- Sideris to report to Lynn
Good, Chair and CEO
- Steve Young, EVP and Chief Commercial Officer, to
retire after a 40-plus year career
- Bonnie Titone, Sasha
Weintraub and Scott Batson to
join company's senior management committee
CHARLOTTE, N.C., March 15,
2024 /PRNewswire/ -- Duke Energy (NYSE: DUK) today
announced a set of executive leadership appointments, including the
promotion of Harry Sideris to
president of Duke Energy, effective April
1. Lynn Good remains Duke
Energy's chair and CEO, as she continues to lead one of the
nation's largest clean energy transitions through a strategy
committed to reliability and affordability for its customers.
Separately, the company also announced that Steve Young is retiring from the role of
executive vice president and chief commercial officer, effective
June 30. He will continue with the
company as a senior advisor to Duke Energy until that time.
As president, Sideris, a 28-year company veteran, will have
responsibility for Duke Energy's electric and gas utilities,
including all aspects of customer service and operations. He will
continue to report to Good.
Sideris most recently served as EVP of customer experience,
solutions and services. In that role, Sideris led transmission,
distribution and customer operations, as well as economic
development activities. Sideris has previously served as president
of the company's Florida regulated
utility, chief distribution officer, and senior vice president of
environmental, health and safety.
Commenting on Sideris's appointment to president, Good said:
"Harry's leadership experiences have included nearly every facet of
Duke Energy's operations as well as extensive regulatory and
stakeholder experience. This uniquely qualifies him to lead our
utilities and operations in this period of transformation as we
continue to meet the growing demands for affordable, reliable and
increasingly clean energy. Having worked closely with him over the
last several years, I am confident of his commitment to our
customers, communities, investors and stakeholders who count on us
every day."
Duke Energy veteran Steve
Young to retire
In announcing Young's retirement,
Good recognized his distinguished career of more than four decades
that included serving nine years as Duke Energy's EVP and chief
financial officer before taking on his current position in
September 2022, which included
oversight of the commercial renewables business, natural gas
business unit, generation and transmission strategy and information
technology.
Before becoming CFO, Young was Duke Energy's SVP, controller and
chief accounting officer. Young spent his entire career with Duke
Energy, joining Duke Power as a
financial assistant in 1980 out of college and advancing through
the organization to serve in several leadership roles across
finance, the controller's office, rates and regulatory affairs, and
system planning and operations.
"Through all seasons and circumstances, Steve's leadership has
made a difference for Duke Energy," Good said. "He has played a key
role in shaping and implementing the strategy that has positioned
us as a pure-play regulated company with a clear path for growth.
He has brought credibility and worked tirelessly to deliver value
to our customers and our investors while also serving as a mentor
and coach to many of our leaders. We are a stronger company today
because of his many contributions."
Additional changes to Duke Energy's top leadership
As
a result of Sideris's expanded scope and Young's planned
retirement, Good's direct reports now include Sideris;
Brian Savoy, EVP and chief financial
officer; Louis Renjel, EVP and chief
corporate affairs officer; and Kodwo
Ghartey-Tagoe, EVP, chief legal officer and corporate
secretary.
Sideris's direct reports include Julie
Janson, EVP and CEO of the Carolinas, who adds
responsibility for the company's natural gas business unit to her
portfolio; Alex Glenn, EVP and CEO
of Duke Energy Florida and Midwest; and Preston Gillespie, EVP and chief generation
officer and head of enterprise operational excellence.
In addition to the above leaders who make up the company's
senior management committee, the following executives are joining
the group effective April 1,
reflecting expanded responsibilities:
- Bonnie Titone, who most recently served as SVP and chief
information officer. She is being appointed SVP and chief
administrative officer, with responsibilities that include
information technology, cyber, supply chain and facilities and real
estate. With more than 22 years of experience in information
technology, Titone joined Duke Energy in 2019 from Pacific Gas and
Electric after leadership roles with Volkswagen and Toyota. Titone
will report to Good.
- Sasha Weintraub, who most
recently served as SVP and head of the company's natural gas
business unit. He is being appointed SVP and chief customer
officer. In addition to traditional customer service functions,
Weintraub's new scope will include responsibility for new customer
products and services, as well as customer pricing and rate design,
economic development and wholesale customers.
Additionally, his portfolio includes the company's grid strategy.
Weintraub, with more than 25 years of industry experience, will
report to Sideris.
- Scott Batson, whose
responsibilities expanded this month when he assumed the role of
senior vice president and chief power grid operations officer,
brings nearly 40 years of company experience, and oversees the
safe, reliable and efficient operation of Duke Energy's electric
transmission and distribution systems for the company's six-state
service area. Batson will report to Sideris.
Duke Energy
Duke Energy (NYSE: DUK), a Fortune
150 company headquartered in Charlotte, N.C.,
is one of America's largest energy holding companies. Its electric
utilities serve 7.9 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio
and Kentucky, and collectively own
51,000 megawatts of energy capacity. Its natural gas unit serves
1.6 million customers in North
Carolina, South Carolina,
Tennessee, Ohio and Kentucky. The company employs 27,500
people.
Duke Energy is executing an aggressive clean energy strategy to
create a smarter energy future for its customers and communities –
with goals of at least a 50 percent carbon reduction by 2030 and
net-zero carbon emissions by 2050. The company is a top U.S.
renewable energy provider, on track to own or purchase 16,000
megawatts of renewable energy capacity by 2025. The company also is
investing in major electric grid upgrades and expanded battery
storage, and exploring zero-emitting power generation technologies
such as hydrogen and advanced nuclear.
Duke Energy was named to Fortune's
2022 "World's Most Admired Companies" list and
Forbes' "America's Best Employers" list. More information is
available at duke- energy.com. The Duke Energy News
Center contains news releases, fact sheets, photos and videos.
Duke Energy's illumination features stories about people,
innovations, community topics and environmental issues. Follow Duke
Energy on Twitter, LinkedIn, Instagram and Facebook.
24-hour media line: 800.559.3853
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SOURCE Duke Energy