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Sunday, July 14, 2024

Duke Energy promotes Sideris to president

Duke Energy named Harry Sideris as president, a title that Chair and CEO Lynn Good now holds. Good remains the top leader at the Charlotte-based utility.

Sideris is a 28-year Duke veteran who will be responsible for Duke’s electric and gas utilities, including customer service and operations, effective April 1. He has been executive vice president of customer experience, solutions and services.

Harry Sideris

He joins three other executives who now report to Good: Chief Financial Officer Brian Savoy; Chief Corporate Affairs Officer Louis Renjel and Chief Legal Officer Kodwo Ghartey-Tagoe.

Good has been CEO since 2013. The company does not have a mandatory retirement age for CEOs. Good is in her mid-60s.

Duke also announced that veteran executive Steve Young will retire on June 30. He is chief commercial officer, a post he took last year after serving as CFO for many years.

Young was the second-highest paid Duke executive in 2023 with total compensation of $4.8 million, followed by Julie Janson, CEO of Duke Energy Carolinas, who received $4.4 million, according to the company’s proxy filing. Savoy and Ghartey-Tagoe each had compensation of $3.4 million. Sideris was not among the top-paid executives last year. (Retired Chief Operating Officer Dhiaa Jamil received compensation of about $5.5 million.)

On April 1, Chief Information Officer Bonnie Titone will join the company’s senior management committee, reporting to Good. The company also promoted Sasha Weintraub to chief customer officer and Scott Batson to chief power grid operations officer.

Weintraub has been head of the natural gas business, while Batson is a nearly 40-year Duke employee.

Duke has 7.9 million electric utility customers in the Carolinas, Florida, Indiana, Ohio and Kentucky, plus 1.6 million natural gas customers in the Carolinas, Tennessee, Ohio and Kentucky. It is the third-largest U.S. electric utility by market capitalization, behind NextEra Energy and Southern Company.

David Mildenberg
David Mildenberg
David Mildenberg is editor of Business North Carolina. Reach him at dmildenberg@businessnc.com.

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