Lynn Good, the CEO of Duke Energy, one of the nation’s largest utilities, is retiring this spring after nearly 12 years on the job.
The 65-year-old Good, who is the first female to lead the Charlotte-based utility, will step down April 1. She’s being succeeded by Harry Sideris, 54, an employee of the company for 29 years who was promoted to president less than a year ago.
Good’s tenure at the helm of Duke coincided with a volatile decade for the utility industry, including navigating through the Covid-19 pandemic. She hands the top job to Sedaris as the company and the electric utility industry face prospects of demand growth not seen in decades.
“In an era of growth and rapidly evolving customer demands, Harry’s experience in operations, customer service, strategy, and stakeholder and regulatory engagement makes him the ideal choice for CEO,” Ted Craver, Duke’s lead independent director, said Monday in a news release.