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Progress Energy Elects Patriot CEO Baker To Board

RALEIGH, N.C. (AP) ¿ Progress Energy said Thursday that John D. Baker II, president and CEO of Patriot Transportation Holding Inc., was elected to the utility's board of directors.

Baker also serves on the boards of Patriot Transportation Holding, a trucking and real estate holding company, and Wells Fargo & Co., according to Progress Energy. He is a past chairman of the Florida Concrete and Products Association.

Baker was president and CEO of Florida Rock Industries from 1997 to 2007

Shares of Progress Energy slid 34 cents to $39.39 in afternoon trading.

Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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