Brian Savoy named CFO
Steve Young appointed commercial director
CHARLOTTE, North Carolina – Duke Energy (NYSE: DUK) today announced executive appointments to the positions of Chief Financial Officer and Chief Commercial Officer, effective September 1, 2022.
Brian Savoycurrently executive vice president and chief strategy and commercial officer, will become executive vice president and chief financial officer, succeeding Steve Young.
As CFO, Savoy will oversee the company’s finance function, including the controller’s office, treasury, tax, financial planning, risk management and insurance. He will also be responsible for corporate development and business strategy.
Prior to his current role, Savoy served as Senior Vice President and Chief Transformation and Chief Administrative Officer. Previously, he served as director of accounting and controller. He joined Duke Energy in 2001 as manager of the company’s energy trading unit, and has since held various leadership positions across the company.
“Brian’s deep financial acumen and extensive business experience have prepared him well for this role, allowing for a seamless transition,” said Lynn Good, chairman, president and CEO. effectively achieve net zero while delivering sustainable value to our customers and shareholders.”
Steve Youngcurrently executive vice president and chief financial officer, will become executive vice president and chief commercial officer.
In his new role, Young will have responsibility for commercial renewables, the natural gas business unit, business technology and security, enterprise and business development, distributed energy solutions, regulated renewables development and strategies to transform the assets of generation and transmission of the company to achieve its objectives. net zero carbon emissions targets.
Throughout his career at Duke Energy, which began in 1980, Young has held numerous leadership positions in areas such as finance, bulk energy, and system planning and operations. Before becoming CFO in 2013, he served as senior vice president and director of accounting and controller at Duke Energy.
“Steve is an incredible leader who has been instrumental in shaping Duke Energy into the company we are today,” said Good. “In his new role, he will use his extensive experience to ensure alignment between his organization’s functions and our business strategy.”
The company also announced the following changes:
Ghartey-Tagoe codeexecutive vice president, CEO and corporate secretary, will incorporate the Administrative Services organization into his current responsibilities.
Harry Siderisexecutive vice president, customer experience, solutions and services, will expand his responsibilities to include the supply chain organization.
“The changes we’re announcing today reflect the depth of the company’s leadership and will further position us for success as we execute the industry’s largest clean energy transition,” Good said.
Duke Energy (NYSE: DUK ), a Fortune 150 company headquartered in Charlotte, North Carolina, is one of the largest energy holding companies in the United States. Its electric companies serve 8.2 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 50,000 megawatts of energy capacity. Its natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The company employs 28,000 people.
Duke Energy is executing an aggressive clean energy transition to achieve its goals of net zero methane emissions from its natural gas business and at least a 50% carbon reduction in electricity generation by 2030 and net zero emissions from carbon by 2050. Zero targets also include Scope 2 and certain Scope 3 emissions. In addition, the company is investing in major improvements to the power grid and energy storage, and is exploring generation technologies emission-free energy such as hydrogen and advanced nuclear.
Duke Energy was named to Fortune’s 2022 “World’s Most Admired Companies” list and to Forbes’ “America’s Best Employers” list. More information available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos and videos. Duke Energy’s lighting includes stories about people, innovations, community issues and environmental issues. Keep Duke Energy on Twitter, LinkedIn, Instagram i Facebook.
Media Contact: Neil Nissan