William Cavanaugh III

AAA

DEFINITION of 'William Cavanaugh III'

Chairman of the World Association of Nuclear Operators (a nuclear power plant safety organization) since 2004 and a former CEO of System Energy Resources, Carolina Power and Light Company, and Progress Energy. Cavanaugh formed Progress Energy, a Fortune 500 energy company, though a merger between Carolina Power and Light and Florida Progress Corporation in 2000. His conservative management strategy helped the company survive deregulation and the Enron scandal of 2001.

INVESTOPEDIA EXPLAINS 'William Cavanaugh III'

Cavanaugh III was born in New Orleans in 1939. After earning his bachelor of science degree from Tulane University, he began his career with the U.S. Navy in 1961, where he became lieutenant commander of the navy's nuclear program before moving into the private sector in 1969 with Entergy Corporation.



RELATED TERMS
  1. Chairman

    An executive elected by a company's board of directors that is ...
  2. Corporate Headquarters

    A place where a company's executive offices and executives' direct ...
  3. Corporate Action

    Any event that brings material change to a company and affects ...
  4. Corporate Governance

    The system of rules, practices and processes by which a company ...
  5. Inside Director

    A board member who is an employee, officer or stakeholder in ...
  6. Insider

    A director or senior officer of a company, as well as any person ...
Related Articles
  1. Evaluating The Board Of Directors
    Insurance

    Evaluating The Board Of Directors

  2. What Investors Can Learn From Insider ...
    Markets

    What Investors Can Learn From Insider ...

  3. The Basics Of Corporate Structure
    Investing Basics

    The Basics Of Corporate Structure

  4. Why Do Companies Care About Their Stock ...
    Investing Basics

    Why Do Companies Care About Their Stock ...

comments powered by Disqus
Hot Definitions
  1. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
  2. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  3. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  4. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  5. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  6. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
Trading Center