Stephen G. De May Senior Vice President, Tax and Treasurer
Stephen De May is senior vice president, tax and treasurer for Duke Energy. As treasurer, he is responsible for financing and capital markets activities, liability management, liquidity and cash management, long-term investments and managing Duke Energy's relationships with the major credit rating agencies. As head of tax, he is responsible for federal, state, local and international tax compliance, audits, research, structuring and tax planning, property tax, income tax accounting, tax information systems and Sarbanes-Oxley compliance with respect to tax matters.
Previously, De May served as senior vice president and treasurer, after the closing of the Progress Energy merger in 2012 until February 2016. Prior to that, he was named senior vice president, investor relations and treasurer in October 2009 where, in addition to his treasury responsibilities, he led investor relations and monitored trends in the investment markets and maintained key relationships with debt and equity investors, analysts and financial institutions.
De May joined the company in 1990 as a director of the company's former real estate development business, Crescent Resources, where he had responsibility for managing the finance and accounting functions. In 1994, he joined the company's corporate finance group, and in 1996, completed an extended risk management assignment at the company's energy trading and marketing affiliate.
Following the Duke Power/PanEnergy merger, De May managed the corporate finance group until 1999, when he was appointed vice president of business unit finance. During 2004 and 2005, he served as vice president of energy and environmental policy, the company's primarily public policy role. Immediately following the merger between Duke Energy and Cinergy in April 2006, he served as assistant treasurer and head of corporate finance. In 2007, De May was named vice president and treasurer for Duke Energy, which included oversight of the risk management function, and in February 2009 he was named treasurer and chief risk officer. Before joining Duke Energy, he served as senior tax consultant for Deloitte & Touche and tax consultant for Price Waterhouse.
De May graduated from the University of North Carolina at Chapel Hill with a Bachelor of Arts degree in political science and a Master of Business Administration degree from the McColl Graduate School of Business at Queens University of Charlotte. He is a certified public accountant in North Carolina. In 2010, he completed the Advanced Management Program at the Wharton School of the University of Pennsylvania. A native of Long Island, N.Y., De May and his wife, Linda, have three children.
Duke Energy, the largest electric power company in the United States, supplies and delivers electricity to approximately 7 million customers in the Southeast and Midwest. The company also distributes natural gas in Ohio and Kentucky. Its commercial power and international businesses operate diverse power generation assets in North America and Latin America, including a growing renewable energy portfolio. Headquartered in Charlotte, N.C., Duke Energy is a Fortune 250 company traded on the New York Stock Exchange under the symbol DUK.