- Sideris to report back to Lynn Good, Chair and CEO
- Steve Younger, EVP and Chief Industrial Officer, to retire after a 40-plus yr profession
- Bonnie Titone, Sasha Weintraub and Scott Batson to affix firm’s senior administration committee
CHARLOTTE, N.C., March 15, 2024 /PRNewswire/ — Duke Vitality (NYSE: DUK) right this moment introduced a set of govt management appointments, together with the promotion of Harry Sideris to president of Duke Vitality, efficient April 1. Lynn Good stays Duke Vitality’s chair and CEO, as she continues to guide one of many nation’s largest clear power transitions by way of a technique dedicated to reliability and affordability for its prospects.
Individually, the corporate additionally introduced that Steve Younger is retiring from the position of govt vice chairman and chief business officer, efficient June 30. He’ll proceed with the corporate as a senior advisor to Duke Vitality till that point.
As president, Sideris, a 28-year firm veteran, can have duty for Duke Vitality’s electrical and gasoline utilities, together with all elements of customer support and operations. He’ll proceed to report back to Good.
Sideris most not too long ago served as EVP of buyer expertise, options and companies. In that position, Sideris led transmission, distribution and buyer operations, in addition to financial growth actions. Sideris has beforehand served as president of the corporate’s Florida regulated utility, chief distribution officer, and senior vice chairman of environmental, well being and security.
Commenting on Sideris’s appointment to president, Good mentioned: “Harry’s management experiences have included almost each side of Duke Vitality’s operations in addition to in depth regulatory and stakeholder expertise. This uniquely qualifies him to guide our utilities and operations on this interval of transformation as we proceed to fulfill the rising calls for for inexpensive, dependable and more and more clear power. Having labored carefully with him during the last a number of years, I’m assured of his dedication to our prospects, communities, traders and stakeholders who rely on us every single day.”
Duke Vitality veteran Steve Younger to retire
In saying Younger’s retirement, Good acknowledged his distinguished profession of greater than 4 a long time that included serving 9 years as Duke Vitality’s EVP and chief monetary officer earlier than taking over his present place in September 2022, which included oversight of the business renewables enterprise, pure gasoline enterprise unit, era and transmission technique and knowledge know-how.
Earlier than turning into CFO, Younger was Duke Vitality’s SVP, controller and chief accounting officer. Younger spent his complete profession with Duke Vitality, becoming a member of Duke Energy as a monetary assistant in 1980 out of faculty and advancing by way of the group to serve in a number of management roles throughout finance, the controller’s workplace, charges and regulatory affairs, and system planning and operations.
“By means of all seasons and circumstances, Steve’s management has made a distinction for Duke Vitality,” Good mentioned. “He has performed a key position in shaping and implementing the technique that has positioned us as a pure-play regulated firm with a transparent path for progress. He has introduced credibility and labored tirelessly to ship worth to our prospects and our traders whereas additionally serving as a mentor and coach to lots of our leaders. We’re a stronger firm right this moment due to his many contributions.”
Extra modifications to Duke Vitality’s prime management
Because of Sideris’s expanded scope and Younger’s deliberate retirement, Good’s direct experiences now embrace Sideris; Brian Savoy, EVP and chief monetary officer; Louis Renjel, EVP and chief company affairs officer; and Kodwo Ghartey-Tagoe, EVP, chief authorized officer and company secretary.
Sideris’s direct experiences embrace Julie Janson, EVP and CEO of the Carolinas, who provides duty for the corporate’s pure gasoline enterprise unit to her portfolio; Alex Glenn, EVP and CEO of Duke Vitality Florida and Midwest; and Preston Gillespie, EVP and chief era officer and head of enterprise operational excellence.
Along with the above leaders who make up the corporate’s senior administration committee, the next executives are becoming a member of the group efficient April 1, reflecting expanded duties:
- Bonnie Titone, who most not too long ago served as SVP and chief data officer. She is being appointed SVP and chief administrative officer, with duties that embrace data know-how, cyber, provide chain and services and actual property. With greater than 22 years of expertise in data know-how, Titone joined Duke Vitality in 2019 from Pacific Fuel and Electrical after management roles with Volkswagen and Toyota. Titone will report back to Good.
- Sasha Weintraub, who most not too long ago served as SVP and head of the corporate’s pure gasoline enterprise unit. He’s being appointed SVP and chief buyer officer. Along with conventional customer support capabilities, Weintraub’s new scope will embrace duty for brand new buyer services and products, in addition to buyer pricing and price design, financial growth and wholesale prospects.
Moreover, his portfolio contains the corporate’s grid technique. Weintraub, with greater than 25 years of business expertise, will report back to Sideris.
- Scott Batson, whose duties expanded this month when he assumed the position of senior vice chairman and chief energy grid operations officer, brings almost 40 years of firm expertise, and oversees the secure, dependable and environment friendly operation of Duke Vitality’s electrical transmission and distribution methods for the corporate’s six-state service space. Batson will report back to Sideris.
Duke Vitality
Duke Vitality (NYSE: DUK), a Fortune 150 firm headquartered in Charlotte, N.C., is one in every of America’s largest power holding firms. Its electrical utilities serve 7.9 million prospects in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively personal 51,000 megawatts of power capability. Its pure gasoline unit serves 1.6 million prospects in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The corporate employs 27,500 folks.
Duke Vitality is executing an aggressive clear power technique to create a wiser power future for its prospects and communities – with objectives of a minimum of a 50 % carbon discount by 2030 and net-zero carbon emissions by 2050. The corporate is a prime U.S. renewable power supplier, on observe to personal or buy 16,000 megawatts of renewable power capability by 2025. The corporate is also investing in main electrical grid upgrades and expanded battery storage, and exploring zero-emitting energy era applied sciences comparable to hydrogen and superior nuclear.
Duke Vitality was named to Fortune’s 2022 “World’s Most Admired Firms” record and Forbes’ “America’s Finest Employers” record. Extra data is out there at duke- power.com. The Duke Vitality Information Heart accommodates information releases, reality sheets, photographs and movies. Duke Vitality’s illumination options tales about folks, improvements, group matters and environmental points. Comply with Duke Vitality on Twitter, LinkedIn, Instagram and Fb.
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SOURCE Duke Vitality