Duke Energy announced that the board of directors has unanimously elected Lynn Good as its next president and chief executive officer, succeeding Jim Rogers.
Rogers?will continue to serve as chairman of the board until his retirement on Dec. 31, 2013.
Good will also serve as a director on the Duke Energy board. She will assume her new role on July 1.?
Good, 54, has served as Duke Energy's executive vice president and chief financial officer since July 2009. She joined Cinergy, a Duke Energy predecessor company, in 2003 following 20 years working in senior management roles and as a partner for Deloitte & Touche and Arthur Andersen.?
"After a responsible and deliberate selection process by the board of directors, we are delighted that Lynn will become our next president and CEO," said Duke Energy lead director Ann Maynard Gray, who led the board's special committee to select the next CEO. "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."?
"The committee applied thoughtfulness, collaboration and diligence to its selection process," said board director and selection committee member Jim Hyler. "Our unanimous support of Lynn as our next president and CEO clearly demonstrates that the board is united in its vision for the company and its confidence that Lynn is the best leader to move Duke Energy forward."
Prior to her tenure as Duke Energy's CFO, Good served as group executive and president of Duke Energy's Commercial Businesses organization. In this role, she was principally responsible for the Midwest non-regulated generation, Duke Energy International, Duke Energy Renewables, corporate development, and merger and acquisition activities.?
"I am deeply honored by the trust the board has placed in me to lead Duke Energy," said Good. "I have a high degree of confidence in the strength of our 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," Good added.?
Good will succeed Rogers, who has served as Duke Energy's president and CEO since 2006. In November 2012, Rogers, 65, announced that he will retire from the company by the end of 2013 after a 25-year career as a CEO in the utility industry.??
"I have worked closely with Lynn for 10 years, and know she cares deeply about this company, our employees, customers and shareholders," Rogers said. "I applaud the board's choice and am eager to work with Lynn on a seamless transition."?
The selection process was led by a nine-member committee of the board's independent directors. The committee and the board were assisted in their search by Russell Reynolds.??
Source: http://eastcharlotte.wbtv.com/news/business/99462-duke-energy-board-elects-new-president-ceo
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