Mr Hyler has more than 37 years of experience in the financial services industry. He was as an auditor with Ernst & Young, served for eight years as CFO for First Citizens Bank, and then served 19 years as the bank’s president, vice chairman and COO. He retired from his leadership position with First Citizens Bank in early in 2008.
Bill Johnson, chairman, president and CEO of Progress Energy, said: Jim is well known and highly respected throughout the financial and business community. His knowledge and experience in financial services and corporate finance will be a tremendous asset to our board as our utilities move forward with the significant capital expansion necessary to meet the future energy needs of our customers reliably and affordably.
