Progress Energy Corp.

• Position: Regional Report - People - Brief Article

It's back to Plan A, almost, for William Cavanaugh (cover, November), who retires as Progress Energy Corp.'s chief executive officer March 1. He will be replaced by Bob McGehee, 60, the company's president and chief operating officer. Cavanaugh, 65, originally had hoped to retire in February but was asked in September 2002 by his board to stay an additional year because of the uncertainty in...