Duke Energy Appoints Steve Young As EVP And CFO - Quick Facts

(RTTNews) - Duke Energy corp. (DUK) announced Tuesday that it appointed Steve Young as its executive vice president and chief financial officer to replace Lynn Good, who became president and chief executive officer on July 1.

Young has served as vice president, controller and chief accounting officer since 2005, and continued to hold that position after the close of the merger between Duke Energy and Progress Energy in July 2012.

Young, 55, joined Duke Power in 1980 and over his career has led a number of key functions, including system planning and operating, rates and regulatory affairs, and as CFO of Duke Power. He has also been accountable for the company's interaction with the utility commissions in North Carolina and South Carolina and the Federal Energy Regulatory Commission.