Summary
Duke Energy Corporation (DUK) filed an 8-K on June 16, 2009, to announce a significant change in its executive leadership. David L. Hauser, the Group Executive and Chief Financial Officer, is retiring from Duke Energy effective June 30, 2009, to assume the roles of Chairman and Chief Executive Officer at FairPoint Communications, Inc. This marks the departure of a key financial executive from the company. Lynn J. Good, currently Group Executive and President of Commercial Businesses, will step into the role of Group Executive and Chief Financial Officer on July 1, 2009. Ms. Good brings a strong financial background, including prior CFO experience at Cinergy Corp. before its merger with Duke Energy, and her existing responsibilities in commercial businesses will be retained for the time being. Investors should monitor the transition and Ms. Good's performance in this critical financial role.
Key Highlights
- 1David L. Hauser, Group Executive and CFO, announced his retirement from Duke Energy, effective June 30, 2009.
- 2Mr. Hauser will become Chairman and CEO of FairPoint Communications, Inc.
- 3Lynn J. Good, Group Executive and President, Commercial Businesses, will succeed Mr. Hauser as CFO, effective July 1, 2009.
- 4Ms. Good will continue to hold her current responsibilities as President of Commercial Businesses temporarily.
- 5Ms. Good has prior executive financial experience, including as CFO of Cinergy Corp.
- 6Compensation details for Ms. Good will be found in the company's definitive proxy statement filed on March 20, 2009.
- 7The filing also lists principal executive offices and contact information for Duke Energy Corporation and its subsidiaries.