As the chair and CEO of Duke Energy, Lynn Good continues to steer one of the largest renewable energy transitions in the country with a customer-centric approach that prioritizes affordability and dependability.
In a separate development, the organization declared that Steve Young, who was serving as executive vice president and chief commercial officer, would be relinquishing his position on June 30. Until then, he will maintain his position as a senior advisor to Duke Energy.
Alongsideris, a 28-year veteran of the organization, will assume the role of president and be accountable for all facets of Duke Energy’s gas and electric utilities, encompassing operations and customer service. Good will continue to receive his reports.
Sideris held the position of EVP of customer experience, solutions, and services most recently. Sideris oversaw transmission, distribution, and customer operations, in addition to economic development initiatives, in that capacity. Sideris has held the positions of chief distribution officer, president of the company’s Florida-regulated utility, and senior vice president of environmental, health, and safety.
Steve Young, a veteran of Duke Energy, will retire.
Good acknowledged Young’s distinguished forty-plus-year career in his retirement announcement. During that time, he served as the executive vice president and chief financial officer of Duke Energy for nine years prior to assuming his current position in September 2022. Young’s responsibilities included managing the commercial renewables business, the natural gas business unit, the generation and transmission strategy, and information technology.
Young served as Duke Energy’s SVP, controller, and chief accounting officer prior to assuming the role of CFO. Young dedicated his entire professional trajectory to Duke Energy. Commencing his tenure at Duke Power in 1980 as a financial assistant subsequent to his graduation from college, he progressed through the ranks to assume numerous leadership positions encompassing system planning and operations, rates and regulatory affairs, finance, and the controller’s office.
Further modifications to Duke Energy’s executive team
Good now reports to 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, due to Young’s anticipated retirement and Sideris’s expanded scope.
Julie Janson, EVP and CEO of the Carolinas, who assumes the company’s natural gas business unit; 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 are Sideris’s direct reports.
Further to the aforementioned executives who comprise the senior management committee of the corporation, the subsequent executives are becoming members of the group as of April 1, in accordance with their increased responsibilities:
Bonnie Titone, who served as SVP and chief information officer most recently. She is being appointed chief administrative officer and senior vice president, with additional responsibilities in facilities and real estate, cyber, information technology, and supply chain management. Titone, who has over 22 years of experience in information technology, joined Duke Energy in 2019 following leadership positions at Volkswagen and Toyota and Pacific Gas and Electric. Good will receive reports from Titone.
Formerly the SVP and chief of the organization’s natural gas division, Sasha Weintraub. He will assume the position of SVP and chief customer officer. Furthermore, Weintraub’s new scope of work will encompass not only conventional customer service duties but also the oversight of customer pricing and rate design, economic development, and wholesale clients, in addition to new customer products and services.
His portfolio additionally comprises the organization’s grid strategy. Weintraub, who possesses over 25 years of experience in the industry, will be subordinate to Sideris.
Scott Batson, who assumed the position of senior vice president and chief power grid operations officer this month, has nearly four decades of experience with the organization. In this capacity, he is responsible for ensuring the secure, dependable, and effective functioning of Duke Energy’s electric transmission and distribution systems throughout the six-state service area. Sideris will receive reports from Batson.
Duke Power
Duke Energy, based in Charlotte, North Carolina, is a Fortune 150 corporation and one of the largest energy holding companies in the United States. The electric utilities in Kentucky, North Carolina, South Carolina, Florida, Indiana, and Ohio collectively own 51,000 megawatts of energy capacity and serve 7.9 million customers in those states. 1.6 million consumers in North Carolina, South Carolina, Tennessee, Ohio, and Kentucky are served by its natural gas division. There are 27,500 employees at the company.
In order to establish a more informed energy future for its customers and communities, Duke Energy is actively implementing a bold renewable energy strategy. This strategy aims to achieve net-zero carbon emissions by 2050 and a minimum 50 percent reduction in carbon emissions by 2030. The organization is a leading provider of renewable energy in the United States, with plans to acquire or own 16,000 megawatts of such capacity by 2025. In addition to investing in significant enhancements to the electric grid and increased battery storage, the company is investigating advanced nuclear and hydrogen power generation technologies that produce no emissions.
