CHARLOTTE — Duke Energy announced Harry Sedaris as its new president and CEO. The 29-year company veteran will also sit on the utility company’s board of directors. Following more than two decades with the company, He will replace Lynn Good, who will retire from her management and board roles after more than two decades with the company on April 1.
Sideris began his career at Progress Energy (formerly Carolina Power & Light) prior to its merger with Duke Energy in 2012 and has served as president since last April. In that time, he has led Duke Energy’s electric and gas utilities, including operations, customer services and delivery, economic development, regulatory and legislative affairs, and grid and generation strategy.
“I am honored and excited to assume the leadership of Duke Energy at this dynamic time for our company and industry,” said Sideris. “I’d also like to thank Lynn for her leadership and guidance over the years. The valuable position that we’ve attained under her leadership, the opportunities before us, and our employees’ steadfast commitment to our customers and shareholders make our future bright.”
Good established herself as a highly respected leader in the utility industry and the broader business community. Highlights of her tenure as CEO include enhancing stakeholder engagement, modernizing regulatory constructs across multiple states, developing innovative customer solutions, delivering industry-leading safety and operations, and transforming the company into a pure-play portfolio of regulated utility businesses.
“The board is extraordinarily appreciative of Lynn’s leadership during her tenure as CEO and her nearly 20 years with the company,” Ted Craver of Duke Energy’s board of directors said in a statement. “Her many contributions delivered value to our customers, shareholders, and other stakeholders. Thanks to her leadership, Duke Energy today is an industry-leading, fully regulated utility company well-positioned to thrive in the years ahead. Lynn’s legacy is defined by the power of her strategic course, an unwavering commitment to our customers and shareholders, industry-leading operations and safety, excellence in stakeholder engagement and the team she built.”
Good said, “It has been the honor of a lifetime to lead this company for the last 11 years and to serve with an industry leading team. Working with communities, policymakers, and other stakeholders, I’m so proud of what we’ve accomplished. Duke Energy is in a strong and enviable position and, under Harry’s leadership, will surely seize upon the opportunities ahead to deliver for our customers, communities, investors, and other stakeholders.”
