NC Utilities Commission

Business
5:02 pm
Tue December 18, 2012

Duke Shuffles Executives

Jeff Lyash is the fourth high-ranking Progress Energy executive to leave since the company merged with Duke Energy.
Duke Energy

Another Progress Energy executive is out at Duke Energy in the latest personnel shuffle of the merged companies.  A Duke Energy spokesman says changes required in a settlement with North Carolina utility regulators sparked a "domino effect."  

Seven top executives are shifting titles and roles in what resembles a game of musical chairs.

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Local News
7:49 am
Fri November 30, 2012

Duke CEO To Retire In Settlement With Regulators

Duke Energy CEO Jim Rogers will retire by the end of 2013.

Duke Energy CEO Jim Rogers will step down sometime next year as part of a settlement announced late yesterday that would resolve an investigation of the company's merger with Progress Energy. Angry North Carolina utility regulators launched the investigation when Duke's  board abruptly fired the man they'd promised would lead the merged company - Progress CEO Bill Johnson.

WFAE's Julie Rose joined Morning Edition Host Duncan McFadyen to sort through the settlement.

MCFADYEN: So Julie, is Duke admitting it was wrong to fire Johnson like that and keep Rogers on as CEO?

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