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TheStreet Open House

Duke Energy Board Elects Lynn Good As President And CEO

Stocks in this article: DUK

CHARLOTTE, N.C., June 18, 2013 /PRNewswire/ -- Duke Energy announced today that the board of directors has unanimously elected Lynn Good as its next president and chief executive officer, succeeding Jim Rogers, who 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.

(Logo: http://photos.prnewswire.com/prnh/20130322/CL81938LOGO )

The Duke Energy board of directors will also name one of its independent directors chair-elect in the coming weeks. This individual will assume responsibilities as chairman of the board on Jan. 1, 2014, and will assist the new CEO and the board with a smooth transition in the coming months.

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.

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