1. Harry Sideris becomes CEO, succeeding Lynn Good, effective April 1. 2. Duke Energy plans an $83 billion capital investment over five years. 3. Sideris commits to advancing energy solutions and operational excellence. 4. Duke Energy serves 8.4 million customers and emphasizes a cleaner energy transition. 5. Ted Craver becomes chair of the board, replacing the retiring lead director.
Sideris' appointment may enhance strategic direction and investor confidence, similar to past leadership transitions boosting stock value.
Leadership changes can significantly influence company strategy and market perception, particularly with Sideris' extensive experience.
The $83 billion investment plan indicates a commitment to growth that will positively influence future earnings and stock valuation.
CHARLOTTE, N.C., April 1, 2025 /PRNewswire/ -- Duke Energy (NYSE: DUK) today announced Harry Sideris has assumed the role of chief executive officer and has joined the company's board of directors. His appointment was part of a planned transition announced earlier this year.
Sideris has served as president since April 2024 and will retain that role. He succeeds Lynn Good, who is retiring from Duke Energy after more than two decades of exceptional dedication and leadership, including nearly 12 years as CEO.
"I am honored to step into this role at such a pivotal time for our industry," said Sideris. "Thanks to Lynn's leadership, Duke Energy has become an industry-leading, fully regulated utility that is ideally positioned to seize the opportunities in front of us. I am excited to lead us into our next chapter of growth and advance our mission of delivering reliable, affordable and innovative energy solutions to meet the evolving needs of our customers and communities."
Sideris will focus on shaping the future of Duke Energy by overseeing an $83-billion five-year capital plan and advancing critical infrastructure investments that support economic development and meet customers' energy demands. Under Sideris' leadership, the company will continue prioritizing safety and operational excellence, delivering meaningful value to shareholders, and providing superior service to customers and communities.
Sideris, a 29-year veteran of the company, has been a longstanding member of Duke Energy's senior management committee. In his role as president, Sideris has successfully led Duke Energy's electric and gas utilities, including all aspects of customer service and operations. Prior to becoming president, Sideris held leadership roles as executive vice president of customer experience, solutions and services, president of Duke Energy Florida, and vice president of environmental, health and safety.
His career began at Progress Energy (formerly Carolina Power & Light), before it merged with Duke Energy in 2012. Read more on his career journey.
Sideris will join boards of directors for the Edison Electric Institute, the Institute of Nuclear Power Operations and the World Association of Nuclear Operators. He also will serve on the Business Roundtable and Charlotte Executive Leadership Council.
Also effective April 1, Ted Craver, formerly lead independent director, becomes chair of Duke Energy's board of directors. Craver, who has served on the board since 2017, is the former chairman, president and CEO of Edison International.
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. The company's electric utilities serve 8.4 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 54,800 megawatts of energy capacity. Its natural gas utilities serve 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky.
Duke Energy is executing an ambitious energy transition, keeping customer reliability and value at the forefront as it builds a smarter energy future. The company is investing in major electric grid upgrades and cleaner generation, including natural gas, nuclear, renewables and energy storage.
More information is available at duke-energy.com and the Duke Energy News Center. Follow Duke Energy on X, LinkedIn, Instagram and Facebook, and visit illumination for stories about the people and innovations powering our energy transition.
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