Sundar PichaiSundar Pichai earned $164M in 2023

James L. Robo served as the CEO of NextEra Energy from July 2012 until early 2022. He played a vital role in the company’s focus on renewable energy, a major part of its strategy. Before becoming CEO, he held positions...

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James L. Robo

Ex-CEO of NextEra Energy Partners

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Utilities

Born

January 1, 1963 - 62 years ago

CEO of NextEra Energy Partners for

4 years 7 months (Aug 2017 - Mar 2022)

Previous Experience

Chairman and Chief Executive Officer of NextEra Energy Partners, LP since its establishment in August 2017; served on the Board of NEP's general partner since March 2014.

Holdings

See how much did James L. Robo make over time.

By the end of his role, James L. Robo's holdings in NextEra Energy peaked at nearly $230 million, reflecting a strong connection between his wealth and the company’s performance. His investments were spread across personal ownership, trusts, and plans. There...

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Insider Trading

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Compensation History

See how much did James L. Robo make over time.

In 2022, James L. Robo's total compensation as NextEra's CEO was over $40 million, with a base salary of $1.65 million, yet he received no bonuses that year. His compensation was primarily driven by long-term incentives and personal benefits, including allowances for vehicles and financial planning services. Robo's pay illustrates a strong alignment with the company's performance metrics, focusing on long-term shareholder value and growth. Throughout his years as CEO, compensation varied significantly, but the focus remained on performance-based rewards linked to the overall success of NextEra Energy and its renewable initiatives.

Year

2022

Total Compensation

$2.65M

Salary

$1.65M

Board Justification

The fundamental objective of NextEra Energy’s executive compensation program is to motivate and reward actions that will increase shareholder value, particularly over the longer term. The Compensation Committee believes the Company’s executive compensation program reflects a strong pay-for-performance philosophy and is well-aligned with the short-term and long-term interests of shareholders and other important Company stakeholders, including customers and employees.

Bonus

$0.00

Board Justification

No discretionary bonuses were paid to NEOs in 2022.

Other

$1.00M

Board Justification

Includes personal benefits such as vehicle allowance, financial planning, and legal services.

Restricted Stock

$0.00(0 Performance Shares)

Board Justification

Performance shares generally vest on the last day of the applicable performance period, with payouts determined by the Compensation Committee at its first regular meeting after the end of the year. Because the end of the performance period for the performance shares granted to each of the NEOs in 2019 was December 31, 2022, these performance shares are not included in the outstanding equity awards at fiscal year end and are included in the option exercises and stock vested under columns (D) and (E), "Stock Awards—Number of Shares Acquired on Vesting" and "Stock Awards—Value Realized on Vesting," and discussed in footnote (1) to that table.

Performance Metrics

The principal financial metrics in 2022 were adjusted ROE and adjusted EPS growth.

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