Kirk S. Hachigian
NEXTERA ENERGYAbout Kirk S. Hachigian
Independent director of NextEra Energy since 2013 (age 65). He is Chair of the Compensation Committee and serves on the Executive and Governance & Nominating Committees. Former Chairman/CEO of Cooper Industries and Chairman/CEO of JELD‑WEN; MBA (Finance) from Wharton and B.S. in Engineering from UC Berkeley. He brings leadership, international operations, and financial/risk oversight experience, including prior audit committee service and service on the Houston branch board of the Federal Reserve Bank of Dallas .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| JELD‑WEN Holding, Inc. | Chairman of the Board | Feb 2014 – May 2018 | Oversaw governance and strategy during post-IPO evolution . |
| JELD‑WEN Holding, Inc. | Chief Executive Officer | Apr 2014 – Dec 2016 | Led operational and strategic turnaround initiatives . |
| Cooper Industries plc | Chairman; CEO; President | Chairman (2006–Nov 2012); CEO (2005–Nov 2012); President (2004–Nov 2012) | Led a global electrical equipment manufacturer through to sale to Eaton (Nov 2012) . |
| Lighting products manufacturer (Asia-Pacific) | President & CEO, Asia-Pacific | Prior to Cooper | International leadership in Singapore and Mexico, deep ops exposure . |
| Federal Reserve Bank of Dallas, Houston branch | Board member | Prior service | Financial and risk oversight exposure . |
External Roles
| Company | Role | Tenure/Notes |
|---|---|---|
| Allegion plc | Director | Since 2013; expected retirement in June 2025 . |
| PACCAR, Inc. | Director | Since 2008 . |
| L3Harris Technologies, Inc. | Director | Since 2023 . |
Board Governance
- Committees: Compensation (Chair); Executive; Governance & Nominating . The Compensation Committee met 4 times in 2024; Governance & Nominating met 4; Executive met 0 .
- Independence: Board determined he is independent under NYSE standards and company guidelines .
- Attendance: Board met 6 times in 2024; all current directors attended 100% of Board and assigned committee meetings; all 11 then‑current directors attended the 2024 annual meeting .
- Executive sessions: Scheduled for each regular Board meeting and after each regular committee meeting (other than quarterly Audit earnings reviews) .
- Time‑commitments oversight: Governance Guidelines explicitly require annual review of each director’s external commitments .
Fixed Compensation
| Component | 2023 | 2024 |
|---|---|---|
| Cash retainer (program level) | $145,000 | $145,000 (program unchanged) |
| Committee chair retainer (Compensation) | $20,000 (other committees) | $20,000 (other committees) |
| Total cash paid (Fees Earned or Paid in Cash) – Hachigian | $165,000 | $165,000 |
| Meeting fees | None (eliminated starting 2023) | None |
| Deferral option | Cash/equity may be deferred under Deferred Compensation Plan | Cash/equity may be deferred under Deferred Compensation Plan |
Notes: Lead Director retainer is $40,000; Audit/Nuclear chair retainers $25,000; other committee chairs $20,000 .
Performance Compensation
Directors receive fixed‑value annual equity in the form of common stock (not performance‑conditioned). Shares are generally not transferable until the director meets stock ownership guidelines; directors may elect to defer equity .
| Equity Element | 2023 | 2024 |
|---|---|---|
| Annual equity value | $185,441 (grant‑date fair value) | $185,555 (grant‑date fair value) |
| Shares granted and grant date | 2,450 shares on Feb 16, 2023 | 3,240 shares on Feb 15, 2024 at $57.27 |
| Vesting/transferability | Generally not transferable until ownership guideline met | Generally not transferable until ownership guideline met |
2025 program reference: On Feb 13, 2025, each non‑employee director received 2,700 shares; annual cash retainer remained $145,000 and equity value remained $185,000 .
Other Directorships & Interlocks
- Current public boards: Allegion plc (retiring June 2025), PACCAR, L3Harris .
- Interlocks/conflicts: Company’s 2025 proxy discloses related‑party transactions and independence determinations; no transactions or relationships involving Mr. Hachigian were identified. One independence consideration related to Mr. Camaren’s family member; not applicable to Mr. Hachigian .
Expertise & Qualifications
- Leadership of complex industrials; public company CEO/Chair credentials (Cooper; JELD‑WEN) .
- International ops and manufacturing experience (Asia‑Pacific) .
- Financial and risk oversight experience (prior audit committee service; Federal Reserve Bank of Dallas, Houston branch board) .
- As Compensation Committee Chair at NEE, oversees CEO/NEO pay, incentive plan design, and consultant independence; FW Cook engaged as independent advisor in 2024 with no conflicts .
Equity Ownership
| Metric (as of March 25, 2025) | Amount |
|---|---|
| Shares owned (direct/indirect) | 96,225 |
| Shares which may be acquired within 60 days | — (none) |
| Total beneficial ownership | 96,225 |
| Phantom/deferred shares | — |
| Shares pledged as collateral | None disclosed for any directors/executive officers as a group |
| Director ownership guideline | 7x the cash portion of annual retainer; compliance required within six years |
| Compliance status | All directors other than Ms. Henry, Ms. Stahlkopf (joined 2023), and Mr. Martha (joined 2024) meet the guideline; implies Mr. Hachigian is compliant |
| Hedging/pledging policy | Short sales, hedging, and margin accounts prohibited; clawback policy in place |
Governance Assessment
- Strengths: Long‑tenured independent director with deep industrial CEO experience; chairs a key committee (Compensation); 100% Board/committee attendance; strong ownership alignment and compliance with stringent 7x retainer guideline; no related‑party ties; company prohibits hedging/pledging and maintains clawback .
- Watch items: Multi‑board service (PACCAR; L3Harris; Allegion) can raise workload considerations, though NEE’s Governance Guidelines require annual review of director time commitments; planned retirement from Allegion (June 2025) reduces external load .
No RED FLAGS identified in the 2025 proxy specific to Mr. Hachigian (no related‑party transactions, no pledging, independence affirmed, full attendance) .