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Business Observer Friday, Nov. 11, 2016 5 years ago

Corporate report

Duke Energy promotes from within; Hospital appoints associate chief medical officer; Company starts with Naples for national expansion
by: Steven Benna Staff Writer

Duke Energy promotes from within

Duke Energy named longtime utilities veteran Harry Sideris state president of the company's Florida unit.

Sideris was most recently senior vice president of environmental, health and safety for Duke Energy, according to a release. He succeeds Alex Glenn, who has been named senior vice president of state and federal regulatory legal support.

Sideris, 46, will be based in St. Petersburg when his post officially begins Jan. 1. He will be responsible for the financial performance of Florida and manage state and local regulatory and government relations and community affairs. He will also work with Glenn's team and the corporate and regulatory strategy team to advance rate and regulatory initiatives in Florida, company officials say.

Sideris joined Progress Energy (formerly Carolina Power & Light) in 1996. He served in numerous operations, maintenance, technical and leadership roles across Progress Energy's generation fleet in the Carolinas and Florida — at both the plant and corporate levels. In July 2012, following the Duke Energy-Progress Energy merger, he became vice president of power generation for Duke Energy's operations in the western portion of North Carolina and South Carolina. He assumed his current role in August 2014.

Duke Energy Florida provides about 9,100 megawatts of owned electric capacity to approximately 1.7 million customers in a 13,000-square-mile service area.

Hospital appoints associate chief medical officer

Sarasota Memorial Hospital named oncologist Dr. James Fiorica associate chief medical officer.

Fiorica currently serves as director of SMH's Women's Cancer Specialty Program, according to a statement. He will join SMH Chief Medical Officer Steve Taylor in leading medical strategies for the 900-plus member medical staff.

Fiorica joined Sarasota Memorial in 2005 as part of its First Physicians Group, the statement adds. As the hospital's chief of staff in 2014, he helped launch the new trauma center and internal medicine residency program.

Sarasota Memorial is an 819-bed regional medical center. The health care system has more than 900 physicians and about 5,000 total employees.

Company starts with Naples for national expansion

Nebco Insurance Services, which caters to high-net-worth individuals, has opened an office in Naples — the first location for the firm outside its base of Greenwich, Conn.

The office is at 400 Fifth Ave. S., Suite 302. Nebco specializes in providing customized insurance plans that protect primary and secondary residences, yachts, luxury automobiles and private collections of art and jewelry, according to a statement. The agency also provides business insurance for clients' privately held businesses and to professionals who cater to affluent families, including law firms, accountants and private-wealth managers, the release adds.

“Our business plan is to expand our geographic footprint and enter into new communities across the country in the course of the next five years,” Nebco CEO John Paolini says in the statement. “Naples represents the first office in that effort.”

Customers have driven the expansion into Florida by purchasing second homes or re-domiciling out of high-income-tax states, the company says. “Approximately 20% of our clients maintain residences in Florida and we're seeing that number grow,” says Paolini.

Nebco, founded in 1979, is licensed in all 50 states and has 1,800 clients. Greenwich-based Stone Point, a private-equity firm, bought Nebco in January 2013.

Paolini, a veteran of the insurance business and a Naples resident, joined Nebco as CEO earlier this year. Paolini has held senior executive positions with specialty insurance agencies and companies over the last 24 years.

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