Naren K. Gursahaney
NEXTERA ENERGYAbout Naren K. Gursahaney
Independent director of NextEra Energy, Inc. since 2014; age 63. Audit Committee Chair and member of the Executive Committee and Governance & Nominating Committee. Former President & CEO of The ADT Corporation (2012–2016), with prior senior leadership roles at Tyco and GE Medical Systems Asia. Education: MBA (University of Virginia) and B.S. Mechanical Engineering (Penn State).
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| The ADT Corporation | President & CEO; Board member | Sep 2012–May 2016 | Led public company security systems/services; oversight of operations and strategy |
| Tyco Security Solutions | President | Pre-2012 (prior to ADT separation) | Led largest operating segment; electronic security for multiple sectors |
| Tyco Engineered Products & Services | President | 2003 onward (joined Tyco in 2003) | Operational excellence leadership; global manufacturing/services |
| Tyco Flow Control | President | 2003 onward | Operations and information technology leadership |
| GE Medical Systems Asia | President & CEO | ~10-year GE career (dates not specified) | Ran Asia-Pacific sales/services; senior roles in services, marketing, IT |
External Roles
| Company/Organization | Role | Tenure | Notes |
|---|---|---|---|
| — | — | — | No current public company boards disclosed for Gursahaney in the proxy |
Board Governance
- Committee assignments: Audit (Chair); Executive Committee; Governance & Nominating Committee .
- Independence: Board determined all 11 non-employee directors, including Gursahaney, are independent under NYSE standards and NEE’s Governance Guidelines .
- Attendance: Board met 6 times in 2024; each director attended 100% of Board and assigned committee meetings. Executive sessions held at each regularly scheduled Board meeting and after each committee meeting, chaired by the committee chair .
- Audit Committee: 2024 meetings: 8; members: Gursahaney (Chair), Arnaboldi, Henry, Stahlkopf, Wilson; Gursahaney designated as SEC “audit committee financial expert” .
- Governance & Nominating Committee: 2024 meetings: 4; members include Gursahaney .
- Executive Committee membership includes Gursahaney .
- AI oversight: Audit Committee Charter amended Feb 2025 to include AI risk oversight; Audit Committee discusses AI developments at least annually; Board receives cybersecurity dashboards each meeting .
| Committee | Role | 2024 Meetings | Key Responsibilities |
|---|---|---|---|
| Audit | Chair | 8 | Financial reporting integrity; auditor oversight; compliance; risk assessment; AI oversight |
| Governance & Nominating | Member | 4 | Board composition/refreshment; governance policies; ESG and political engagement oversight |
| Executive | Member | 0 | Acts when Board not in session |
Fixed Compensation
| Year | Cash Retainer ($) | Chair/Lead Retainers ($) | Total Cash ($) | Equity Grant ($) | Equity Shares | Notes |
|---|---|---|---|---|---|---|
| 2024 | 145,000 | 25,000 (Audit Chair) | 170,000 | 185,555 | 3,240 shares at $57.27 on 2/15/2024 | No meeting fees since 2023; directors may defer compensation; Gursahaney deferred 100% of equity retainer |
Additional context: Effective 1/1/2025, non-employee directors receive $145,000 cash plus common stock valued at $185,000 (2,700 shares granted 2/13/2025), subject to ownership guidelines and transfer restrictions until guidelines met .
Performance Compensation
Directors do not receive performance-based bonuses or PSUs/options tied to operational or TSR metrics; equity is an annual retainer grant with standard director vesting/transfer restrictions. No meeting or per-meeting fees; compensation mix is fixed cash plus time-based equity .
| Performance Metric | Weight | 2024 Target | 2024 Actual | Payout |
|---|---|---|---|---|
| N/A (No director performance plan) | — | — | — | — |
Other Directorships & Interlocks
| Company | Relationship | Potential Interlock/Conflict |
|---|---|---|
| None disclosed | — | None indicated in proxy for Gursahaney |
Expertise & Qualifications
- Extensive operations, strategic planning and leadership experience across global manufacturing and services; prior public company CEO (ADT) .
- Global operations, information technology, and service experience (GE Medical Systems Asia) .
- Education: MBA (University of Virginia), B.S. Mechanical Engineering (Penn State) .
- Designated audit committee financial expert, signaling financial literacy and oversight capability .
Equity Ownership
| Item | Amount | Notes |
|---|---|---|
| Shares owned | 25,392 | Beneficial ownership as of Mar 25, 2025 |
| Shares acquirable within 60 days | — | None listed for directors |
| Phantom/deferred shares | 21,351 | Deferred under director plans |
| Pledged as collateral | 0 | No shares pledged; applies to all directors/executives as a group |
| Ownership guideline | 7x annual cash retainer | Directors must meet within six years; Gursahaney meets guideline |
| Hedging/pledging policy | Prohibited | Anti-hedging and anti-pledging policies apply to directors |
Governance Assessment
- Strengths: Long-tenured independent director with prior public-company CEO experience; Audit Committee Chair and SEC-recognized financial expert; 100% attendance; active on Governance & Nominating and Executive Committees; compliance with stringent ownership guidelines reinforces alignment; equity retainer fully deferred in 2024 improves long-term alignment .
- Compensation structure: Transparent, shareholder-aligned mix (fixed cash + equity); chair retainer appropriately compensates added oversight; no meeting fees; strong anti-hedging/pledging policies .
- Conflicts/related-party exposure: No related person transactions identified for Gursahaney in 2024; Board independence affirmed annually .
- Oversight signals: Audit Charter’s AI oversight amendment adds emerging risk coverage; Board’s regular executive sessions and strong evaluation processes enhance effectiveness .
RED FLAGS: None disclosed specific to Gursahaney (no attendance issues, no related-party transactions, no hedging/pledging). Monitor director time commitments (Board explicitly reviews annually) and evolving AI/cyber oversight demands given Audit Committee leadership workload .