Lynn Good is set to retire after 11 years of leadership and nearly 20 years of service with the Duke Energy company.
A former CEO of Edison International will assume the chair of the utility’s board.
Duke Energy Corp. leader Lynn Good is transferring her presidential title to a seasoned 28-year employee as part of a broader management restructuring that includes the impending retirement of long-serving executive Steve Young.
Experiences and characteristics of the previous and new CEO:
Good, who is 64 years old, has held the positions of board chair, president, and CEO of the Charlotte-based Duke since early 2016. Effective April 1, 53-year-old Harry Sideris will take on the role of president, overseeing the operations and customer service for Duke’s electric and gas utilities throughout the Southeast. This appointment positions Sideris, who has served as executive vice president of customer experience, solutions, and services since October 2019, as a leading candidate to succeed Good as Duke’s CEO potentially.
Harry’s extensive leadership background encompasses nearly all aspects of Duke Energy’s operations, along with significant regulatory and stakeholder engagement, as stated by Good. This breadth of experience uniquely positions him to guide our utilities and operations during this transformative period. Having collaborated closely with him over the past several years, I am assured of his dedication to our customers, communities, investors, and stakeholders.
Before assuming his role in customer experience, Sideris served in various capacities, including chief distribution officer for nearly 18 months, president of the Florida operations, and senior vice president of environmental health and safety for the holding company.
In conjunction with Sideris’ advancement, Duke announced that Young, 65, will retire on June 30 after a remarkable 44-year tenure with the company, which began as a financial assistant shortly after college. Throughout his career, he has occupied numerous leadership positions, including a nine-year term as CFO. Since September 2022, he has held the position of chief commercial officer, overseeing Duke’s commercial renewables and natural gas sectors, as well as generation, transmission strategy, and information technology.
“Steve’s leadership has consistently made a significant impact on Duke Energy through various challenges and opportunities,” Good remarked. “He has been instrumental in shaping and executing the strategy that has established us as a pure-play regulated company with a clear trajectory for growth.”
Harry Sideris & Lynn Good Duke Energy CEO
Changes in Duke Energy Company with the change of CEO:
The upcoming retirement of Young and the promotion of Sideris have resulted in several changes to the portfolios of other Duke executives, as outlined below:
• Julie Janson, the CEO of the Carolinas, has assumed oversight of the company’s natural gas operations.
• Bonnie Titone, the Chief Information Officer, has been appointed as the chief administrative officer, taking charge of IT, cybersecurity, supply chain management, facilities, and real estate.
• Sasha Weintraub, previously leading the natural gas division, has been appointed as the chief customer officer, a position that encompasses responsibilities such as pricing, rate design, economic development, and traditional customer service functions.
• Scott Batson, who has served as Duke’s chief distribution officer since late 2019, has recently transitioned to the role of chief power grid operations officer.
About Duke Energy:
Duke Energy Corp. engages in the distribution of natural gas and energy-related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana, and Duke Energy Ohio. The Gas Utilities and Infrastructure segment focuses on natural gas operations primarily through the regulated public utilities of Piedmont and Duke Energy Ohio. The Commercial Renewables segment acquires, develops, builds, operates, and owns wind and solar renewable generation throughout the continental United States. The company was founded in 1904 and is headquartered in Charlotte, NC.
