2022-08-01 | NYSE: DUKE | Press release

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  • Brian Savoie appointed chief financial officer
  • Steve Young appointed commercial director

CHARLOTTE, North Carolina, August 1, 2022 /PRNewswire/ — Duke Energy (NYSE: DUK) today announced leadership appointments to its Chief Financial Officer and Chief Commercial Officer positions, effective September 1, 2022.

Brian Savoiecurrently Executive Vice President and Chief Strategy and Commerce Officer, will become Executive Vice President and Chief Financial Officer, succeeding Steve Young.

As Chief Financial Officer, Savoy will oversee the company’s finance function, including the office of the comptroller, treasury, tax, financial planning, risk management and insurance. He will also be responsible for business development and strategy.

Prior to his current role, Savoy served as Senior Vice President and Chief Transformation and Administration Officer. Previously, he held the positions of accounting director and controller. He joined Duke Energy in 2001 as head of the company’s energy trading unit and has since held several leadership positions across the company.

“Brian’s financial acumen and extensive commercial experience prepared him well for this role, allowing for a smooth transition,” said Lynn Good, Chairman, President and Chief Executive Officer. “Brian will play a critical role in advancing our clean energy strategy to profitably 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 be responsible for Commercial Renewables, Natural Gas Business Unit, Enterprise Technology and Security, Commercial Enterprises and Development, Distributed Energy Solutions, Regulated Renewables Development and strategies to transform the company’s generation and transmission assets to achieve its objective. net zero carbon emissions targets.

Throughout his career at Duke Energy, which began in 1980, Young held numerous leadership positions in areas such as finance, mass power, and systems planning and operations. Prior to becoming chief financial officer in 2013, he served as senior vice president and chief accounting officer and controller of Duke Energy.

“Steve is an incredible leader who has been instrumental in transforming Duke Energy into the company we are today,” said Good. “In his new role, he will leverage his extensive experience to ensure alignment between his organization’s functions and our business strategy.”

The company also announced the following changes:

  • Kodwo Ghartey-TagoeExecutive Vice President, General Counsel and Corporate Secretary, will add the organization of administrative services to 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

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 utilities serve 8.2 million customers in North Carolina, Caroline from the south, Florida, Indiana, Ohio and Kentucky, and collectively possess 50,000 megawatts of power capacity. Its natural gas unit serves 1.6 million customers in North Carolina, Caroline from the south, Tennessee, Ohio and Kentucky. The company employs 28,000 people.

Duke Energy is executing an aggressive clean energy transition to meet its goals of net methane emissions from its natural gas business and at least 50% carbon reduction from power generation by 2030 and net emissions carbon emissions by 2050. Zero goals also include Scope 2 emissions and some Scope 3 emissions. zero-emission power generation such as hydrogen and advanced nuclear.

Duke Energy was named to Fortune’s 2022 “World’s Most Admired Companies” list and Forbes’ “America’s Top Employers” list. More information is available at duke-energy.com. The Duke Energy News Center contains press releases, fact sheets, photos and videos. Duke Energy lighting features stories about people, innovations, community issues and environmental issues. Follow Duke Energy on Twitter, LinkedIn, instagram and Facebook.

Media contact: Neil Nissan

800.559.3853

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