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JEA Board of Directors Names McElroy New CEO

Jacksonville, FL (Sept. 7, 2012) – The JEA Board of Directors at a special meeting today named Paul McElroy to fill the role of JEA Chief Executive Officer and Managing Director, effective October 1, 2012.

Board Chairman Ashton Hudson said, “Paul’s financial leadership has led to positive results for JEA. The board looks forward to working with Paul. We are confident JEA will continue to excel under his leadership.”

McElroy has served as chief financial officer at JEA since 2002. Prior to coming to JEA, he was the vice president and general manager of Bombardier Capital Corporation. He brings more than 30 years of experience working in the financial and operational arenas. McElroy currently co-chairs the Large Public Power Council Tax and Finance Committee. He is a member of the Finance and Audit Committee for The Energy Authority, having also served as its chair. McElroy holds a Bachelor of Science degree in Accounting. He and his family have lived in northeast Florida 12 years, eight of which have been in Jacksonville.

JEA is the seventh-largest community-owned electric utility in the United States and one of the largest water and sewer utilities in the nation providing electric, water and sewer service to residents and businesses in northeast Florida.