Duke Energy names new CEO
Posted June 18, 2013
Charlotte, N.C. — Duke Energy on Tuesday announced that its board of directors has unanimously elected Lynn Good to succeed Jim Rogers as president and chief executive officer.
Good, currently Duke's executive vice president and chief financial officer, will assume her new role July 1. Rogers will continue to serve as chairman of the board of directors until his retirement on Dec. 31.
"The selection committee considered several exceptional internal and external candidates and determined that Lynn’s leadership abilities and strategic vision for Duke Energy’s continued growth make her the ideal choice," Duke Lead Director Ann Maynard Gray said in a statement.
Good, 54, said in a statement that she is confident in the company's leadership and dedicated employees.
"I will work to ensure Duke Energy is positioned to continue its track record of outstanding customer service and operational and financial excellence," she said.
Good's election as president and chief executive officer finishes off a rough year for Duke leadership and further completes a settlement between the company and the North Carolina Utilities Commission.
The two sides agreed in November 2012 to settle a state investigation into Duke's ouster of former Progress Energy CEO Bill Johnson after its acquisition of the Raleigh-based power company.
In proposing the merger, the utilities promised Johnson would lead the combined company for 18 months. But the newly constituted board, with a majority from Duke, forced him to resign just hours after the merger deal was done July 2, 2012.
The move came three days after the Utilities Commission approved the $35 billion merger, which created the nation's largest electric utility.