Duke Energy said it appointed Harry K. Sideris as president, chief executive officer and a member of the board, effective on April 1, 2025. The appointment was announced on January 13, 2025.

1. 01

   Duke Energy said it appointed Harry K. Sideris as president, chief executive officer and a member of the board, effective on April 1, 2025. The appointment was announced on January 13, 2025.

2. 02

   The company said Lynn J. Good will retire as chief executive officer and as chair and director effective on April 1, 2025, and that the retirement is not the result of any disagreement over operations, policies or practices. Lead Independent Director Theodore F. Craver, Jr. will be appointed independent chair on the same day.

3. 03

   Duke Energy said its independent directors approved an annual base salary of $1,300,000 for Sideris effective April 1, 2025, a short-term incentive opportunity of 150% of base salary, and a long-term incentive opportunity of 750% of base salary. The approval was granted on January 10, 2025.

4. 04

   Duke Energy said the board approved an amendment to Sideris' Change in Control Agreement that raised the severance multiple from 2.00 times to 2.99 times his annual compensation. The company said Sideris has served as president since April 2024.

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