- Sideris, a 29-year company veteran, also joins the board of
directors; lead independent director Ted Craver becomes independent chair, both
effective April 1
- In her more than 11 years as CEO, Good transformed Duke
Energy into a leading, fully regulated utility – creating
substantial customer and shareholder value
CHARLOTTE, N.C., Jan. 13,
2025 /PRNewswire/ -- Duke Energy (NYSE: DUK) today
announced that its board of directors has appointed Harry Sideris, president and chief executive
officer and a member of the board of directors, effective
April 1, 2025. Sideris, currently
president, will succeed Lynn Good,
who will retire from her management and board roles at the company
on April 1 after more than two
decades of distinguished service.
Lead independent director Ted
Craver will become independent chair of the Duke Energy
Board of Directors, also effective April
1. Craver, who has served on the company's board since 2017,
is the retired chairman, president and CEO of Edison International,
an electric power holding company serving 15 million people in
Southern California.
"After a multiyear and comprehensive CEO-succession process, we
are delighted that Harry will become our next president and CEO.
Harry's nearly three-decade-long record of extraordinary
accomplishments makes him uniquely qualified to lead Duke Energy,"
Craver said. "In an era of growth and rapidly evolving customer
demands, Harry's experience in operations, customer service,
strategy, and stakeholder and regulatory engagement makes him the
ideal choice for CEO. On behalf of the board, I want to
congratulate Harry and look forward to him and his leadership team
building upon the company's strong momentum."
Craver continued, "The board is extraordinarily appreciative of
Lynn's leadership during her tenure as CEO and her nearly 20 years
with the company. Her many contributions delivered value to our
customers, shareholders, and other stakeholders. Thanks to her
leadership, Duke Energy today is an industry-leading, fully
regulated utility company well-positioned to thrive in the years
ahead. Lynn's legacy is defined by the power of her strategic
course, an unwavering commitment to our customers and shareholders,
industry-leading operations and safety, excellence in stakeholder
engagement and the team she built."
"I am honored and excited to assume the leadership of Duke
Energy at this dynamic time for our company and industry," said
CEO-elect Sideris. "I'd also like to thank Lynn for her leadership
and guidance over the years. The valuable position that we've
attained under her leadership, the opportunities before us, and our
employees' steadfast commitment to our customers and shareholders
make our future bright."
Sideris, who has served as president of Duke Energy since
April 2024, is a 29-year veteran of
the company. As president, Sideris has successfully led Duke
Energy's electric and gas utilities, including operations, customer
services and delivery, economic development, regulatory and
legislative affairs, and grid and generation strategy. He began his
career at Progress Energy (formerly Carolina Power & Light) prior to its merger
with Duke Energy in 2012. His experience includes a variety of
customer, operations, and regulatory leadership roles. Before
becoming president, Sideris' leadership roles included executive
vice president of customer experience, solutions and services,
president of Duke Energy Florida, vice president of environmental,
health and safety and vice president of power generation for
fossil/hydro operations in the western regions of North Carolina and South Carolina.
Good said, "It has been the honor of a lifetime to lead this
company for the last 11 years and to serve with an industry leading
team. Working with communities, policymakers, and other
stakeholders, I'm so proud of what we've accomplished. Duke Energy
is in a strong and enviable position and, under Harry's leadership,
will surely seize upon the opportunities ahead to deliver for our
customers, communities, investors, and other stakeholders."
During her tenure as CEO, Good guided the company through a
highly dynamic external environment while delivering for customers
and investors. Hallmarks of her tenure as CEO include enhancing
stakeholder engagement, modernizing regulatory constructs across
multiple states, developing innovative customer solutions,
delivering industry-leading safety and operations, and transforming
the company into a pure-play portfolio of regulated utility
businesses. She has established herself as a highly respected
leader in the utility industry and the broader business
community.
Duke Energy
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in
Charlotte, N.C., is one of
America's largest energy holding companies. The company's electric
utilities serve 8.4 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio
and Kentucky, and collectively own
54,800 megawatts of energy capacity. Its natural gas utilities
serve 1.7 million customers in North
Carolina, South Carolina,
Tennessee, Ohio and Kentucky.
Duke Energy is executing an ambitious clean energy transition,
keeping reliability, affordability and accessibility at the
forefront as the company works toward net-zero methane emissions
from its natural gas business by 2030 and net-zero carbon emissions
from electricity generation by 2050. The company is investing in
major electric grid upgrades and cleaner generation, including
expanded energy storage, renewables, natural gas and nuclear.
More information is available at duke-energy.com and the
Duke Energy News Center. Follow Duke Energy
on X, LinkedIn, Instagram and Facebook, and visit illumination for
stories about the people and innovations powering our energy
transition.
24-Hour: 800.559.3853
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SOURCE Duke Energy