Duke Prepares CEO Change This Spring

Lynn Good will retire after 11 years at the helm and nearly two decades with the company. A former Edison International CEO will take over as chair of the utility’s board.

 


Image for illustration purposes.

Lynn Good will retire as CEO and chair of the board of Duke Energy Corp., effective April 1, and make way for 29-year company veteran Harry Sideris.

Sideris will take over from Good about a year after he was named president and given responsibility for the operations and customer service of Duke’s electric and gas utilities. Since starting his career at Progress Energy, which Duke bought in 2012, he has held a variety of customer, operations and regulatory roles. Before being named president last year, he was executive VP of customer experience.

“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,” said Ted Craver, Duke’s lead independent director, in announcing the succession plan. “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.”

Duke leaders signalled that Sideris was a likely candidate to succeed Good last spring when they promoted him as longtime executive Steve Young was preparing to retire after more than four decades at the utility. Word of his planned promotion comes a month after Pinnacle West Capital Corp., the parent of Arizona Public Service, said Jeff Guldner plans to hand the reins of that company to Ted Geisler—also on April 1.

Source: T&D World