Ex-Progress Energy directors upset with CEO change

Published July 6, 2012 3:58pm ET



RALEIGH, N.C. (AP) — Former board members of Progress Energy are upset the chief executive of the Raleigh-based company, Bill Johnson, was ousted as head of Duke Energy just minutes after the companies merged this week.

Former board member Alfred Tollison Jr. says he felt he was misled about the plans for Progress Energy’s chief to head the newly combined company, forming the nation’s largest electric utility.

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