co-Head of Power, Utility and Infrastructure Investment Banking (Americas) for several years ended September 2020.
(d) With respect to the appointment of Mr. Bolster as Director of NEP, reference is made to Item 5.02(c) hereof which is incorporated by reference in this Item 5.02(d).